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12 St Catharine St

St Catharine St, St. Thomas, ON, N5P 2V6

-
Beds
5
Baths
4,999 - 99,999
Sq. Ft.
$499,900
List Price
Details
Photos
40
Comparables
History
12 St Catharine St, St. Thomas, ON - 1 of 3
12 St Catharine St, St. Thomas, ON - 2 of 3
12 St Catharine St, St. Thomas, ON - 3 of 3
New
4 days on market

Quick Summary

  • Unique investment opportunity in Downtown Core
  • Vacant 6300 sq ft building and 41ft x 109ft lot
  • C2 zoning allows for commercial, residential or mixed use
  • Architectural plans to convert to 11 residential units
  • Excellent candidate for CMHC refinancing with strong cashflow
  • Rear lot provides sufficient parking or redevelopment
  • Property serviced by municipal utilities and infrastructure
  • Excellent visibility in family-friendly neighborhood

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.... Show More

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:54626)

Property Details

Size

4,999 - 99,999 sq. ft.
across 2 floors
0 Beds
5 Baths
4 Full - 2 Partial

Parking

11 Parking Spaces
-

Build

Year Built
-
Model Name
-
Basement
Unfinished
Exterior
-
Foundation
Block
Builder Name
-
Stories
2
Flooring
-
Roof
-

Heating & Cooling

Heating
Forced air
Cooling
-

Utilities

Water
Municipal water
Sewer
Sanitary sewer
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Source

Listing Brokerage

MLS® Listing
X9361257
Last Updated
September 21, 2024
Brokerage
BLUE FOREST REALTY INC.
Powered by: REALTOR.ca
Call us 800-591-0566

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