196 Forest Avenue St. Thomas, Ontario N5R 2K5
$4,900,000
Rare 17-unit townhome investment opportunity with condo conversion potential. All 17 units have three bedrooms, ample parking and private backyards in a prime location just south of the downtown. The area's thriving amenities and proximity to schools and rapidly growing employment centers (including the VW Battery Plant and the new Amazon facility to name a few) make this location highly desirable. There is an excellent opportunity to increase revenue upon turnover of units with cosmetic renovations. Alternatively, there is the potential to separately title each unit and renovate each unit to sell at market value, creating even more ways to win with this investment. With the local rental market on the rise, these townhomes provide an appealing chance to capitalize on the growing demand and limited supply of housing. This property must be sold with 199 Forest Ave. There is a total of 17 units between the two properties. (id:45615)
Property Details
| MLS® Number | 40475070 |
| Property Type | Multi-family |
| Amenities Near By | Schools, Shopping |
| Community Features | High Traffic Area |
| Parking Space Total | 14 |
Building
| Bathroom Total | 17 |
| Bedrooms Total | 51 |
| Basement Development | Partially Finished |
| Basement Type | Full (partially Finished) |
| Construction Material | Wood Frame |
| Cooling Type | Wall Unit |
| Exterior Finish | Brick, Metal, Wood |
| Heating Type | Forced Air |
| Stories Total | 2 |
| Size Interior | 7800 |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Land Amenities | Schools, Shopping |
| Sewer | Municipal Sewage System |
| Size Frontage | 202 Ft |
| Size Total Text | Under 1/2 Acre |
| Zoning Description | R5-4 |
https://www.realtor.ca/real-estate/25995437/196-forest-avenue-st-thomas
302-200 Villagewalk Boulevard
London, Ontario N5X 0A6
(519) 473-9992
www.primebrokerage.ca
302-200 Villagewalk Boulevard
London, Ontario N5X 0A6
(519) 473-9992
www.primebrokerage.ca
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August 30 2023 01:30:03
London and St. Thomas Association of REALTORS®
Prime Real Estate Brokerage