75 Elm Street, St. Thomas | Image 1

75 Elm Street

St. Thomas, SE

  • Commercial

$X,XXX,XXX
For Sale

Added 1 month ago

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  • Type: Investment

  • Property Type: Commercial

  • Business Type: Apts-Over 20 Units

  • Zoning: R5

  • Age: 51-99 years

  • Taxes: 51909.22

  • MLS®#: X9368180

  • Days on Site: 2 Days

  • Added: Sep 25, 2024 (1 month ago)

  • Updated:

  • Last Checked: 4 hours ago

  • Listed By: LENNARD COMMERCIAL REALTY

Welcome to 75 Elm Street, St.Thomas. This 33 suite, 3 building residential apartment complex has been renovated from top to bottom. (3 level 14 units, motel style 11 units & 2 storey townhouse 8 units) It has 33 outdoor designated parking spots. It consists of 4-1 bedroom apartments, 29-2 bedroom apartments. Some of the recent renos include glass balconies, all new floorings in hallways & units. All new kitchen, bathrooms & all new appliances & much more. Separate hydro meters for all units paid by the tenant. Market rent. Controlled entry in main building, all buildings up to current fire code, ideally located on bus route, close to hospital, shopping, schools as well as employment. Tremendous opportunity for the investor looking for the perfect cash-flowing turn-key building.The 33rd unit is a service non-income producing unit that can be used as a superintendents accommodation.

Property

  • Status: Sale

  • Type: Apts-Over 20 Units

  • Property Type: Investment

  • Property Type: Apartment

  • Age: 51-99

  • Area: St. Thomas

  • Community: SE

  • Availability Date: TBD

  • Assessment Amount: $1,688,000

  • Assessment Year: 2023

Inside

  • Air Conditioning: Y

Utilities

  • Utilities: Available

Building

  • Basement: N

  • Heat Type: Baseboard

  • UFFI: No

  • Freestanding: Y

  • Outside Storage: Y

  • Water Supply: Municipal

Parking

  • Garage Type: Outside/Surface

  • Covered Parking Spaces: 33

Fees

  • Tax Year: 2023

  • Tax Legal Description: PT LT 1 S/S RDAL BTN CON 7 & 8 PL 27 ST. THOMAS AS

  • Taxes: $51,909

  • Taxes Type: Annual

Land

  • Cross Street: Parkside

  • Municipality District: St. Thomas

  • Parcel Number: 352350261

  • Lot Depth: 383.59 Feet

  • Lot Frontage: 128.88 Feet

  • Zoning: R5

Commercial Specific

  • Total Area: 1.18

  • Total Area Metric: Acres

  • Area Influence: Grnbelt/Conserv

  • Area Influence: Major Highway

  • Lot Code: Building

  • Survey: N

  • Soil Test: N

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Map of 75 Elm Street, St. Thomas
JK-8

Elgin Court Public School

Elementary: Public
1.37 km
JK-8

June Rose Callwood Public School

Elementary: Public
2.69 km
JK-8

Forest Park Public School

Elementary: Public
1.97 km
JK-8

St. Anne's Separate School

Elementary: Catholic
1.83 km
JK-8

John Wise Public School

Elementary: Public
0.74 km
K-8

Pierre Elliott Trudeau French Immersion Public School

Elementary: Public
1.14 km
9-12

Arthur Voaden Secondary School

Secondary: Public
1.83 km
9-12

Central Elgin Collegiate Institute

Secondary: Public
1.60 km
9-12

St Joseph's High School

Secondary: Catholic
2.29 km
9-12

Regina Mundi College

Secondary: Catholic
14.48 km
9-12

Parkside Collegiate Institute

Secondary: Public
0.94 km
9-12

Sir Wilfrid Laurier Secondary School

Secondary: Public
20.30 km