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$1,700,000
Available - For Sale
Listing ID: X12544280
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.
Price $1,700,000
Taxes: $8,934.54
Occupancy by: Tenant
Address: 221 Highview Drive , St. Thomas, N5R 5H6, Elgin
Acreage: < .50
Directions/Cross Streets: WELLINGTON STREET
Rooms: 31
Bedrooms: 12
Bedrooms +: 0
Washrooms: 6
Family Room: F
Basement: Partial Base
No. of Pieces Level
Washroom 1:  4
Washroom 2:  0
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Washroom 6:  4
Washroom 7:  0
Washroom 8:  0
Washroom 9:  0
Washroom 10:  0
Washroom 11:  4
Washroom 12:  0
Washroom 13:  0
Washroom 14:  0
Washroom 15:  0
Washroom 16:  4
Washroom 17:  0
Washroom 18:  0
Washroom 19:  0
Washroom 20:  0
Washroom 21:  4
Washroom 22:  0
Washroom 23:  0
Washroom 24:  0
Washroom 25:  0
Property Type: Multiplex
Style: 2 1/2 Storey
Exterior: Brick
Garage Type: None
(Parking/)Drive: Private
Drive Parking Spaces: 7
Park #1
Parking Type: Private
Park #2
Parking Type: Private
Pool: None
Approximatly Age: 16-30
Approximatly Square Footage: 5000 +
CAC Included: N
Water Included: N
Cabel TV Included: N
Common Elements Included: N
Heat Included: N
Parking Included: N
Condo Tax Included: N
Building Insurance Included: N
Fireplace/Stove: N
Heat Type: Baseboard
Central Air Conditioning: Wall Unit(s
Central Vac: N
Laundry Level: Syste
Ensuite Laundry: F
Sewers: Sewer
Utilities-Cable: Y
Utilities-Hydro: Y
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Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
ROYAL LEPAGE TRILAND REALTY

221 Highview Drive , St. Thomas, N5R 5H6, Elgin

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Bob & Maria Thompson
Sales Representative
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416-548-7854
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416-548-7854
Fax:
416-981-7184

 
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At a Glance:
Type: Freehold - Multiplex
Area: Elgin
Municipality: St. Thomas
Neighbourhood: St. Thomas
Style: 2 1/2 Storey
Lot Size: x 115.82(Feet)
Approximate Age: 16-30
Tax: $8,934.54
Maintenance Fee: $0
Beds: 12
Baths: 6
Garage: 0
Fireplace: N
Air Conditioning:
Pool: None
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Bob & Maria Thompson
Your Company Name , Brokerage
Independently owned and operated.
416-548-7854 sales@bestforagents.com
Office Address 4711 Yonge Street, 10th Floor, Toronto, Ontario M2N 6K8
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