Residential Income
$ 2,820,000.00
Description
Rare opportunity to acquire an 18-unit purpose-built apartment building in a prime
St. Thomas location. Take advantage of a strong local economy and hot rental
market. The property features 17 1-bedroom units and 1 bachelor unit. Six units
have been recently renovated. Upper units have balconies with incredible views of
Athletic Park. Solid concrete/steel construction, functional unit layouts, 2012
roof membrane, 2009 windows and ongoing improvements! Great opportunity to create
value through renovations – approximately 64% upside in rental income. Detailed
financials and further building information available.
View on map / Neighborhood
Location & Schools
- MLSAreaMajor: St. Thomas
- MLSAreaMinor: NE
- CountyOrParish: Elgin
- Directions: North on East Street from Scott Street, Curtis or Talbot Street. Property is at end of the street on East side.
- Zoning: R5, NH
Property Details
- ParcelNumber: 351710058
- AboveGradeFinishedArea: 10080
- StoriesTotal: 3
- ConstructionMaterials: Brick, Concrete, Steel Siding
- AcresRange: 0.50–1.99
Courtesy of
- ListOfficeName: PRIME REAL ESTATE BROKERAGE
77 East Street St. Thomas ON N5P 2R4. MLS 40332634. This Apartment style property is located in St. Thomas is currently Residential Income. This property is listed at $ 2,820,000.00. It has 17 beds bedrooms, 18 baths bathrooms. The property was built in 1968 year.
Contact us for more information on 77 East Street St. Thomas ON N5P 2R4
