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$ 1,700,000
Est. payment | /mo
12 Beds
6 Baths
5,000 SqFt
$ 1,700,000
Est. payment | /mo
12 Beds
6 Baths
5,000 SqFt
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Approx. Sqft 5000 - 100000
Square Footage 5,000 sqft
Price per Sqft $340
Subdivision St. Thomas
MLS® Listing ID X12544280
Bedrooms 12
Property Description
A rare opportunity for investors seeking a high-quality, cash-flowing asset in a prime location. This purpose-built six-unit apartment building is constructed with solid concrete floors and exterior walls, with each suite functioning as its own fire-rated compartment-delivering exceptional durability, safety, sound attenuation, and long-term value. Ideally located directly across from Elgin Mall, the property offers tenants outstanding convenience with shopping, public transit, and everyday amenities just steps away, supporting strong and consistent rental demand. Each updated unit features a modern, durable finish package including stainless steel appliances, tiled flooring throughout, porcelain-tiled kitchens, plank porcelain bathroom tile, and all-wood trim and doors that provide a warm, contemporary feel while minimizing maintenance. The building is designed for efficient ownership, offering on-site coin-operated laundry in the lower level for additional income, individual water heaters in each unit, and separate hydro meters-allowing for simplified management and greater control over operating costs. Whether you are expanding an established portfolio or acquiring a stable, low-maintenance investment, this well-built and well-located apartment building represents an excellent long-term opportunity. (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating Baseboard heaters
Cooling Wall unit
Exterior
Parking Features No
View Y/N Yes
View City view
Total Parking Spaces 7
Private Pool No
Building
Lot Description Landscaped
Story 2.5
Sewer Sanitary sewer
Others
Virtual Tour https://listings.walkthrumedia.ca/sites/opzvvbq/unbranded
Listed by ROYAL LEPAGE TRILAND REALTY
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