Investment Opportunity - Turnkey Fourplex in the Heart of St. Marys An exceptional opportunity to acquire a well-performing fourplex in one of St. Marys' established residential neighbourhoods. Ideally situated on the prominent corner of Park Street and Wellington Street, 128 Park Street offers inve...stors a stable, income-producing asset with strong financial performance and long-term growth potential. Generating approximately $67,000 in annual gross rental income and boasting a Net Operating Income (NOI) of $48,367, this property is offered at $789,000, presenting an attractive capitalization rate for investors seeking dependable cash flow and future appreciation. Corner lot positioning provides excellent curb appeal, strong tenant appeal, and long-term redevelopment potential, while the property's location offers convenient access to downtown amenities, parks, schools, shopping, and major commuter routes. Whether you're expanding an existing portfolio or acquiring your first multi-family investment, this turnkey fourplex delivers the fundamentals investors are looking for: consistent income, proven performance, and a desirable location in the growing community of St. Marys.
Full Property Details
Interior
Bedrooms
6
Total Bedrooms
6
Washrooms
4
Square Footage
3000-3500 sqft
Basement
Crawl Space
Heating Source
Gas
Heating Fuel
Forced Air
Air Conditioning
Window Unit(s)
Family Room
No
Kitchens
4
Total Kitchens
4
Fireplace Features
No
Bedrooms
6
Total Bedrooms
6
Washrooms
4
Square Footage
3000-3500 sqft
Basement
Crawl Space
Heating Source
Gas
Heating Fuel
Forced Air
Air Conditioning
Window Unit(s)
Family Room
No
Kitchens
4
Total Kitchens
4
Fireplace Features
No
Exterior
Depth
49.67
Front
147.18
Lot Size
147 x 49.67 ft
Pool
None
Parking Spaces
7
Total Parking Spaces
7.00
Parking Description
Attached
Garage Spaces
1
Depth
49.67
Front
147.18
Lot Size
147 x 49.67 ft
Pool
None
Parking Spaces
7
Total Parking Spaces
7.00
Parking Description
Attached
Garage Spaces
1
Building Description
Style
2-Storey
Home Type
Apartment
Subtype
Fourplex
Property Orientation
East
Exterior Finish
Brick Veneer,Aluminum Siding
Sewers
Sewer
Water Supply
Municipal
Possession Date
No Data
Style
2-Storey
Home Type
Apartment
Subtype
Fourplex
Property Orientation
East
Exterior Finish
Brick Veneer,Aluminum Siding
Sewers
Sewer
Water Supply
Municipal
Possession Date
No Data
Community
Community
St. Marys
Community
St. Marys
Taxes & Fees
Taxes
$3,569 /yr
Tax Year
2025
Occupancy
Tenant
Taxes
$3,569 /yr
Tax Year
2025
Occupancy
Tenant
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