The Investments Group is proud to offer for sale 52 Hiawatha Street, St.Thomas, ON, a 12-unit purpose-built multifamily opportunity. This building offers 11 two-bedroom units and 1 one-bedroom unit, the property is perfectly situated in a central location, offering proximity to downtown and essential amenities, all within the main employment node. The inclusion of separate hydro meters enhances operational efficiency, while recent capital upgrades within the last two years ensure a well-maintained asset with strong economic life. The property's unique selling point lies in its substantial 40% rental upside, providing an attractive proposition for investors seeking strong returns. (id:47423)
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Listed By
Royal LePage Burloak Real Estate Services, Royal LePage Signature Realty
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Detailed Information
Lot
98 x 0 ft
Total Area
9,373 ft2
Listing Contract Date
2023-12-04
# of Parking Spaces
15
Property Type
Other
Transaction Type
For sale
Building
Cooling Type
None
Heating Type
Baseboard heaters
Size (Exterior)
9373 square feet
Utility Water
Municipal water
Parking Spaces
Name
Spaces
Surfaced
Land
Total Size
103.82 ft x 140.14 ft x 8.81 ft x 82.04 ft x 190.7
Sewer
Sanitary sewer
Size of Irregular Land
103.82 ft x 140.14 ft x 8.81 ft x 82.04 ft x 190.7
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