232 Elm Street St. Thomas, Ontario N5R 1J5
$3,650,000
FOR SALE: 23-unit, 3 story walk-up apartment building with potential to build up to 8 additional units on site! A report from a local planning firm suggests that increased density on this site would likely be supported given the sites characteristics, arterial road access and proximity to a major regional health care centre. With below market rents and a unique opportunity to turn over and renovate, this investment opportunity is full of potential. Nestled on 0.659 acres across from the St. Thomas Elgin General Hospital on an arterial road, this property offers tenants excellent transportation and a quiet neighbourhood. With Amazon opening shortly and the VW battery plant currently under construction, the local housing demand is only going to increase over the next decade. Don’t miss this opportunity to get in before demand pushes the market even higher. (id:20872)
Property Details
| MLS® Number | 40479196 |
| Property Type | Multi-family |
| Amenities Near By | Hospital |
| Features | Laundry- Coin Operated |
| Parking Space Total | 22 |
Building
| Bathroom Total | 23 |
| Bedrooms Total | 23 |
| Basement Type | None |
| Cooling Type | None |
| Exterior Finish | Brick |
| Foundation Type | Poured Concrete |
| Heating Type | Radiant Heat |
| Stories Total | 3 |
| Size Interior | 15000 |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Land Amenities | Hospital |
| Sewer | Municipal Sewage System |
| Size Frontage | 244 Ft |
| Size Total Text | 1/2 - 1.99 Acres |
| Zoning Description | R5 |
https://www.realtor.ca/real-estate/26022171/232-elm-street-st-thomas
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November 01 2023 08:40:45
London and St. Thomas Association of REALTORS®
Prime Real Estate Brokerage