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Tuesday, July 28th, 2026

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$429,900
Available - For Sale
Listing ID: X13109744
An exceptional opportunity to acquire a solid, income-producing legal fourplex offering both stability and upside potential. Three of the four units are occupied by long-term tenants, providing consistent rental income and low turnover. The remaining 2 bedroom unit has been newly updated and is currently vacant-ideal for an owner-occupant or the seller will guarantee market rent of approximately $1,600 until the end of September while the new owner finds a tenant to occupy the unit. The property features four separate hydro metres, a brand new boiler installed in 2024, and is in a great central location close to schools, shopping, and all of your amenities. The potential yearly rental income with the property fully tenanted is just under $40,000 with an NOI of just under $30,00 and boasts a potential cap rate of 6.76%. Don't miss out on this excellent investment opportunity in the heart of St. Thomas. Book you private showing today!
Price $429,900
Taxes: $3,341
Assessment Year: 2025
Occupancy by: Tenant
Address: 35-37 Kains Street , St. Thomas, N5P 1N1, Elgin
Directions/Cross Streets: Flora Street
Rooms: 17
Bedrooms: 5
Bedrooms +: 0
Washrooms: 4
Family Room: F
Basement: Unfinished
No. of Pieces Level
Washroom 1:  4 Second
Washroom 2:  4 Main
Washroom 3:  4 Main
Washroom 4:  4 Main
Washroom 5:  0
Washroom 6:  4 Second
Washroom 7:  4 Main
Washroom 8:  4 Main
Washroom 9:  4 Main
Washroom 10:  0
Washroom 11:  4 Second
Washroom 12:  4 Main
Washroom 13:  4 Main
Washroom 14:  4 Main
Washroom 15:  0
Washroom 16:  4 Second
Washroom 17:  4 Main
Washroom 18:  4 Main
Washroom 19:  4 Main
Washroom 20:  0
Washroom 21:  4 Second
Washroom 22:  4 Main
Washroom 23:  4 Main
Washroom 24:  4 Main
Washroom 25:  0
Washroom 26:  4 Second
Washroom 27:  4 Main
Washroom 28:  4 Main
Washroom 29:  4 Main
Washroom 30:  0
Washroom 31:  4 Second
Washroom 32:  4 Main
Washroom 33:  4 Main
Washroom 34:  4 Main
Washroom 35:  0
Property Type: Fourplex
Style: 2-Storey
Exterior: Brick
Garage Type: None
Drive Parking Spaces: 2
Pool: None
Approximatly Square Footage: 2500-3000
Property Features: Public Trans
Place Of Worship
CAC Included: N
Water Included: N
Cabel TV Included: N
Common Elements Included: N
Heat Included: N
Parking Included: N
Condo Tax Included: N
Building Insurance Included: N
Fireplace/Stove: N
Heat Type: Baseboard
Central Air Conditioning: None
Central Vac: N
Laundry Level: Syste
Ensuite Laundry: F
Sewers: Sewer
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Down payment: $  
Interest Rate: %  
Amortization :  Years
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Asking Price: $ Heating: $ /Year  
Interest Rate: % Condo Fee: $ /Year
Taxes:   $ /Year Other Debt: $ /Year  
Amortization:     Years GDS: %
    TDS: %
Percent Down:
Down Payment $ $ $ $
First Mortgage $ $ $ $
CMHC/GE $ $ $ $
Total Financing $ $ $ $
Monthly P&I $ $ $ $
Expenses $ $ $ $
Total Payment $ $ $ $
Income Required $ $ $ $

This chart is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.

Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
ELGIN REALTY LIMITED

35-37 Kains Street , St. Thomas, N5P 1N1, Elgin

Evelina Branitsky
Sales Representative
Dir:
647.888.9606
Bus:
416.739.7200
Fax:
416.739.9367

 
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At a Glance:
Type: Freehold - Fourplex
Area: Elgin
Municipality: St. Thomas
Neighbourhood: St. Thomas
Style: 2-Storey
Lot Size: x 68.65(Feet)
Approximate Age:
Tax: $3,341
Maintenance Fee: $0
Beds: 5
Baths: 4
Garage: 0
Fireplace: N
Air Conditioning:
Pool: None
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Evelina Branitsky Sales Representative pic ebranitsky@rogers.com Sutton Group- Admiral Realty Inc., Brokerage Independently owned and operated. pic 1881 Steeles Avenue West, Toronto, Ontario M3H5Y4 pic Dir: 647.888.9606 | Office: 416.739.7200 | Fax: 416.739.9367 Personal Pic

ebranitsky@rogers.com