$499,900 FOR SALE

Commercial/Retail

Lot: 32 x 0 ftTotal Area: 6,301 ft2
2024 Taxes: $7,726.98

12 St Catharine St
St. Thomas, ON N5P 2V6 | NW | Elgin

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.

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Listed By BLUE FOREST REALTY INC.
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number X9361196
Last Updated Oct 02, 2024
Property Summary
Property Type Commercial/Retail

More like this:
Category Multi-Use
PIN 351750011
Legal Description Plan 182 Lots 2 and 4 PT Lot 5
Occupancy Vacant
Possession Date Flexible
Taxes (2024) $7,726.98
Tax Type Annual
Assessment (2024) $202,000
Directions/Cross Streets St Catharine St and Talbot St
Neighbourhood NW
Area Elgin
Price History
Interested in obtaining the full price history for this property?
Contact us!Contact us! Our real estate professionals would be happy to provide a complete listing history with historical sold prices and dates.

Detailed Information
Freestanding Y
Lot 32 x 0 ft
Lot Irregularities Front lot 32'xIrreg. Rear lot 41'x109'
Retail Area 5,550 ft2
Total Area 6,301 ft2
Air Conditioning N
Garage Type None
Parking Spaces 11
Heat Type Gas Forced Air Closd
Sprinklers N
Utilities Y
Water Municipal
Lot/Bldg/Unit Code Building
Zoning C2
Seller Property Info Statement N

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