See all 12 photos
12 photos
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your advisor will contact you to discuss available opportunities.
In-PersonVirtual Tour
$1,600,000
Est. payment /mo
12 Beds
7 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 3000-3500
Subdivision St. Thomas
MLS Listing ID X12281644
Style 2-Storey
Bedrooms 12
Annual Tax Amount $7,204
Tax Year 2025
Property Sub-Type Multiplex
Property Description
Rare 7-Unit Investment Opportunity in Prime St. Thomas Location. This one-of-a-kind two-storey six-plex features all 2-bedroom units, plus a separate bachelor apartment in the basement for a possible total of 7 rental units and 7 bathrooms. One 2-bedroom unit can easily convert to a 3-bedroom ( including the bachelor pad as a bedroom) , offering additional income flexibility.Built in 1870 and extensively renovated in 2003, and four modern units added at the rear, along with the garage. The building exterior was stripped and professionally refinished in brick. Interior upgrades include tile flooring in all units, granite countertops, and jetted tubs in six units. Unit 1 features a high-end kitchen with plywood boxes and maple doors, and Unit 2 includes three skylights for added natural light.Enjoy efficient gas radiant heat, with wall-mounted units and 7 owned water heaters (4 recently replaced). Coin laundry is available on-site (machines replaced 3-4 years ago). All windows and entry doors are newer, and a metal roof was installed within the past 7 years on both the main building and the detached garage. The property backs onto the Elevated Park and sits next to the iconic Jumbo the Elephant, a popular landmark and tourist destination. There is parking for 9 vehicles, plus additional overnight parking across the street.A 600 sq ft garage includes 4 large storage units (1 allocated for tenant use). This turnkey investment offers strong income, low maintenance, and excellent visibility in a high-demand area. 2 units, plus the bachelor will be vacant for the new owner.,perfect opportunity to set new market rents. Financials available on request
Location
Province ON
County Elgin
Community St. Thomas
Area Elgin
Rooms
Family Room No
Basement Partially Finished, Apartment
Kitchen 7
Interior
Interior Features Separate Heating Controls, Separate Hydro Meter, Storage, Storage Area Lockers, Water Heater Owned, Carpet Free, Sump Pump
Cooling Window Unit(s)
Fireplace No
Heat Source Gas
Exterior
Exterior Feature Landscaped
Parking Features Private
Pool None
Roof Type Metal
Lot Frontage 52.75
Lot Depth 169.93
Total Parking Spaces 9
Building
Foundation Concrete
Read Less Info
Listed by ELGIN REALTY LIMITED