Size
-
Lot size
-
Street frontage
E
Possession
Flexible
Price per sqm
-
Taxes
$7,726.98 (2024)
Parking Type
-
Style
2-Storey
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Description
Unique investment opportunity in the Downtown Core of St Thomas. Both properties are exclusively being sold together, one price for both! A VACANT 6300 Sq Ft building and a 41ft by 109ft rear lot (currently being rented as a parking lot). Both lots are under the same C2 zoning allowing for full commercial, full residential or mixed use. Architectural plans to convert the entire building into 11 residential units is included in the listing documents. After development, this would be an excellent candidate for refinancing under CMHC with a strong cashflow and no rent control (for new units). The rear lot would also provide sufficient parking for all units or can be redeveloped. Property is serviced by municipal water & sewers, natural gas and hydro. Building includes 6 breakers, 6 hydro meter bases, 3 gas meters, 3 furnaces and 8 existing points of entry. Excellent visibility in a family-friendly neighbourhood within steps to City Hall, Public Library, Westlake Evans Park, YMCA daycare, retail stores, restaurants, bars and public transit.
EXTRAS:
EXTRAS:
Broker: BLUE FOREST REALTY INC.
MLS®#: X9361257
Property details
Parking:
11
Parking type:
-
Property type:
Multiplex
Heating type:
Forced Air
Style:
2-Storey
MLS Size:
+465 sqm
Lot front:
9.75 M
Listed on:
Sep 21, 2024
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Instant estimate:
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$34,976
higher than listed pricei
High
$569,240
Mid
$534,876
Low
$520,325
