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$599,900
Est. payment /mo
2 Beds
1 Bath
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 700-1100
Subdivision St. Thomas
MLS Listing ID X13597086
Style Bungalow
Bedrooms 2
Annual Tax Amount $2,772
Tax Year 2025
Property Sub-Type Multiplex
Property Description
Exceptional Development Opportunity - 1.43 Acres in Growing St. ThomasDiscover the potential of this rare 1.43-acre property, ideally situated on a quiet dead-end street in a peaceful, established neighbourhood. The existing residential home provides the opportunity for rental income while you plan your future development. With the potential for a multi-residential building of up to three storeys (subject to municipal approvals), this property offers an outstanding opportunity for investors, developers, or anyone looking to build a long-term income-producing asset. It may also be well suited for a seniors' multi-unit housing project or other residential development opportunities. Located in the rapidly growing community of St. Thomas, you'll enjoy convenient access to everything the city has to offer, including restaurants, grocery stores, schools, medical services, and recreational amenities. Plus, Highway 401 is just a 20-minute drive away, providing excellent connectivity for commuters and residents alike. Don't miss this exceptional opportunity to invest in one of Southwestern Ontario's fastest-growing communities.
Location
Province ON
County Elgin
Area Elgin
Rooms
Family Room No
Basement None
Kitchen 1
Interior
Interior Features None
Cooling None
Fireplace No
Heat Source Gas
Exterior
Garage Spaces 4.0
Pool None
View Park/Greenbelt, Trees/Woods
Roof Type Asphalt Shingle
Lot Frontage 201.0
Total Parking Spaces 16
Building
Foundation Block
Others
ParcelsYN Yes
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Listed by RE/MAX Tri-County Realty Inc Brokerage
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