$499,900
FOR SALE

Multiplex 2-Storey

Bathrooms: 5Lot: 32 x 0 ft
2024 Taxes: $7,726.98

12 St Catharine St
St. Thomas, ON N5P 2V6 | NW | Elgin

Unique investment opportunity in the Downtown Core of St Thomas. Both properties are exclusively being sold together, one price for both! A VACANT 6300 Sq Ft building and a 41ft by 109ft rear lot (currently being rented as a parking lot). Both lots are under the same C2 zoning allowing for full commercial, full residential or mixed use. Architectural plans to convert the entire building into 11 residential units is included in the listing documents. After development, this would be an excellent candidate for refinancing under CMHC with a strong cashflow and no rent control (for new units). The rear lot would also provide sufficient parking for all units or can be redeveloped. Property is serviced by municipal water & sewers, natural gas and hydro. Building includes 6 breakers, 6 hydro meter bases, 3 gas meters, 3 furnaces and 8 existing points of entry. Excellent visibility in a family-friendly neighbourhood within steps to City Hall, Public Library, Westlake Evans Park, YMCA daycare, retail stores, restaurants, bars and public transit.
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Listed By BLUE FOREST REALTY INC.
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number X9361257
Last Updated Sep 30, 2024
Property Summary
Property Type Multiplex

More like this:
PIN 351750011
Legal Description SEE REALTOR REMARKS
Possession Date Flexible
Taxes (2024) $7,726.98
Assessment (2024) $202,000
Directions/Cross Streets St Catharine St and Talbot St
Neighbourhood NW
Area Elgin
Price History

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Detailed Information
Fronting On E
Property Features Park, Public Transit
Special Designations Unknown
Bathrooms 5
Rooms 18
Lot 32 x 0 ft
Lot Irregularities Front lot 32'xIrreg. Rear lot 41'x109'
Acreage <.50
Approximate Square Footage 5000+
Approximate Age 51-99
Exterior Other
Air Conditioning None
Family Room N
Fireplace/Stove N
Pool None
Basement Unfinished
Drive Available
Garage Spaces 0.0
Garage Type None
Parking Spaces 11
Total Parking Spaces 11.0
Heat Source Gas
Heat Type Forced Air
Sewers Sewers
Utilities-Hydro Y
Utilities-Gas Y
Water Municipal
Zoning C2
Seller Property Info Statement N
Bathrooms
Pieces Level
2Main
22nd

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