Address
232 Elm Street, St. Thomas, ON
Price
$ 3,650,000
Property Attributes
  • ID#40479196
  • TypeCondos
  • CitySt. Thomas
  • AreaLondon and St Thomas
  • Postal CodeN5R 1J5
  • StyleApartment
  • Price$ 3,650,000
  • Bedrooms23
  • Bathrooms0
  • Half Bathrooms0
  • Sqr Footage15000
Data Source:
RLP - CREA EN
Property Description

FOR SALE: 23-unit, 3 story walk-up apartment building with potential to build upto 8 additional units on site! A report from a local planning firm suggests thatincreased density on this site would likely be supported given the sitescharacteristics, arterial road access and proximity to a major regional healthcare centre.With below market rents and a unique opportunity to turn over and renovate, thisinvestment opportunity is full of potential. Nestled on 0.659 acres across fromthe St. Thomas Elgin General Hospital on an arterial road, this property offerstenants excellent transportation and a quiet neighbourhood. With Amazon openingshortly and the VW battery plant currently under construction, the local housingdemand is only going to increase over the next decade. Don’t miss this opportunityto get in before demand pushes the market even higher.

General Features

Property Sub Type Apartment
Zoning R5
Terms SALE
Parking yes
Inclusions Other
Parking Spaces 22

Interior Features

Bedrooms 23
Beds 23

Exterior Features

Lot Frontage 244.38

Amenities

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

Property vs Condos Average in N5R 1J5

Price
AVG $3.65M
$3.65M
Visits
AVG 193
192
Data Provided by Inside Real Estate®

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