$2,999,000

For sale

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70 STOKES Road, St. Thomas - Multi-family for Sale

70 STOKES Road, St. Thomas, Ontario, N5R6A9

24 beds12 baths13 parking lot size

44 JACKSON Street, St. Thomas, Ontario, N5P2R9

30 bd24 ba24 pk10,000 ft²

Listed by Peak Realty Ltd.

82 WELLINGTON Street, St. Thomas, Ontario, N5R2R2

For sale

9 days ago

$700K

82 WELLINGTON Street, St. Thomas, Ontario, N5R2R2

7 bd4 ba4 pk350 ft²Lot size 77 × 78 ft (6,029 sq ft)

Listed by RIGHT AT HOME REALTY

57 ROSEBERY Place, St. Thomas, Ontario, N5R2H9

For sale

9 days ago

$650K

57 ROSEBERY Place, St. Thomas, Ontario, N5R2H9

4 bd3 ba4 pk350 ft²Lot size 50 × 132 ft (6,600 sq ft)

Listed by RIGHT AT HOME REALTY

24 HINCKS Street, St. Thomas, Ontario, N5R3N6

For sale

9 days ago

$650K

24 HINCKS Street, St. Thomas, Ontario, N5R3N6

3 bd4 ba3 pk350 ft²Lot size 46 × 107 ft (4,913 sq ft)

Listed by RIGHT AT HOME REALTY

Investment analysis

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$2,999,000

St. Thomas

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107 × 217 ft (23,284 sq ft)

Overview

This multi-family property in St. Thomas is for sale.

Multi-Family Properties for Sale in St. Thomas →All real estate in St. Thomas →

Description

Well-maintained 12-unit apartment building ideally located directly across from Elgin Mall. Select units have been fully updated, featuring granite countertops, stainless steel appliances, dishwashers, and microwave ovens. Each apartment offers a private balcony and is plumbed for in-suite laundry. All units are individually metered for hydro. The property has been well cared for and is in excellent overall condition, making it a solid investment opportunity in a prime, high-visibility location. (id:66096)

Property Details

MLS®: X12545818
Property Type: Multi-family
Bedrooms: 24
Beds (above / below): 24 above · 0 below
Bathrooms: 12
Parking: 13
Lot Size: 107 × 217 ft (23,284 sq ft)
Frontage: 107 ft
Storeys: 3
Basement: Unfinished, Full
Heating: Natural gas
Cooling: None
Garage: No Garage
Property Tax: $2,505.87/yr
Listed: 355 days ago

Rooms

Main level

Bedroom: 11.1 x 9.11 meters
Primary Bedroom: 9.8 x 14.5 meters
Living room: 3.71 x 3.15 meters
Dining room: 3.71 x 2.61 meters
Kitchen: 3.38 x 2.83 meters

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Features

Appliances: Intercom, Two stoves, Water Heater, Two Refrigerators
Foundation: Concrete
Exterior: Brick
Lot Features: Flat site, Dry

Services

Water: Municipal water
Sewer: Sanitary sewer
Utilities: Sewer, Electricity, Cable

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

355d

St. Thomas listings, avg age

70d

List price

$3.00M

Homes here sell close to asking price

Homes in this market sold for an average of 97.5 percent of their asking price over the past year, above the 96.4 percent median across the markets we publish.

Haho

This 24-bed multi-family in St. Thomas is available now. Want me to connect you with the agent or keep you posted on any price updates?

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Listed by ROYAL LEPAGE TRILAND REALTY · DENNIS BROOME

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N5R)

This home lists at $2,999,000, about 37.5× the local median household income of $80,000.

Carrying it typically needs a household income of about $585,810 (20% down, 25-yr amortization, stress-tested) — roughly 632% above the area median.

Median household income: $80,000
Population: 30,680
Median age: 44.8
Owner / renter: 74% / 26%
Avg. household size: 2.4

Source: Statistics Canada, 2021 Census (FSA N5R)

$2,999,000

For sale

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Full Cost Breakdown

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Down Payment20% · $599,800

Min 20%50%

Mortgage payment$12,790/mo

Property tax (est.)$209/mo

Total monthly$12,999

Cash Needed to Close

Down payment (20%)$599,800

Land transfer tax$61,450

Est. closing costs$11,497

Total cash needed$672,747

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Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice