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. (id:4069)
Address
14 ST CATHARINE STREET
List Price
$600,000
Property Type
Multi-family
Type of Dwelling
Multi-Family
Area
Ontario
Sub-Area
St Thomas
Floor Area
6,300 Sq. Ft.
Lot Size
25 x 162 FT ; 162.75x90.66x43.71x117.98x206.06x27.86 Sq. Ft.
MLS® Number
X12034111
Listing Brokerage
ROYAL LEPAGE BURLOAK REAL ESTATE SERVICES
Postal Code
N5P2V6
Zoning
C2
Features
Irregular lot size
