Matthew Tenk
Broker of Record
77 East Street St. Thomas, Ontario N5P 2R4
$2,820,000
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 64% upside in rental income. Detailed financials and further building information available. (id:39551)
Property Details
| MLS® Number | 40332634 |
| Property Type | Multi-family |
| Amenities Near By | Park, Public Transit, Schools |
| Features | Backs On Greenbelt, Park/reserve, Conservation/green Belt, Laundry- Coin Operated |
| Parking Space Total | 18 |
Building
| Bathroom Total | 18 |
| Bedrooms Total | 17 |
| Basement Type | None |
| Constructed Date | 1968 |
| Construction Style Attachment | Detached |
| Cooling Type | None |
| Exterior Finish | Brick, Concrete, Steel |
| Fire Protection | Smoke Detectors |
| Fireplace Present | No |
| Heating Type | Hot Water Radiator Heat |
| Stories Total | 3 |
| Size Interior | 10080 |
| Utility Water | Municipal Water |
Land
| Access Type | Highway Access |
| Acreage | No |
| Land Amenities | Park, Public Transit, Schools |
| Sewer | Municipal Sewage System |
| Size Frontage | 155 Ft |
| Size Irregular | 0.671 |
| Size Total | 0.671 Ac|1/2 - 1.99 Acres |
| Size Total Text | 0.671 Ac|1/2 - 1.99 Acres |
| Zoning Description | R5, Nh |
https://www.realtor.ca/real-estate/24940765/77-east-street-st-thomas
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London and St. Thomas Association of REALTORS®
Prime Real Estate Brokerage
December 14 2022 01:29:55
