St. Thomas, 232 ELM Street - For Sale, $3,650,000

$3,650,000 Sale

Listed 84 days ago

232 ELM Street

MLS® 40479196 Multi-family

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Beds · 23

Baths · 23.0

Parking · 22

Sqft · 15000

Est. mortgage

$13,847/mo

Key Facts

Key facts for 232 ELM Street

Property Type

Apartment

Parking

0 garage, 22 parking

MLS #

40479196

Size

15000 sqft

Basement

None

Listed on

Lot size

Tax

Days on Market

Year Built

Maintenance Fee

Description

FOR SALE: 23-unit, 3 story walk-up apartment building with potential to build up to 8 additional units on site! A report from a local planning firm suggests that increased density on this site would likely be supported given the sites characteristics, arterial road access and proximity to a major re...gional health care centre. With below market rents and a unique opportunity to turn over and renovate, this investment opportunity is full of potential. Nestled on 0.659 acres across from the St. Thomas Elgin General Hospital on an arterial road, this property offers tenants excellent transportation and a quiet neighbourhood. With Amazon opening shortly and the VW battery plant currently under construction, the local housing demand is only going to increase over the next decade. Don’t miss this opportunity to get in before demand pushes the market even higher. (id:10452)

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Full Property Details

Interior

Bedrooms

Washrooms

23.0

Square Footage

15000 sqft

Heating Type

Radiant heat

Air Conditioning

None

Full Bathrooms

Half Bathrooms

Bedrooms

Washrooms

23.0

Square Footage

15000 sqft

Heating Type

Radiant heat

Air Conditioning

None

Full Bathrooms

Half Bathrooms

Exterior

Acreage

1/2 - 1.99 acres

Parking Spaces

Total Parking Spaces

Garage Spaces

Acreage

1/2 - 1.99 acres

Parking Spaces

Total Parking Spaces

Garage Spaces

Building Description

Home Type

Apartment

Subtype

Multi-family

Exterior

Brick

Sewers

Municipal sewage system

Water Supply

Municipal water

Home Type

Apartment

Subtype

Multi-family

Exterior

Brick

Sewers

Municipal sewage system

Water Supply

Municipal water

Community

Area Code

St. Thomas

Area Code

St. Thomas

Taxes & Fees

Tax Year

Melissa Mason

Email: [email protected] Cell: 519-878-9249