Property Information:
Exceptional multi-residential investment opportunity in the growing community of St. Thomas. This renovated apartment building features multiple residential units with strong rental demand and a desirable location close to downtown amenities, shopping, parks, schools, and public transit. The property offers investors a stable income-producing asset with a diversified tenant base and potential for future revenue growth through rental increases and operational efficiencies. The building has benefited from ongoing maintenance and capital improvements, helping to minimize near-term expenditures. Spacious suites, updated interiors, ample natural light, and on-site parking contribute to the property's appeal among renters. Situated in a market experiencing significant economic growth and investment, this asset presents an attractive opportunity for both private and institutional investors seeking long-term appreciation and dependable cash flow. Whether expanding an existing portfolio or acquiring a turnkey multi-family property, this offering combines current income, future upside potential, and a strategic location in one of Southwestern Ontario's fastest-growing rental markets. (id:27)
Building Features:
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Style:
Multiplex
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Air Conditioning:
Yes
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Basement Type:
None
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Exterior Finish:
Vinyl siding
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Floor Space:
13050 sqft
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Foundation Type:
Poured Concrete
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Heating Type:
Baseboard heaters, Radiant heat
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Heating Fuel:
Natural gas
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Cooling Type:
Wall unit
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Appliances:
Microwave