Price C$3650000 - 40479196

Ontario Homes for sale offer a wide variety of housing options for homebuyers looking for properties in one of Canada’s most populous provinces. The marketplace includes everything from modern luxury condominiums to historic homes with classic architectural details. The province is also home to many diverse and vibrant neighborhoods that cater to different lifestyles. Whether you’re looking for a peaceful suburban community or a bustling urban center, there is sure to be a home in Ontario that suits your preferences. Additionally, the province’s real estate market is dynamic, with properties available at different price points and in various locations.

Property Description

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.

: Radiant
: Unfinished, None
: 22
: Other
: Coin Operated
: Hospital
: Membrane
: Sewer (municipal)
Address Map
St. Thomas
N5R 1J5
232 Elm Street
W82° 49′ 20.6”
N42° 45′ 52.3”
On the north side of Elm Street directly across from the St. Thomas Elgin General Hospital parking lot.
Additional information
: Poured Concrete
: Electric Light Fixtures
: 51-99 Years
: Municipal

232 Elm Street, St. Thomas, ON N5R 1J5

23 Bedrooms
15,000 Sqft
Listing ID #40479196
Basic Details
Property Type : Residential Income
Listing Type : For Sale
Listing ID : 40479196
Price : C$3650000
Bedrooms : 23
Square Footage : 15,000 Sqft
Building Area : 15,000 Sqft
Status : Active
Property SubType : Apartment
Zoning : R5
Agent info
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