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Investment signal

$474,900

67-69 ELIZABETH STREET

Beds

6

Baths

3.1

Sqft

Year

Location

See the block, not just the house.

Open the map for street view, commute checks, and nearby schools, groceries, mosques, parks, and transit stops.

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About this home

Two semi detached homes under one ownership! Welcome to 67-69 Elizabeth Street located in the lovely city of St. Thomas! Fully tenanted and with a cap rate of just under 6%, this property pays for itself and makes it the perfect opportunity for investors to grow your portfolio. 67 Elizabeth features plenty of natural light with an open concept on the main level, 3 bedrooms, 1.5 baths and an attic space which could be used as an additional loft when finished. 69 Elizabeth features 3 bedrooms, 1 bath and is home to long term tenants who manage both the landscaping and snow removal! This home is located near downtown St. Thomas, has easy access to the highway, shopping, restaurants, parks, the new Amazon Distribution Centre, and the upcoming VW Plant! With monthly rental income of $3,000, $1,800 plus gas and electricity from unit 67 and $1,200 plus gas and electricity from unit 69, this property pays for itself. Don't miss the chance to add to your investment portfolio! Recent work has been done: Sump Pump Installation with 1/2 HP Back-Up Sump Pump, Sump Pit/Cover and Internal Water Management System with (approx.) 32 feet. Internal Drainage System, Weepers connected to new Sump and Air Gap Drainage Membrane installed (id:65958)

Subtype
Multi-family
Structure
Duplex
Community
St. Thomas
Lot dimensions
67.3 x 67.2 FT
Bedrooms
6 above grade
Parking
3 total
Stories
2.5
On market
Jan 12, 2026
Status changed
Apr 16, 2026
Annual tax
$2,704
Zoning
C8
Photos
49
MLS#
X12686352
Area
ST._THOMAS

Features and systems

Parking

No Garage

Basement

UnfinishedSeparate entranceN/AN/A

Heating

Forced airNatural gas

Cooling

Window air conditioner

Exterior

Vinyl siding

Foundation

Block

Lot

Sump Pump
Negative cash flow ~$87/mo at these assumptions

Cash on cash

-1.10%

Cap rate

5.67%

GRM

12.0

Break-even rent

$3,392

Financing

Down payment$94,980
Loan amount$379,920
Mortgage$2,331/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$218
Insurance$80
Maintenance$396
CapEx reserve$198
Vacancy loss$165

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Lifestyle nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for St. Thomas. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

Mortgage estimate

Estimated $2,331/mo at 5.49% with 20% down, 25-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 16, 2026.

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