75 Elm Street For Sale

St. Thomas, SE, N5R 1H7

$7,230,000

Description

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.

Location

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  • Address: 75 Elm Street
  • Neighborhood: SE
  • City: St. Thomas
  • State: Ontario
  • Postal Code: N5R 1H7

Property Details

  • Property ID: X9368180
  • Property Price: $7,230,000
  • Style: Investment, Apartment
  • Garage: Outside/Surface
  • Parking Spaces: 33
  • Year Built: 51-99
  • A/C: Y
  • Basement: N
  • Heating: Baseboard
  • Taxes: $51,909.22 (2023)
  • Lot: 383.59x128.88 (Feet)

Property History

This property has been sold 4 times before. To view this property's sale price history please sign in or register:


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Contact Manoj Kukreja

Sales Representative, Re/max Premier Inc., Brokerage
(647) 576 - 2100