Salehian.com 647-325-5000

128 Park Street

St. Marys, St. Marys, N4X 0C1

$749,000

Reduced $40,000 from $789,000

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  • 6 bedrooms
  • 4 bathrooms
  • 7 parking
  • 3000-3500 sq ft

Listed 92 days ago · MLS® X13584986

About this home

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 investors 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.

Details

Type
Fourplex
Style
2-Storey
Size
3000-3500 sq ft
Lot
147.18 × 49.67 ft
Basement
Crawl Space
Garage
Attached
Kitchens
4
Property tax
$3,569 (2025)
Neighbourhood
St. Marys
Municipality
St. Marys

Interior

Bedrooms
6 above ground
Bathrooms
1 × 4-piece, 1 × 4-piece, 1 × 4-piece, 1 × 4-piece
Rooms
18 above ground
Family room or den
No
Fireplace
No

Heating, cooling and services

Heating
Forced Air, Gas
Air conditioning
Window Unit(s)
Water and sewer
Sewer

Building and exterior

Style
2-Storey
Exterior
Brick Veneer, Aluminum Siding
Roof
Asphalt Shingle
Foundation
Stone
Faces
East

Parking

Garage spaces
1
Total parking
7

Lot

Size
147.18 × 49.67 ft

More

Possession
30 days
Cross street
Wellington

Location

Location is approximate. See nearby homes on the map

Recent sales nearby

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The neighbourhood

Getting around Somewhat walkable

No subway, LRT or GO station within a short trip.

Within a 10-minute walk: 1 grocery store, 5 cafés and restaurants, 8 parks, 2 pharmacies. Nearest grocery: Foodland (300 m). Nearest park: Cadzow Park (150 m).

Schools nearby

Elementary

  • Little Falls Public School
    EQAO: Gr 6 reading 92%, math 74%    15 min walk
  • Holy Name of Mary School Catholic
    EQAO: Gr 6 reading 92%, math 46%    18 min walk

Secondary

  • St. Marys District Collegiate Catholic11 min walk

EQAO: share of students meeting the provincial standard (2024–25). Ontario average: Gr 6 reading 86%, math 51%; Gr 9 math 55%; literacy test 83%.

Closest schools, not school zones. Check which school serves this address with the school board before relying on it.

Who lives here postal area N4X

Owners / renters
80% / 20%
Median household income
$89,000
Average age
45
Children under 15
15%
Homes
76% detached, 1% high-rise
Population
9,946

Languages spoken most at home besides English: German 0.7%, Spanish 0.3%, Dutch 0.2%, Arabic 0.1%.

Distances are approximate. Places © OpenStreetMap contributors. Neighbourhood figures: Statistics Canada, 2021 Census. School results: EQAO via Ontario Data Catalogue (Open Government Licence – Ontario).

Living here

Commute

To downtown London: 31 km. Transit times · Driving times

Noise Nothing major nearby

No highway within 500 m, rail line within 300 m, or airport flight path nearby.

Distances from the map, not noise measurements. Visit at rush hour to judge for yourself.

Internet High-speed

50/10 Mbps or faster available here by cable, fibre or DSL (the federal high-speed target).

From the federal broadband map. Check exact speeds and providers for the address.

Roads, rail, airports and planned stations © OpenStreetMap contributors. Internet: Innovation, Science and Economic Development Canada, National Broadband Data.

Listed by NU-VISTA PINNACLE REALTY BROKERAGE INC.

Listing information provided by PropTx Innovations Inc. and TRREB; deemed reliable but not guaranteed accurate by PropTx.

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