$429,900
35-37 Kains Street, St. Thomas, ON N5P 1N1
5 Beds
4 Baths
2 Parking
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!

Property Summary

Property Type Residential Freehold
Property Sub Type Fourplex
Transaction Type For Sale
Style 2-Storey
Bedrooms Above Grade 5
Bathrooms 4
Kitchens 4
Basement Unfinished
Exposure South
Possession flexible

Building

Building Type Fourplex
Square Footage 2500-3000
Exterior Brick
Foundation Concrete Block
Roof Asphalt Shingle
Heating Baseboard
Heat Source Other
Cooling None
Fireplace No

Measurements

Lot Size 53.25 x 68.65
Lot Size Area 0.08
Lot Size Units Feet
Frontage 53.25
Depth 68.65
Total Living Area 2500-3000

Land

Address 35-37 Kains Street, St. Thomas, ON N5P 1N1
City St. Thomas
Community St. Thomas
County / Area Elgin
Cross Street Flora Street
Sewer Sewer
Pool None
Parcel Number 351770023

Parking and Garage

Total Parking 2
Garage Spaces 0
Garage Type None

Taxes and Listing Info

List Price $429,900
Annual Taxes $3,341
Tax Year 2025
Status Active
Listing Date 2026-05-11T13:20:43Z
Updated 2026-05-25T19:37:59Z
MLS Number X13109744
Local Market Insight

What Buyers Should Know About 35-37 Kains Street, St. Thomas, ON N5P 1N1

This editorial summary helps buyers look beyond the headline price and review the neighbourhood, transit, schools, rental demand, long-term value, and due-diligence items that often matter before booking a showing or submitting an offer.

Neighbourhood Analysis

35-37 Kains Street, St. Thomas, ON N5P 1N1 is positioned in St. Thomas, a part of St. Thomas where buyers should compare the street setting, nearby amenities, daily travel routes, and surrounding housing stock. For a 2-Storey, the strongest fit often depends on whether the location supports everyday routine as well as the numbers on paper.

School And Family Considerations

Families reviewing this Fourplex should confirm school boundaries directly with the local school boards before relying on listing notes. It is also worth checking walkability to parks, childcare, recreation centres, libraries, and community facilities because these details can influence both lifestyle value and future resale demand.

Transit And Access

The location should be assessed around commute patterns, access to Flora Street, public transit options, parking availability, and drive times to employment areas. A property with 2 parking and practical road access can appeal to buyers who need convenience without giving up neighbourhood quality.

Investment Potential

At $429,900, buyers should compare recent nearby sales, days on market, condition, lot utility, and the cost of future repairs or upgrades. The property shows 5 bedrooms, 4 bathrooms, basement details marked as Unfinished, and a lot size of 53.25 x 68.65, all of which can affect value.

Rental Demand

If this property is being reviewed as a rental or investment, demand should be measured by bedroom count, transit access, employment access, nearby schools, parking, and the condition of the unit or home. In St. Thomas, rental appeal usually improves when a property is easy to maintain and simple for tenants to live in.

Local Attractions And Amenities

Buyers should look at grocery access, restaurants, trails, parks, shopping, medical services, and weekend amenities around St. Thomas. These features do not always appear in the MLS data, but they can make a major difference in how the home feels after move-in and how future buyers compare it.

Builder, Condition, And Due Diligence

For resale homes, review renovations, permits, roof and mechanical age, exterior condition, inclusions, and rental items. For condo or newer properties, review building history, maintenance fees, reserve fund information, rules, amenities, and future cost exposure. A showing and document review should confirm anything not visible in the listing.

Nearby Infrastructure

Infrastructure matters because transit improvements, road projects, schools, parks, commercial growth, and employment nodes can change how an area performs over time. For 35-37 Kains Street, St. Thomas, ON N5P 1N1, buyers should check municipal plans, nearby construction, zoning context, and future projects that may affect enjoyment or resale value.

This section is informational only. Buyers should verify schools, measurements, rental rules, taxes, zoning, and property condition with the appropriate professionals before making a decision.

Listing data is provided through PropTx/MLS data services and is deemed reliable but not guaranteed. Listings are subject to change without notice.