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MLS® X12544280
St. Thomas, ON
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.
Inclusions
6 REFRIGERATORS, 6 STOVES
Broker
ROYAL LEPAGE TRILAND REALTY
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Multiplex
221 Highview Drive St. Thomas
St. Thomas
Built
16-30
Type
Multiplex
Basement
Partial Basement
Parking
None (7)
Property Tax
~$8,935/yr
Heating
Baseboard
Buying Essentials
Facing Direction
East
Parking
None (7)
Finances
List Price
$1,700,000
Property Tax
~$8,935/yr
Property Specs
Property Type
Multiplex
Age of Building
16-30
Basement
Partial Basement
Living & Amenities
Heating Type
Baseboard
Features
Floor Drain · Separate Heating Controls
Policies & Utilities
Neighbourhood
St. Thomas
Listed On
Nov 14, 2025
Days on Market
Current: 359 days
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