77 EAST Street, St. Thomas, Ontario, N5P2R4
Rare opportunity to acquire an 18-unit purpose-built apartment building in a prime St. Thomas location. Take advantage of a strong local economy and hot rental market. The property features 17 1-bedroom units and 1 bachelor unit. Six units have been recently renovated. Upper units have balconies with incredible views of Athletic Park. Solid concrete/steel construction, functional unit layouts, 2012 roof membrane, 2009 windows and ongoing improvements! Great opportunity to create value through renovations - approximately 52% upside in rental income. Detailed financials and further building information available. (id:2471)
- Property Address: 77 EAST Street, St. Thomas, Ontario, N5P2R4
- Property Type: Multi-family
- Zoning Description: R5, NH
- Title: Freehold
- Lot Size: 0.671
- Acreage: 0.671 ac|1/2 - 1.99 acres
- Sewage Type: Municipal sewage system
- Water Type: Municipal water
- Access: Highway access
- Amenities Nearby: Park, Public Transit, Schools
- Style: Detached
- Storeys: 3
- Floor Space: 10080
- Building Age: 1968
- Bedrooms: 17
- Bathrooms: 18-Total
- Basement Type: None
- Cooling: None
- Exterior Type: Brick, Concrete, Steel
- Backs on greenbelt
- Conservation/green belt
- Laundry- Coin operated
Listing Offices: PRIME REAL ESTATE BROKERAGE
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