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St. Thomas, ON N5P 2V6,14 St Catharine ST
St. Thomas, ON N5P 2V6,14 St Catharine ST
St. Thomas, ON N5P 2V6,14 St Catharine ST
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$575,000
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6,300 SqFt
Price Dropped by $25K

14 St Catharine ST St. Thomas, ON N5P 2V6

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Kenneth Yim

Kenneth Yim

+1(416) 651-5653

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Key Details

Property Type Commercial

Sub Type Investment

Listing Status Active

Purchase Type For Sale

Square Footage 6,300 sqft

Price per Sqft $91

Subdivision St. Thomas

MLS Listing ID X12034111

Building Age 51-99

Annual Tax Amount $7,726

Tax Year 2024

Property Sub-Type Investment

Property Description

Discover a versatile 6,300 sq ft vacant building, zoned C2, with pre-approved architectural plans to convert the space into 10 or 11 modern residential units. This opportunity offers immediate upside for investors seeking a turnkey redevelopment project.Strategically located in the vibrant heart of downtown St. Thomas, the property boasts excellent visibility and is within steps of City Hall, the public library, parks, retail, dining, and transit. Comprehensive due diligence has been completed, including a clean ESA Phase 1 and a recent survey, ensuring confidence and readiness for development.Additionally, the asset features a rear lot currently operating as a parking area, which can be repurposed to support the residential conversion or for further redevelopment. With essential services like municipal water, sewers, natural gas, and hydro in place, this property provides a solid infrastructure foundation for a high-quality project.Seize the opportunity to transform this blank canvas into a thriving residential hub, and secure strong future returns in one of Ontarios most dynamic urban centers.

Location

Province ON

County Elgin

Community St. Thomas

Area Elgin

Zoning C2

Interior

Cooling Partial

Exterior

Parking Features None

Utilities Available Yes

Building

Lot Description Lot

Lited by ROYAL LEPAGE BURLOAK REAL ESTATE SERVICES

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agent

Kenneth Yim

Broker of Record | License ID: 9524831

+1(416) 651-5653

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