St. Thomas Flats Listing Details & Market Data

Population: 40,359 Area codes: 519, 226, 548 St. Thomas is located in the heart of Southwestern Ontario in beautiful Elgin County. Surrounding St. Thomas are numerous picturesque towns, lakeside villages and historic hamlets, each with their own unique charm. We're a quick hop from London, Ontario and the shores of Lake Erie.FOR SALE: 23-unit, 3 story walk-up apartment building with potential to build up to 8 additional units on site! A report from a local planning firm suggests that increased density on this site would likely be supported given the sites characteristics, arterial road access and proximity to a major regional health care centre. With below market rents and a unique opportunity to turn over and renovate, this investment opportunity is full of potential. Nestled on 0.659 acres across from the St. Thomas Elgin General Hospital on an arterial road, this property offers tenants excellent transportation and a quiet neighbourhood. With Amazon opening shortly and the VW battery plant currently under construction, the local housing demand is only going to increase over the next decade. Don’t miss this opportunity to get in before demand pushes the market even higher.