$7,230,000
75 Elm ST St. Thomas, ON N5R 1H7
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$7,230,000
Est. payment /mo
1 SqFt
UPDATED:
09/30/2024 06:25 PM
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Pending
Purchase Type For Sale
Square Footage 1 sqft
Price per Sqft $7,230,000
MLS Listing ID X9368180
Annual Tax Amount $51,909
Tax Year 2023
Property Description
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.
Location
Province ON
County Elgin
Zoning R5
Interior
Cooling Yes
Exterior
Community Features Greenbelt/Conservation, Major Highway
Utilities Available Available
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Listed by LENNARD COMMERCIAL REALTY
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