LOADING

77 East Street St. Thomas, Ontario N5P 2R4

17 Bedroom 18 Bathroom 10080
None Hot Water Radiator Heat

$2,970,000

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:45615)

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
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


PRIME REAL ESTATE BROKERAGE
302-200 Villagewalk Boulevard
London, Ontario N5X 0A6

(519) 473-9992
www.primebrokerage.ca

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