12 St Catharine Street St. Thomas, Ontario N5P 2V6
$499,900
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. (id:37319)
Property Details
| MLS® Number | X9361196 |
| Property Type | Retail |
| Community Name | NW |
| Farm Type | Other |
| Parking Space Total | 11 |
Building
| Fireplace Present | No |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Size Exterior | 6301 Sqft |
| Size Interior | 6301 Sqft |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Size Frontage | 32 Ft |
| Size Irregular | Bldg=32 Ft ; Front Lot 32'xirreg. Rear Lot 41'x109' |
| Size Total Text | Bldg=32 Ft ; Front Lot 32'xirreg. Rear Lot 41'x109' |
| Zoning Description | C2 |
https://www.realtor.ca/real-estate/27449346/12-st-catharine-street-st-thomas-nw
Interested?
Contact us for more information
Hoai Q Nguyen
Salesperson
931 Oxford Street East
London, Ontario N5Y 3K1
(519) 649-1888
(519) 649-1888
www.soldbyblue.ca/
Jessica Halsall
Salesperson
(226) 344-9412
931 Oxford Street East
London, Ontario N5Y 3K1
(519) 649-1888
(519) 649-1888
www.soldbyblue.ca/
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
London and St. Thomas Association of REALTORS®
Blue Forest Realty Inc.
October 09 2024 04:38:29
