Property Details
199 FOREST Avenue, St. Thomas, Ontario, N5R2K5
Broker
RE/MAX Centre City Realty Inc., Brokerage - St. Thomas
Cell: 519-495-4532
Tel: ST. THOMAS 519-633-1000 or PORT STANLEY 519-782-5505
$4,900,000 - For sale
Rare 17-unit townhome investment opportunity with condo conversion potential. All 17 units have three bedrooms, ample parking and private backyards in a prime location just south of the downtown. The area's thriving amenities and proximity to schools and rapidly growing employment centers (including the VW Battery Plant and the new Amazon facility to name a few) make this location highly desirable. There is an excellent opportunity to increase revenue upon turnover of units with cosmetic renovations. Alternatively, there is the potential to separately title each unit and renovate each unit to sell at market value, creating even more ways to win with this investment. With the local rental market on the rise, these townhomes provide an appealing chance to capitalize on the growing demand and limited supply of housing. This property must be sold with 199 Forest Ave. There is a total of 17 units between the two properties. (id:2471)
Location DescriptionTurn East onto Forest Avenue from First Ave.
- Property Address:199 FOREST Avenue, St. Thomas, Ontario, N5R2K5
- Property Type:Multi-family
- Title:Freehold
- Lot Size:1/2 - 1.99 acres
- Acreage:1/2 - 1.99 acres
- Sewage Type:Municipal sewage system
- Water Type:Municipal water
- Parking Space Total:12
- Bedrooms:51
- Bathrooms:17
- Floor Space:10800
- Heating Type:Forced air
- Storeys:2
- Basement Type:Full (Partially finished)
- Foundation Type:Block
- Cooling Type:Wall unit
- Exterior Type:Brick, Vinyl siding
- Amenities Nearby:Schools, Shopping
Broker
RE/MAX Centre City Realty Inc., Brokerage - St. Thomas
Cell: 519-495-4532
Tel: ST. THOMAS 519-633-1000 or PORT STANLEY 519-782-5505
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- Map 199 FOREST Avenue, St. Thomas, Ontario, N5R2K5
- Neighbourhood Information
199 FOREST Avenue, St. Thomas, Ontario, N5R2K5
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