Overview

This lot in St. Thomas is for sale offering roughly 15,651 sq ft of space. It has been on the market 14 days, fresher than the St. Thomas average of 71 days.

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Description

Vacant Commercial Land - Downtown St. Thomas. An excellent opportunity to secure approximately 0.36 acres of vacant commercial land in the heart of downtown St. Thomas, ideally situated between White Street and Princess Avenue. Zoned C2, this property offers an opportunity for investors, developers, and business owners looking to establish a presence in the downtown core. With its central location and potential for a variety of commercial uses, subject to municipal zoning requirements and approvals, this site is well suited for those looking to explore future development opportunities. Rare opportunity to acquire downtown commercial land and bring your vision to life in St. Thomas. (id:66096)

Market Timing

Days on market

14d

St. Thomas listings, avg age

71d

Price / ft²

$24

List price

$379K

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 vacant land in St. Thomas has been listed for 14 days, which is 57 days fresher than the city average of 71. Act while there is still low competition.

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Area context

Neighbourhood profile (N5R)

This home lists at $379,000, about 4.7× the local median household income of $80,000.

Carrying it typically needs a household income of about $74,032 (20% down, 25-yr amortization, stress-tested) — within reach of 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)

$379,000· $24/ft²

For sale

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Financing

Need a commercial mortgage?

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Description

Property Details

Market Timing

Location

Nearby Places

Neighbourhood profile (N5R)

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