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$ 600,000
Est. payment /mo
Active
14 ST CATHARINE STREET St. Thomas, ON N5P2V6
6,300 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 6,300 sqft
Price per Sqft $95
Subdivision St. Thomas
MLS® Listing ID X12034111
Originating Board Toronto Regional Real Estate Board
Property Description
Discover a versatile 6,300 sq ft vacant building, zoned C2, with pre-approved architectural plans to convert the space into 10 or 11 modern residential units. This opportunity offers immediate upside for investors seeking a turnkey redevelopment project.Strategically located in the vibrant heart of downtown St. Thomas, the property boasts excellent visibility and is within steps of City Hall, the public library, parks, retail, dining, and transit. Comprehensive due diligence has been completed, including a clean ESA Phase 1 and a recent survey, ensuring confidence and readiness for development.Additionally, the asset features a rear lot currently operating as a parking area, which can be repurposed to support the residential conversion or for further redevelopment. With essential services like municipal water, sewers, natural gas, and hydro in place, this property provides a solid infrastructure foundation for a high-quality project.Seize the opportunity to transform this blank canvas into a thriving residential hub, and secure strong future returns in one of Ontarios most dynamic urban centers. (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating Other
Cooling Partially air conditioned
Exterior
Parking Features No
View Y/N No
Private Pool No
Listed by ROYAL LEPAGE BURLOAK REAL ESTATE SERVICES