Exceptional multi-residential investment opportunity in the growing community of St. Thomas. This renovated apartment building features multiple residential units with strong rental demand and a desirable location close to downtown amenities, shopping, parks, schools, and public transit. The property offers investors a stable income-producing asset with a diversified tenant base and potential for future revenue growth through rental increases and operational efficiencies.
The building has benefited from ongoing maintenance and capital improvements, helping to minimize near-term expenditures. Spacious suites, updated interiors, ample natural light, and on-site parking contribute to the property's appeal among renters. Situated in a market experiencing significant economic growth and investment, this asset presents an attractive opportunity for both private and institutional investors seeking long-term appreciation and dependable cash flow.
Whether expanding an existing portfolio or acquiring a turnkey multi-family property, this offering combines current income, future upside potential, and a strategic location in one of Southwestern Ontario's fastest-growing rental markets.
Property Type:
Residential Income
Property SubType:
Apartment
Year built:
1966
(Age: 60)
Listing General Location:
SE, St. Thomas
Bedrooms:
33
Bathrooms:
18.0
(Full:-/Half:-)
Lot Size:
0.89 acre(s)0.36 hectare(s)
Lot Details:
97.38 x
Lot Frontage:
97'4½"29.7 m
Lot Shape:
161.93x35.03x133.87x169.82x136.01x39.98x97.38
Kitchens:
0
County Or Parish:
Elgin
Features:
Attached Garage: No, Crops Included: No, Garage: No, New Construction: No
Construction:
Vinyl Siding
Basement:
None
Foundation:
Poured Concrete
Roof:
Flat
Number of Storeys:
3
Number of Buildings:
0
Other Structures:
Shed(s)
Total Floor Area:
13,050 sq. ft.1,212 m2
Finished Area Above Grade:
13,050 sq. ft.1,212 m2
Fireplace:
false
Laundry Features:
Coin Operated
Water Supply:
Municipal
Sewer:
Sewer (Municipal)
Cooling:
Wall Unit(s)
Heating:
Baseboard, Natural Gas, Radiant
Microwave,Fridge, Stove, Dishwasher
Microwave, Dishwasher, Refrigerator, Stove
Separate Heating Controls
false
No
From Hwy 401 interchange at Hwy 4 (Sunset Drive) south to Elm Street, turn left on Elm Street then turn right onto Holland Street
No
HST Applicable To Sale Price:
Yes
Association Fee 2 Frequency:
Monthly
Features:
Attached Garage: No, Crops Included: No, Garage: No, New Construction: No
Zoning:
R5-1
Total Acres:
0.894
Lot Site Features:
Irregular Lot, Park, Schools, Shopping Nearby
Features:
Attached Garage: No, Crops Included: No, Garage: No, New Construction: No