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Mike Taylor

mike@ninemilerealty.ca +1(705) 985-1110

Est. payment | -/mo

12 Beds

6 Baths

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Est. payment | -/mo

Save Virtual Tour

12 Beds

6 Baths

Key Details

Property Type Multi-Family

Sub Type Multiplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 5000 +

Subdivision St. Thomas

MLS Listing ID X12544280

Style 2 1/2 Storey

Bedrooms 12

Annual Tax Amount $8,934

Tax Year 2024

Property Sub-Type Multiplex

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.

Location

Province ON

County Elgin

Area Elgin

Zoning R4-6

Rooms

Family Room No

Basement Partial Basement

Kitchen 6

Interior

Interior Features Floor Drain, Separate Heating Controls

Cooling Wall Unit(s)

Inclusions 6 REFRIGERATORS, 6 STOVES

Exterior

Exterior Feature Controlled Entry, Landscaped

Parking Features Private

Pool None

View City

Roof Type Asphalt Shingle

Lot Frontage 87.47

Lot Depth 115.82

Total Parking Spaces 7

Building

Building Age 16-30

Foundation Concrete, Poured Concrete

Others

Senior Community No

Security Features Alarm System

ParcelsYN No

Virtual Tour https://listings.walkthrumedia.ca/sites/opzvvbq/unbranded

Listed by ROYAL LEPAGE TRILAND REALTY

Nearby Locations

We know the real estate landscape, the best neighbourhoods, and how to build the best relationships. We’re committed to delivering exceptional service based on years of industry expertise and the heartfelt desire to get it right.

+1(705) 985-1110

mike@ninemilerealty.ca

183 Bayfield St, Barrie, ON L4M 3B4, CAN

221 Highview DR St. Thomas, ON N5R 5H6

Mike Taylor

Key Details

Location

Rooms

Interior

Exterior

Building

Others

Nearby Locations

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