12 St Catharine Street St. Thomas, Ontario N5P 2V6
$499,900
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. (id:51356)
Property Details
| MLS® Number | X9361196 |
| Property Type | Retail |
| Community Name | NW |
| FarmType | Other |
| ParkingSpaceTotal | 11 |
Building
| HeatingFuel | Natural Gas |
| HeatingType | Forced Air |
| SizeExterior | 6301 Sqft |
| SizeInterior | 6301 Sqft |
| UtilityWater | Municipal Water |
Land
| Acreage | No |
| SizeFrontage | 32 Ft |
| SizeIrregular | Bldg=32 Ft ; Front Lot 32'xirreg. Rear Lot 41'x109' |
| SizeTotalText | Bldg=32 Ft ; Front Lot 32'xirreg. Rear Lot 41'x109' |
| ZoningDescription | C2 |
https://www.realtor.ca/real-estate/27449346/12-st-catharine-street-st-thomas-nw
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September 21 2024 10:20:23
London and St. Thomas Association of REALTORS®
Blue Forest Realty Inc.
