$429,900
FOR SALE

Fourplex 2-Storey

Bedrooms: 5Bathrooms: 4Lot: 53.25 x 68.65 ft
2025 Taxes: $3,341

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

An exceptional opportunity to acquire a solid, income-producing 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. 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 income with property fully tenanted is just under $40,000 with an estimated 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!
Extras
Separate Hydro Meter
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Listed By ELGIN REALTY LIMITED
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number X13109744
Last Updated May 11, 2026
Property Summary
Property Type Fourplex

More like this:
PIN 351770023
Legal Description PT LT 6 E/S FLORA ST PL 43 YARMOUTH AS IN E182322; ST. THOMAS
Possession Date flexible
Taxes (2025) $3,341
Directions/Cross Streets Flora Street
Neighbourhood St. Thomas
Area Elgin
Price History

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Detailed Information
Fronting On South
Special Designations Unknown
Bedrooms 5
Bathrooms 4
Lot 53.25 x 68.65 ft
Exterior Brick
Air Conditioning None
Basement Unfinished
Garage Type None
Parking Spaces 2
Heat Source Other
Heat Type Baseboard
Sewers Sewer

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