221 Highview Drive, St. Thomas, ON N5R 5H6

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List Price
$1,700,000
MLS#
X12544280
Status
ACTIVE
Type
Multifamily
SubType
Multiplex
Style
2 1/2 Storey
Bedrooms
12
Bathrooms
6
Living Area
5000 +
Province
ON
Municipality
St. Thomas
Area
Elgin
Neighborhood
St. Thomas
Subdivision
Wellington Street

Property Description

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.

Additional Information

Taxes
$8,934
Heat Type
Baseboard
Heat Source
Electric
Air Conditioning
Wall Unit(s)
Kitchens
6
Exterior
Brick
Garage Type
None
Pool
None
Parking Spaces
7
Parking Type
Private

Mortgage Calculator

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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of ROYAL LEPAGE TRILAND REALTY.