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Investment signal

$699,000

7 CHURCH STREET

Beds

Baths

Sqft

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Year

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Location

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About this home

Solid Brick Legal Fourplex for Sale. This well-maintained investment property offers two 1-bedroom units and two 2-bedroom units, all with long-term tenant retention. Tenants pay their own hydro and water. Additional features include private upper and lower sun decks for each unit, along with ample parking for all residents. Mature 20-ft cedar hedges provide exceptional privacy. The property is heated by a newer computerized gas hot water heating system, delivering excellent cost efficiency. The hot water heating System is rented, with all servicing and parts included. An excellent opportunity to acquire a turnkey, income-generating fourplex in a desirable and quiet neighborhood. Unit 3 is vacant and has been recently updated with new kitchen cabinets, countertops, vinyl flooring, and a brand-new tub surround. Potential rent is $1,500/month. (id:65958)

Subtype: Multi-family
Structure: Fourplex
Community: St. Thomas
Lot dimensions: 100 x 99 FT
Bedrooms: 6 above grade
Parking: 6 total
Stories: 2
On market: Apr 17, 2026
Status changed: Apr 17, 2026
Annual tax: $4,959
Photos: 32
MLS#: X13013136
Area: ST._THOMAS

Features and systems

Parking

Detached GarageGarage

Basement

None

Cooling

None

Exterior

Brick

Foundation

Stone

Negative cash flow ~$1,380/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)2026 default 5.49% — adjust to your rate holdAmortization (years)

Cash on cash

-11.84%

Cap rate

3.52%

GRM

16.6

Break-even rent

$4,952

Financing

Down payment$139,800

Loan amount$559,200

Mortgage$3,431/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$320

Insurance$80

Maintenance$583

CapEx reserve$291

Vacancy loss$175

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 $3,431/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 17, 2026.