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$600,000
Available - For Sale
Listing ID: X12034111
Discover a versatile 6,300 sq ft vacant building, zoned C2, with pre-approved architectural plans to convert the space into 10 or 11 modern residential units. This opportunity offers immediate upside for investors seeking a turnkey redevelopment project.Strategically located in the vibrant heart of downtown St. Thomas, the property boasts excellent visibility and is within steps of City Hall, the public library, parks, retail, dining, and transit. Comprehensive due diligence has been completed, including a clean ESA Phase 1 and a recent survey, ensuring confidence and readiness for development.Additionally, the asset features a rear lot currently operating as a parking area, which can be repurposed to support the residential conversion or for further redevelopment. With essential services like municipal water, sewers, natural gas, and hydro in place, this property provides a solid infrastructure foundation for a high-quality project.Seize the opportunity to transform this blank canvas into a thriving residential hub, and secure strong future returns in one of Ontarios most dynamic urban centers.
Price $600,000
Taxes: $7,726.98
Tax Type: Annual
Occupancy by: Vacant
Address: 14 St Catharine Stre , St. Thomas, N5P 2V6, Elgin
Postal Code: N5P 2V6
Province/State: Elgin
Legal Description: LT 3-4 PL 182 ST. THOMAS; PT LT 5-6 PL 1
Directions/Cross Streets: St Catharine & Talbot
No. of Pieces Level
Washroom 1:  0
Washroom 2:  0
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Washroom 6:  0
Washroom 7:  0
Washroom 8:  0
Washroom 9:  0
Washroom 10:  0
Category: Apartment
Use: Apts - 6 To 12 Units
Building Percentage: T
Total Area: 6,300
Total Area Code:  Square Feet
Approximatly Age: 51-99
Maintenance: 0
Heat Type: Gas Forced Air Open
Central Air Conditioning: Partial
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Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
ROYAL LEPAGE BURLOAK REAL ESTATE SERVICES

14 St Catharine Stre , St. Thomas, N5P 2V6, Elgin


 
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At a Glance:
Type: Com - Investment
Area: Elgin
Municipality: St. Thomas
Neighbourhood: St. Thomas
Style:
Lot Size: x 162.00(Feet)
Approximate Age: 51-99
Tax: $7,726.98
Maintenance Fee: $0
Beds: 0
Baths: 0
Garage: 0
Fireplace: N
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