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232 Elm Street

232 Elm Street, St. Thomas, Ontario , N5R 1J5
  • Price: $3,650,000
  • Bedrooms: 23
  • Bathrooms: 23
  • Square Footage: 15000
None Radiant Heat
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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:16757)

Property Details

MLS® Number 40479196
Property Type Multi-family
Amenities Near By Hospital
Features Laundry- Coin Operated
Parking Space Total 22


Bathroom Total 23
Bedrooms Total 23
Basement Type None
Cooling Type None
Exterior Finish Brick
Fireplace Present No
Foundation Type Poured Concrete
Heating Type Radiant Heat
Stories Total 3
Size Interior 15000
Utility Water Municipal Water


Acreage No
Land Amenities Hospital
Sewer Municipal Sewage System
Size Frontage 244 Ft
Size Total Text 1/2 - 1.99 Acres
Zoning Description R5