ON > St. Thomas
St. Thomas, ON N5R 1H7,75 Elm ST
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Jeff Somlo

Jeff Somlo

+1(647) 998-3693
$ 7,230,000
Est. payment /mo
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Pending

75 Elm ST St. Thomas, ON N5R 1H7

1 SqFt

UPDATED:

09/30/2024 06:25 PM

Key Details

Property Type Commercial

Sub Type Investment

Listing Status Pending

Purchase Type For Sale

Square Footage 1 sqft

Price per Sqft $7,230,000

MLS Listing ID X9368180

Annual Tax Amount $51,909

Tax Year 2023

Property Description

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

Province ON

County Elgin

Community Se

Area Elgin

Zoning R5

Region SE

City Region SE

Interior

Cooling Yes

Exterior

Community Features Greenbelt/Conservation, Major Highway

Utilities Available Available

Listed by LENNARD COMMERCIAL REALTY
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75 Elm ST