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Chelsea Mann

[email protected] +1(250) 852-0977

$ 499,900

Est. payment -/mo

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12 ST CATHARINE STREET St. Thomas, ON N5P2V6

6,301 SqFt

UPDATED:

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 6,301 sqft

Price per Sqft $79

Subdivision Nw

MLS® Listing ID X9361196

Originating Board London and St. Thomas Association of REALTORS®

Property Description

Unique investment opportunity in the Downtown Core of St Thomas. Both properties are exclusively being sold together, one price for both! A VACANT 6300 Sq Ft building and a 41ft by 109ft rear lot (currently being rented as a parking lot). Both lots are under the same C2 zoning allowing for full commercial, full residential or mixed use. Architectural plans to convert the entire building into 11 residential units is included in the listing documents. After development, this would be an excellent candidate for refinancing under CMHC with a strong cashflow and no rent control (for new units). The rear lot would also provide sufficient parking for all units or can be redeveloped. Property is serviced by municipal water & sewers, natural gas and hydro. Building includes 6 breakers, 6 hydro meter bases, 3 gas meters, 3 furnaces and 8 existing points of entry. Excellent visibility in a family-friendly neighbourhood within steps to City Hall, Public Library, Westlake Evans Park, YMCA daycare, retail stores, restaurants, bars and public transit. (id:24570)

Location

Province ON

Interior

Heating Forced air

Exterior

Garage No

Waterfront No

View Y/N No

Total Parking Spaces 11

Private Pool No

Listed by BLUE FOREST REALTY INC.

Chelsea Mann

Advisor | License ID: 2196

+1(250) 852-0977

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