St. Thomas Real Estate | St. Thomas Multi-Family Homes for Sale

Open House Sunday July 26th 1-3. Up and down duplex in Courthouse location. Upper unit is vacant. Main level is currently rented for $1,150.00 + hydro. Could easily be converted to single family residential. Main floor includes, two bedrooms, back kitchen with easy access to back deck, spacious living room, and front dining room. Second floor provides 2 bedrooms, living room, good size kitchen, and 3 pc bath. Other features covered front porch, large back deck, updated doors at back, gutter guards on troughs, onsite laundry accessible from both units. Laundry is currently included in main floor tenants rent. Tenant is month to month. Upper unit was rented for $1,000.00 / month + hydro. Owner pays for heat, water and some of the hydro. Vacant possession is possible, but all Landlord Tenant Board rules must be followed. (id:5764)

17 Prince Albert Street, St. Thomas

Listing courtesy of ELGIN REALTY LIMITED.

$599,900

2 Beds ⋅ 1 Baths ⋅ X13597086 MLS® #

Exceptional Development Opportunity - 1.43 Acres in Growing St. ThomasDiscover the potential of this rare 1.43-acre property, ideally situated on a quiet dead-end street in a peaceful, established neighbourhood. The existing residential home provides the opportunity for rental income while you plan your future development. With the potential for a multi-residential building of up to three storeys (subject to municipal approvals), this property offers an outstanding opportunity for investors, developers, or anyone looking to build a long-term income-producing asset. It may also be well suited for a seniors' multi-unit housing project or other residential development opportunities. Located in the rapidly growing community of St. Thomas, you'll enjoy convenient access to everything the city has to offer, including restaurants, grocery stores, schools, medical services, and recreational amenities. Plus, Highway 401 is just a 20-minute drive away, providing excellent connectivity for commuters and residents alike. Don't miss this exceptional opportunity to invest in one of Southwestern Ontario's fastest-growing communities. (id:5764)

6 Pearl Street, St. Thomas

Listing courtesy of RE/MAX Tri-County Realty Inc Brokerage.

$599,900

5 Beds ⋅ 3 Baths ⋅ X13536296 MLS® #

INVESTMENT OPPORTUNITY AWAITS - This turnkey Duplex with a legal basement apartment is located on a large 70' wide lot on a quiet street in the heart of St Thomas and close to all amenities. MAIN FLOOR UNIT - Accessed through the side door, this unit features 2 Bedrooms, Livingroom, Kitchen with Refrigerator and Stove included, and 4 Piece Bath - Currently vacant but lease potential of $1,800 per month Plus 1/2 Hydro. UPPER UNIT - Accessed through the front door, this unit features 2 Bedrooms, Livingroom, Kitchen with Refrigerator and Stove included and a 3 piece Bath - Currently leased at $1,550 per month on a month - month basis plus hydro. BASEMENT UNIT - Access is through the rear door and features 1 Bedroom with a fire coded egress window, Livingroom, Kitchen with Refrigerator and Stove included, and a 3 Piece Bath - Currently vacant but lease potential of $1,200 per month + 1/2 hydro. UTILITIES - Landlord pays for Enbridge gas heat and common hydro usage, 3 electrical meters - one for upper, one for main and basement and 1 for common area and the 3 Hot water tanks are owned. OUTSIDE - The double wide paved drive is large enough to handle 3-4 vehicles with access to the Garage for storage of lawn equipment. LAUNDRY - A condensing Washer and Dryer unit is located in each unit for use by the tenants. SAFETY - Smoke and CO Detectors on all 3 levels are linked to provide added safety. INCOME AND EXPENSES - Based on 2025 costs - Insurance $2,787.92, Enbridge Gas $1,079.36, Property Taxes $2,738.00, Entegrus hydro/water/sewer $1,152 offering a 6.5% CAP Rate. ADDITIONAL RESIDENTIAL UNITS - Explore adding Additional Residential Units in the rear / side yard or possibly severing the side yard to increase the investment potential of this property. NEXT STEPS - With the explosive growth happening in St Thomas, don't wait to schedule an appointment today to checkout your next invest opportunity (id:5764)

40 Barnes Street, St. Thomas

Listing courtesy of COLDWELL BANKER STAR REAL ESTATE.

$649,900

4 Beds ⋅ 3 Baths ⋅ X13497552 MLS® #

BEAUTIFULLY UPDATED family home has many upgrades, the main floor gourmet kitchen and spacious principle rooms will accommodate the growing family. The lower level has a finished rec room with a potentially 3rd bedroom. Double car garage for more storage or hobbies. This property would make a great owner occupied property with the upper rent helping pay your mortgage. Lots of room for your whole family. Fenced yard. NEW HIGH EFFICIENCY FURNACE & A/C RECENTLY INSTALLED. (id:5764)

57 ROSEBERY Place, St. Thomas

Listing courtesy of RIGHT AT HOME REALTY.

$1,049,900

12 Beds ⋅ 4 Baths ⋅ X13490074 MLS® #

A rare opportunity to acquire a fully legal and vacant 4-plex in the growing city of St. Thomas, allowing the new owner to establish market rents from day one. This updated building offers an attractive unit mix: one 4 bedroom unit, two 3 bedroom units, and one 2 bedroom unit. Major improvements over the past 10 years include updated kitchens, modernized electrical with 100 amp service per unit, interior and exterior waterproofing, an updated roof with 50 year shingles, updated windows, refinished floors, fresh paint, updated exterior doors, and renovated bathrooms in three of the units. Additional features include basement storage, owned water heaters, municipal sewer connection, and in-unit laundry potential. Set on a large 0.59 acre lot, the property also offers underutilized land with possible future development, subject to approvals. Located minutes from parks, schools, shopping, downtown St. Thomas, London, and Hwy 401. St. Thomas continues to grow as a Southwestern Ontario investment market, supported by major regional employers including Volkswagen/PowerCo, Amazon, and Magna/Formet, along with ongoing downtown revitalization and long-term housing demand. With vacant possession, a legal 4-plex configuration, extensive updates, and future upside, 50 Fairview is a compelling turnkey investment opportunity. (id:5764)

50 FAIRVIEW Avenue, St. Thomas

Listing courtesy of ROYAL LEPAGE TRILAND REALTY.

$800,000

6 Baths ⋅ X13484876 MLS® #

Welcome to 33 Station located in growing St. Thomas. This six-unit building offers an exceptional opportunity for savvy investors. Comprised of 2 x three-bedroom units, 2 x two-bedroom units, and 2 x one-bedroom units. The building features seven hydro meters, one water meter, and one gas meter, ensuring efficient utility management. Recent updates include windows, kitchens, bathrooms, electrical, and plumbing. St. Thomas is experiencing a surge in development, making it a hot spot for investors. Major projects such as the new VW Battery Plant and the Amazon Facility are driving economic growth and attracting a robust workforce. The great tenant profile currently residing in the building offers stability, with room for rent increases, further increasing the income potential. Located in a thriving area with easy access to essential amenities, public transportation, schools, and parks. The combination of solid income, future development opportunities, and a prime location makes this property an excellent addition to any investment portfolio. Don't miss out on this fantastic opportunity. (id:5764)

33 Station Street, St. Thomas

Listing courtesy of KELLER WILLIAMS LIFESTYLES.

$544,900

5 Beds ⋅ 4 Baths ⋅ X13467744 MLS® #

Welcome to 92 Forest Ave, a charming 2.5-storey brick home in the heart of St. Thomas, full of character, flexibility, and opportunity. Currently configured as a duplex with two separately metered units, this versatile property is ideal for multi-generational living, rental income, or investment potential. Zoning also permits a triplex, and the home could easily be converted back into a spacious single-family residence with up to 5 bedrooms above grade. Original details shine throughout, including beautiful stained-glass windows that add warmth and timeless charm. The bright upper-level suite features a private entrance, eat-in kitchen, 4-piece bathroom, mudroom/laundry area, and a spacious loft-style bedroom with a walk-in closet and room for an office, reading nook, or creative space. The main unit offers three bedrooms, a welcoming sunroom, comfortable living and dining rooms, a functional kitchen, and a main bathroom with in-floor heating and an accessible bathtub with grab bars and seating. In total, the main unit offers 2.5 bathrooms. The basement adds flexibility with a dedicated office, laundry area, storage space, utility room, and a 3-piece bathroom. Recent updates include electrical improvements, all new windows, new attic subfloor, updated flooring and baseboards, new carpet, modern lighting, fresh paint, added insulation, interior doors, an updated powder room, completed brick pointing, and energy-efficient mini-split systems providing year-round heating and cooling. Outside, a shared driveway leads to an oversized one-car garage/workshop complete with 60-amp electrical service and a gas hookup, making it ideal for hobbyists, tradespeople, or additional storage. Beyond the garage, the fully fenced backyard offers a private space to relax, entertain, garden, or enjoy with family and pets. A rare opportunity to own a character-filled property with exceptional versatility and future potential. (id:5764)

92 Forest Avenue, St. Thomas

Listing courtesy of RE/MAX CENTRE CITY REALTY INC..

$374,900

4 Beds ⋅ 2 Baths ⋅ X13420090 MLS® #

Located close to downtown St. Thomas and everyday amenities, this up-and-down duplex offers an excellent opportunity for investors or owner-occupiers looking to generate rental income. Featuring two self-contained 2-bedroom units, each with separate entrances, dedicated parking, and access to their own laundry facilities.A standout feature of this property is that each unit is separately metered for hydro, heat, and water, with tenants responsible for their own utilities. Both upper and lower units include a family room, eat-in kitchen, full bathroom, basement storage and laundry. Appliances included are 2 fridges, 2 stoves, 2 washers, and 2 dryers. Both units are currently occupied on a month to month lease. Conveniently situated near shopping, restaurants, schools, and transit. Whether you're looking to expand your investment portfolio or get started in income property ownership, this duplex offers solid potential in a desirable St.Thomas location. (id:5764)

46 Elgin Street, St. Thomas

Listing courtesy of ELGIN REALTY LIMITED.

$649,900

3 Beds ⋅ 4 Baths ⋅ X13242972 MLS® #

This beautiful red brick 2 1/2 storey house has commercial income on the main floor, a 2 bedroom upper unit and a 1 bedroom rear main floor unit. It has a single car attached garage and a fenced yard for the main floor rear unit. All the reno's that have been completed are high quality and were done professionally. (id:5764)

24 HINCKS Street, St. Thomas

Listing courtesy of RIGHT AT HOME REALTY.

$699,900

7 Beds ⋅ 4 Baths ⋅ X13242960 MLS® #

Extensively renovated 4 plex with high end finishings with state of the art utility systems. Separate hydro and water meters for all units. Hot water for the building is metered through Unit 1 meter. All reno's that have been completed were done professionally. Solid surface kitchen counters, updated kitchen cabinets and updated bathrooms. Walk to all amenities. Schools and shops near by. Major factories coming to St Thomas include 1. PowerCo SE (Volkswagen Group) EV Battery Gigafactory, 2. Vianode Synthetic Graphite Plant, and 3. Element5 Mass Timber Expansion. (id:5764)

82 WELLINGTON Street, St. Thomas

Listing courtesy of RIGHT AT HOME REALTY.

$3,800,000

33 Beds ⋅ 18 Baths ⋅ 40836039 MLS® #

Exceptional multi-residential investment opportunity in the growing community of St. Thomas. This renovated apartment building features multiple residential units with strong rental demand and a desirable location close to downtown amenities, shopping, parks, schools, and public transit. The property offers investors a stable income-producing asset with a diversified tenant base and potential for future revenue growth through rental increases and operational efficiencies. The building has benefited from ongoing maintenance and capital improvements, helping to minimize near-term expenditures. Spacious suites, updated interiors, ample natural light, and on-site parking contribute to the property's appeal among renters. Situated in a market experiencing significant economic growth and investment, this asset presents an attractive opportunity for both private and institutional investors seeking long-term appreciation and dependable cash flow. Whether expanding an existing portfolio or acquiring a turnkey multi-family property, this offering combines current income, future upside potential, and a strategic location in one of Southwestern Ontario's fastest-growing rental markets. (id:5764)

14 HOLLAND Street, St. Thomas

Listing courtesy of COLDWELL BANKER PETER BENNINGER REALTY.

$464,900

6 Beds ⋅ 3 Baths ⋅ X13121330 MLS® #

Two semi-detached homes under one ownership! Welcome to 67-69 Elizabeth Street located in the lovely city of St. Thomas! Fully tenanted and with a cap rate of just above 6%, this property pays for itself and makes it the perfect opportunity for investors to grow your portfolio. 67 Elizabeth features plenty of natural light with an open concept on the main level, 3 bedrooms, 1.5 baths and an attic space which could be used as an additional loft when finished. 69 Elizabeth features 3 bedrooms, 1 bath and is home to long term tenants who manage both the landscaping and snow removal! This home is located near downtown St. Thomas, has easy access to the highway, shopping, restaurants, parks, the new Amazon Distribution Centre, and the upcoming VW Plant! With monthly rental income of $3,000, $1,800 plus gas and electricity from unit 67 and $1,200 plus gas and electricity from unit 69, this property pays for itself. Don't miss the chance to add to your investment portfolio! Recent work has been done: Sump Pump Installation with 1/2 HP Back-Up Sump Pump, Sump Pit/Cover and Internal Water Management System with (approx.) 32 feet. Internal Drainage System, Weepers connected to new Sump and Air Gap Drainage Membrane installed (id:5764)

67-69 Elizabeth Street, St. Thomas

Listing courtesy of ELGIN REALTY LIMITED.

$499,999

3 Beds ⋅ 3 Baths ⋅ X13109596 MLS® #

An exceptional opportunity to own a well-maintained and extensively updated triplex offering strong income potential and long-term investment stability. This property features three self-contained 1-bedroom units, private outdoor spaces, and numerous capital improvements throughout. Unit 1 - (Main Floor) Front Bright and inviting 1-bedroom unit featuring a covered front porch. Long-term month-to-month tenant currently paying $698/month + hydro. Unit 2 - (Upper Unit) 1-bedroom unit with a private balcony. Currently leased at $1,035.32/month + hydro. Unit 3 - (Main Floor Back) Fully renovated in 2023 with a modern open-concept layout, this stylish 1-bedroom unit includes a covered porch and large private rear deck. Currently vacant, providing an excellent opportunity to set market rent or occupy yourself. Additional income is generated through a coin-operated washer and dryer installed in 2021, averaging approximately $800-$1,000 annually. Recent Updates Include: Shingles (2019), Main porch railing (2020), Front door with keyless entry (2020), Most windows replaced, Main floor front unit renovation (2020), including flooring, paint, trim, and bathroom updates, Upper unit flooring updates (2021), New furnace with dual heat control (November 2021), Owned water heaters. This property also offers two driveways with parking for three vehicles. Covered porches and private outdoor areas enhancing tenant appeal and overall value. A turnkey addition to any investment portfolio with reliable rental income, quality tenants, and significant recent improvements. (id:5764)

23 Barnes Street, St. Thomas

Listing courtesy of BLUE FOREST REALTY INC..

$429,900

5 Beds ⋅ 4 Baths ⋅ X13109744 MLS® #

An exceptional opportunity to acquire a solid, income-producing legal fourplex offering both stability and upside potential. Three of the four units are occupied by long-term tenants, providing consistent rental income and low turnover. The remaining 2 bedroom unit has been newly updated and is currently vacant-ideal for an owner-occupant or the seller will guarantee market rent of approximately $1,600 until the end of September while the new owner finds a tenant to occupy the unit. The property features four separate hydro metres, a brand new boiler installed in 2024, and is in a great central location close to schools, shopping, and all of your amenities. The potential yearly rental income with the property fully tenanted is just under $40,000 with an NOI of just under $30,00 and boasts a potential cap rate of 6.76%. Don't miss out on this excellent investment opportunity in the heart of St. Thomas. Book you private showing today! (id:5764)

35-37 Kains Street, St. Thomas

Listing courtesy of ELGIN REALTY LIMITED.

$609,900

5 Beds ⋅ 2 Baths ⋅ X13076554 MLS® #

A prime opportunity to own a turnkey, cash-flowing duplex on the south edge of St. Thomas - fully renovated, professionally positioned, and generating immediate income from day one. Configured as a 3-bedroom upper unit and a 2-bedroom lower unit, both units have been completely updated in 2024, delivering a true "plug-and-play" investment. Interior improvements include brand new kitchens with quartz countertops, updated cabinetry, subway tile backsplashes, refreshed bathrooms, new flooring throughout, and in-suite laundry in both units - a level of finish that not only attracts quality tenants, but helps support long-term rent stability. From a numbers standpoint, the property is currently producing $3,790/month in gross rental income, with a clear path to $3,990/month based on achievable market rents. After accounting for approximately $1,044/month in operating expenses, this results in a net operating income of ~$2,745/month ($32,951 annually) on current rents, and ~$2,945/month ($35,351 annually) at market rents. At the current list price, this translates to a 5.9% cap rate based on actual income, with the ability to push into the 6.3% range as rents are optimized - offering both immediate return and built-in upside. Operationally, the property is well thought out. Each unit benefits from its own dedicated heating and cooling system, helping reduce tenant overlap and simplifying expense management - with the upper unit serviced by a forced air furnace and central A/C, and the lower unit equipped with heat pumps (with integrated AC) and baseboard as backup. Combined with separate hydro meters and parking for up to 5 vehicles, this is a low-friction asset from a management standpoint. Location plays a key role here as well. Positioned on the south edge of St. Thomas, tenants have access to a wide range of schools, parks, walking trails, and everyday amenities - a consistently desirable area that supports tenant demand and long-term occupancy. (id:5764)

56 Leger Avenue, St. Thomas

Listing courtesy of PRIME REAL ESTATE BROKERAGE.

$699,000

6 Beds ⋅ 4 Baths ⋅ X13013136 MLS® #

Solid Brick Legal Fourplex for Sale. This well-maintained investment property offers two 1-bedroom units and two 2-bedroom units, all with long-term tenant retention. Tenants pay their own hydro and water. Additional features include private upper and lower sun decks for each unit, along with ample parking for all residents. Mature 20-ft cedar hedges provide exceptional privacy. The property is heated by a newer computerized gas hot water heating system, delivering excellent cost efficiency. The hot water heating System is rented, with all servicing and parts included. An excellent opportunity to acquire a turnkey, income-generating fourplex in a desirable and quiet neighborhood. Unit 3 has been recently updated with new kitchen cabinets, countertops, vinyl flooring, and a brand-new tub surround. (id:5764)

7 Church Street, St. Thomas

Listing courtesy of BLUE FOREST REALTY INC..

$931,500

8 Beds ⋅ 4 Baths ⋅ X12963218 MLS® #

Purpose-built fourplex situated on a large lot in the growing community of St. Thomas is conveniently located close to parks, schools, shopping, and all of your amenities. This property presents an excellent opportunity for investors seeking a solid, income-generating asset. This well-maintained property features multiple key upgrades, including a durable metal roof, newer weeping tile, and a recently installed sump pump for added peace of mind. Each 2 bedroom unit benefits from separate electrical panels and individual water heaters, offering efficiency and reduced operating complexity. A turnkey addition to any portfolio with strong fundamentals in a high-demand rental market. Unit 1 $756/month, Unit 2 $863/month Unit 3 $1490/month, and Unit 4 $1502/month all plus utilities. (id:5764)

79 Joyce Street, St. Thomas

Listing courtesy of ELGIN REALTY LIMITED.

$489,900

5 Beds ⋅ 3 Baths ⋅ X12944236 MLS® #

Presenting 93 Myrtle St a well-constructed, architecturally distinctive 2.5-story all-brick legal duplex, commanding a presence in a highly desirable, established neighbourhood in St Thomas. This property is an exceptional, revenue-generating asset defined by its impeccable maintenance and abundant inherent character throughout. The building is configured into two distinct, self-contained dwellings, with the main floor rented for $1595 plus a $50 flat fee for gas, and the upper rented for $1595 plus a $50 flat fee for gas. The spacious upper unit offers three generously sized bedrooms, while the comfortable lower unit features two dedicated bedrooms. Both residences benefit from their own separate kitchens and baths and laundry, ensuring maximum privacy and tenant appeal. A key advantage for ownership and tenancy management is the complete independence of utilities, including separate furnaces and hydro meters. This turnkey investment has been recently enhanced with significant capital improvements, including a newer roof , many newer windows, and dedicated upper and lower patios, providing private, desirable outdoor spaces for each unit. With its robust construction, essential utility separation, and prime location, this duplex represents a superior opportunity for an investor seeking a stable, high-quality addition to their portfolio. (id:5764)

93 Myrtle Street, St. Thomas

Listing courtesy of ROYAL LEPAGE TRILAND REALTY.

$514,000

3 Beds ⋅ X12921172 MLS® #

Calling all investors!! This all-brick turnkey TRIPLEX is cash flowing very nicely at current interest rates. All three units feature 1 bedroom and 1 bathroom and comes fully tenanted with A+ tenants. Investors will love the separately metered hydro, water and gas for all units(gas meters for Units 1 & 2, Unit 3 has electric heat and no gas). Units 2 and 3 have had plenty of updates/upgrades in the past 5 years such as floors, kitchens, appliances and lighting fixtures. Unit 1 received a new kitchen, including new fridge, dishwasher and microwave range hood, laminate flooring in kitchen and bathroom, as well as tub surround and bathroom sink just 3 years ago. Unit one also has direct access to a fenced in backyard. Each unit has their own hot water tank and a separate furnace for Units 1 & 2. A shared laundry facility is located in the shared basement area that stays perfectly dry due to moisture barriers installed. Current rents are $820, $1375 and $1275 per month ($41,640 Annually) and tenants cover all utilities other than the common area/basement (landlord pays roughly $30-$50/mo). There is an outdoor fire escape ladder for Units 2 & 3. The time to purchase this amazing TURNKEY investment property is NOW, as St Thomas is poised for growth for years to come with the massive VW Battery Plant currently under construction. (id:5764)

38 HINCKS Street, St. Thomas

Listing courtesy of PRIME REAL ESTATE BROKERAGE.

$514,000

3 Beds ⋅ 3 Baths ⋅ X12921170 MLS® #

Calling all investors!! This all-brick turnkey TRIPLEX is cash flowing very nicely at current interest rates. All three units feature 1 bedroom and 1 bathroom and comes fully tenanted with A+ tenants. Investors will love the separately metered hydro, water and gas for all units(gas meters for Units 1 & 2, Unit 3 has electric heat and no gas). Units 2 and 3 have had plenty of updates/upgrades in the past 5 years such as floors, kitchens, appliances and lighting fixtures. Unit 1 received a new kitchen, including new fridge, dishwasher and microwave range hood, laminate flooring in kitchen and bathroom, as well as tub surround and bathroom sink just 3 years ago. Unit one also has direct access to a fenced in backyard. Each unit has their own hot water tank and a separate furnace for Units 1 & 2. A shared laundry facility is located in the shared basement area that stays perfectly dry due to moisture barriers installed. Current rents are $820, $1375 and $1275 per month ($41,640 Annually) and tenants cover all utilities other than the common area/basement (landlord pays roughly $30-$50/mo). There is an outdoor fire escape ladder for Units 2 & 3. The time to purchase this amazing TURNKEY investment property is NOW, as St Thomas is poised for growth for years to come with the massive VW Battery Plant currently under construction. (id:5764)

38 Hincks Street, St. Thomas

Listing courtesy of PRIME REAL ESTATE BROKERAGE.

$1,695,000

14 Beds ⋅ 12 Baths ⋅ X12916728 MLS® #

Brand new purpose-built 4-plex in St. Thomas. Located just minutes to London, Hwy 401, and Port Stanley beaches, this custom new build features 5500+ Sq ft of luxury finishes throughout. Always Fully Rented - Current income $112,800/year ($2300,$2400,$2500,$2200). Each side-by-side unit features a mirrored floor plan with 3 bedrooms, 2.5 baths, open-concept layout, and walkout to rear parking. All units include high ceilings, quartz countertops, upgraded lighting, in-suite laundry, and brand new appliances. Separately metered for all services with tenants paying all utilities. All paved wtih 5 parking spaces . Located near major employers including the VW EV battery plant and Amazon centre. Strong cash flow in a high-demand rental market, multi-generational living, or ideal live in with income! Note: very low property taxes and general out door maintenance. High quality construction. An excellent building to add to your portfolio! 6.1% CAP Rate! (id:5764)

109 Ross Street, St. Thomas

Listing courtesy of CENTURY 21 FIRST CANADIAN CORP.

$2,999,000

24 Beds ⋅ 12 Baths ⋅ X12545818 MLS® #

Well-maintained 12-unit apartment building ideally located directly across from Elgin Mall. Select units have been fully updated, featuring granite countertops, stainless steel appliances, dishwashers, and microwave ovens. Each apartment offers a private balcony and is plumbed for in-suite laundry. All units are individually metered for hydro. The property has been well cared for and is in excellent overall condition, making it a solid investment opportunity in a prime, high-visibility location. (id:5764)

70 STOKES Road, St. Thomas

Listing courtesy of ROYAL LEPAGE TRILAND REALTY.

$1,700,000

12 Beds ⋅ 6 Baths ⋅ X12544280 MLS® #

A rare opportunity for investors seeking a high-quality, cash-flowing asset in a prime location. This purpose-built six-unit apartment building is constructed with solid concrete floors and exterior walls, with each suite functioning as its own fire-rated compartment-delivering exceptional durability, safety, sound attenuation, and long-term value. Ideally located directly across from Elgin Mall, the property offers tenants outstanding convenience with shopping, public transit, and everyday amenities just steps away, supporting strong and consistent rental demand. Each updated unit features a modern, durable finish package including stainless steel appliances, tiled flooring throughout, porcelain-tiled kitchens, plank porcelain bathroom tile, and all-wood trim and doors that provide a warm, contemporary feel while minimizing maintenance. The building is designed for efficient ownership, offering on-site coin-operated laundry in the lower level for additional income, individual water heaters in each unit, and separate hydro meters-allowing for simplified management and greater control over operating costs. Whether you are expanding an established portfolio or acquiring a stable, low-maintenance investment, this well-built and well-located apartment building represents an excellent long-term opportunity. (id:5764)

221 Highview Drive, St. Thomas

Listing courtesy of ROYAL LEPAGE TRILAND REALTY.

St. Thomas Multi-Family Properties for Sale

Newest St. Thomas Multi-Family Homes for Sale

Geoff Knight

Search

Resources

About