
24 FLORA STREET, St. Thomas, ON N5P2X4
$788,888 total
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Asset Class
Multifamily
Size
—
Building class
C
Zoning
RA8 — Medium Rise
$ / SF
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Occupancy
98%
.Step into the charm and character of this beautifully maintained 2.5-storey Century home, originally built in 1912, where timeless architecture meets modern convenience. Located in a desirable downtown St. Thomas neighborhood, this spacious and versatile property offers an incredible combination of character, functionality, and income potential. With an impressive 7 bedrooms, 2 kitchens, 3 full bathrooms, a powder room, and 2 separate laundry areas, the possibilities are endless. Whether you're looking for a spacious family home, multi-generational living, an investment property, or the opportunity to offset your mortgage with rental income, this home offers the flexibility to make it happen. The fully renovated lower level features its own separate entrance, kitchen, two bedrooms, full bathroom, and laundry, making it ideal for an in-law suite or additional rental opportunity. Outdoor living is just as appealing, with three rear decks, a spacious 16' x 16' ground-level deck, a 10' x 10' storage shed, and parking for up to six vehicles. Numerous updates add to the home's appeal, including windows and exterior doors (2022), furnace (2023), eavestroughs (2024), plumbing improvements, and a durable metal roof. Previously operated as a successful Airbnb, the upper-level accommodations have achieved Superhost and Guest Favourite recognition, showcasing the property's established income potential. An added bonus is the opportunity to purchase the home fully furnished, making it a convenient turnkey option for investors or buyers looking to get started right away. Enjoy the convenience of downtown living, just steps from CASO Railway Station and within walking distance to local restaurants, grocery stores, parks (id:66811)
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Monthly debt service
$4K
Projected NOI
$35K
Annual cash flow
$-8K
Cash-on-cash
-3.48%
DSCR
0.81
Going-in cap
4.50%
Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.
Trade area within 3 miles of the property.
Population
77,832
Households
36,270
Median income
$81,000
Median age
40.4
Daytime population
67,738
5-yr growth
2.1%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for 24 FLORA STREET, St. Thomas.
Offering Memorandum
PDF · 4.2 MB
Rent Roll & T-12
XLSX · 820 KB
Environmental Phase I
PDF · 6.7 MB
Site Survey & Plans
PDF · 11.4 MB
Zoning Confirmation Letter
PDF · 310 KB
Preview experience — the electronic NDA is illustrative and is not a binding agreement.