Address
196 Forest Avenue, St. Thomas, ON
Price
$ 4,900,000
Property Attributes
  • ID#40475070
  • TypeMulti-Family
  • CitySt. Thomas
  • AreaLondon and St Thomas
  • Postal CodeN5R 2K5
  • Style
  • Price$ 4,900,000
  • Bedrooms51
  • Bathrooms0
  • Half Bathrooms0
  • Sqr Footage7800
Data Source:
RLP - CREA EN
Property Description

Rare 17-unit townhome investment opportunity with condo conversion potential. All17 units have three bedrooms, ample parking and private backyards in a primelocation just south of the downtown. The area's thriving amenities and proximityto schools and rapidly growing employment centers (including the VW Battery Plantand the new Amazon facility to name a few) make this location highly desirable.There is an excellent opportunity to increase revenue upon turnover of units withcosmetic renovations. Alternatively, there is the potential to separately titleeach unit and renovate each unit to sell at market value, creating even more waysto win with this investment. With the local rental market on the rise, thesetownhomes provide an appealing chance to capitalize on the growing demand andlimited supply of housing.This property must be sold with 199 Forest Ave. There is a total of 17 unitsbetween the two properties.

General Features

Zoning R5-4
Terms SALE
Parking yes
Inclusions Other
Parking Spaces 14

Interior Features

Bedrooms 51
Beds 51

Exterior Features

Lot Frontage 202.22

Amenities

  • Views
  • New Construction
  • Adult 55+
  • Lease To Own
  • No Strata Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in N5R 2K5

Price
AVG $4.9M
$4.9M
Visits
AVG 157
215
Data Provided by Inside Real Estate®

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