$849,999
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241 Ross Street, St. Thomas, ON N5R3Y5

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8 Beds
3 Baths
- Sq Ft

CASH FLOWING Turn-Key Triplex in St. Thomas! 241 Ross St offers an outstanding cashflow opportunity, featuring a fully renovated three-unit property situated in a desirable and well-established neighbourhood. The property is fully leased with quality tenants and offers separately metered units. Each unit showcases bright, updated interiors with high ceilings, and the property includes parking for up to four vehicles. This is a clean, low-maintenance asset delivering immediate and stable cash flow, with the added flexibility for an owner to occupy one of the units if desired. Importantly, the property achieves a TRUE 7% CAP RATE, calculated conservatively and inclusive of maintenance, professional property management, and vacancy allowance, offering investors a realistic and properly underwritten return, with additional upside potential for a self-managed buyer who can retain the management costs. There is also the opportunity for an owner-occupant to move into one of the units while generating cash flow from the remaining suites, making it an attractive option for both investors and those looking to offset their housing costs. Additionally, there is potential to create a fourth unit in the basement (subject to required zoning approvals and permits), presenting approximately $100K profit potential and further enhancing the overall upside of the investment. Buyer to complete their own due diligence regarding zoning, approvals, feasibility, and financial projections. (id:58753)

Listing By: RAMI RAHY - EXP REALTY cncrea2 Realty.com
  • MLS® X13426966
  • Date Listed06/10/2026
  • Days on Realty 8 Days
  • Bedrooms 8
  • Bathrooms 3 baths
  • Lot Size -
  • Sewer Other
  • Property Type Triplex
  • Water Public

Interior Features

  • Appliances Water Heater
  • Cooling Central air conditioning, Window air conditioner
  • Heating Forced air, Natural gas

Exterior / Lot Features

  • Roof -
  • Lot Size Acres -
  • Lot Size SQFT -
  • Lot Features -

Directions

Cross Streets: Ross St and Wellington St. ** Directions: Coming from Locust St, turn right onto Ross St, building will be on the corner.

Sales & Tax History

Source: Public Records

Local Neighborhood Highlights for N5R3Y5

Discover key demographics, population statistics, and environmental insights for the St. Thomas, ON area.

Walkability in ON / N5R3Y5

Source: Walk Score

62/100

Somewhat Walkable

Walk Score ®

0/100

Minimal Transit

Transit Score ®

44/100

Bikable

Bike Score ®

Overview

Some errands can be accomplished on foot. It is possible to get on a bus. Minimal bike infrastructure.

Walkability averages in the surrounding area

The average walkability score in the surrounding area is Walk Score: 19/100, Transit Score: 0/100, Bike Score: 34/100.

Points of Interest near 241 ROSS STREET, St. Thomas, ON N5R3Y5

Frequently Asked Questions for 241 ROSS STREET

Source: Realty.com

241 ROSS STREET, St. Thomas, ON N5R3Y5 in St. Thomas, ON N5R3Y5 is a triplex listed at $849,999. Highlights include 8 bedrooms, 3 bathrooms. Realty.ca has 19 photos, sales history, school insights, and mortgage tools for this listing.

Realty.com has 19 photos of 241 ROSS STREET.

The full address for this home is 241 ROSS STREET, St. Thomas, ON N5R3Y5.

241 ROSS STREET has been listed on Realty.com since Wed June 10, 2026

Some errands can be accomplished on foot. It is possible to get on a bus. Minimal bike infrastructure.

The average walkability score in the surrounding area is Walk Score: 19/100, Transit Score: 0/100, Bike Score: 34/100.

Listing provided courtesy of: EXP REALTY
Listing agent: RAMI RAHY

This content last refreshed on 2026-06-18 12:35:34. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.