Sold on Nov 05, 2024
Note: Property is not currently for sale or for rent.
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Type: Multiplex
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Style: 2-Storey
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Size: 5000 sqft
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Lot Size: 32 x 0 Feet
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Age: 51-99 years
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Taxes: $7,727 per year
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Days on Site: 46 Days
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Added: Sep 20, 2024 (1 month on market)
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Updated:
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Last Checked: 3 hours ago
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MLS®#: X9361257
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Listed By: Blue forest realty inc.
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.
Status
Days on Market: 46
Last Status: Sold
Sold Date: Nov 05, 2024
Closed Date: Dec 04, 2024
Expiry Date: Mar 20, 2025
Sold Price: $470,000
Unavailable Date: Nov 07, 2024
Input Date: Sep 20, 2024
Property
Status: Sale
Property Type: Multiplex
Style: 2-Storey
Size (sq ft): 5000
Age: 51-99
Area: St. Thomas
Community: NW
Availability Date: Flexible
Assessment Amount: $202,000
Assessment Year: 2024
Inside
Bathrooms: 5
Rooms: 18
Den/Family Room: No
Air Conditioning: None
Fireplace: No
Washrooms: 5
Utilities
Electricity: Yes
Gas: Yes
Building
Basement: Unfinished
Heat Type: Forced Air
Heat Source: Gas
Exterior: Other
Water Supply: Municipal
Special Designation: Unknown
Parking
Driveway: Available
Garage Type: None
Covered Parking Spaces: 11
Total Parking Spaces: 11
Fees
Tax Year: 2024
Tax Legal Description: SEE REALTOR REMARKS
Taxes: $7,727
Highlights
Feature: Park
Feature: Public Transit
Land
Cross Street: St Catharine St and
Municipality District: St. Thomas
Fronting On: East
Parcel Number: 351750011
Pool: None
Sewer: Sewers
Lot Frontage: 32 Feet
Lot Irregularities: Front lot 32'xIrreg.
Acres: < .50
Zoning: C2
Very Walkable
- Most errands can be accomplished on foot.
Very Bikeable
- Most errands can be accomplished on bike.
Monsignor Morrison Separate School
Elementary: CatholicJune Rose Callwood Public School
Elementary: PublicForest Park Public School
Elementary: PublicLockes Public School
Elementary: PublicJohn Wise Public School
Elementary: PublicPierre Elliott Trudeau French Immersion Public School
Elementary: PublicArthur Voaden Secondary School
Secondary: PublicCentral Elgin Collegiate Institute
Secondary: PublicSt Joseph's High School
Secondary: CatholicRegina Mundi College
Secondary: CatholicParkside Collegiate Institute
Secondary: PublicSir Wilfrid Laurier Secondary School
Secondary: Public-
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