75 Elm St - Apartments FOR SALE


St Thomas, ON N5R 1H7
$7,230,000 CAD
416-649-5938
75 Elm St, St Thomas, ON for Sale
$7,230,000 CAD
Apartments - FOR SALE
1/16
null | Request Cap Rate

75 Elm St
St Thomas, ON N5R 1H7


HIGHLIGHTS

  • 33 outdoor designated parking spots.
  • Controlled entry in main building
  • Ideally located on bus route, close to hospital, shopping, schools as well as employment

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$7,230,000 CAD

PRICE/SF

$225 CAD /SF

# OF UNITS

33

PRICE/UNIT

$219,091

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1991

PARKING SPACES

33

LAND DETAILS

LAND ACRES

1.18 AC

LAND SF

51,401 SF

ZONING

R5

APN/PARCEL ID

342104047012700

ASK ABOUT THIS PROPERTY

Gorby GhotraLennard Commercial RealtyMore Info
416-649-5938

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Gorby GhotraLennard Commercial RealtyMore Info
416-649-5938

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.