221 HIGHVIEW DRIVE

$1,700,000

St. Thomas, St. Thomas, Ontario

  • 12 beds
  • 6 baths
Commercial · Multi-familyType
7Parking
Baseboard heaters, ElectricHeating
Wall unitCooling
293Days on market

About this property

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:66327)

Property details

Interior

Bedrooms
12
Bedrooms above grade
12
Bathrooms
6
Storeys
2.5
Basement
Partial
Appliances
Refrigerator, Stove

Exterior & parking

Structure type
Other
Architectural style
[]
Lot size
87.5 x 115.8 FT
Parking spaces
7
Parking features
No Garage
View
City view
Exterior features
Brick

Building & HOA

Heating
Baseboard heaters, Electric
Cooling
Wall unit

Financial & legal

List price
$1,700,000
Annual taxes
$8,935
Status
Active
MLS® number
X12544280

Location

City
St. Thomas
Neighbourhood
St. Thomas
Province
Ontario
Postal code
N5R5H6
Directions
Cross Streets: WELLINGTON STREET. ** Directions: Wellington to Highview North.

Mortgage calculator

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Listing data provided under the CREA Data Distribution Facility (DDF®). Information is deemed reliable but not guaranteed. REALTOR®, MLS® and associated logos are owned by The Canadian Real Estate Association (CREA).