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196 Forest Avenue St. Thomas, Ontario N5R 2K5

51 Bedroom 17 Bathroom 7800
Wall Unit Forced Air

$4,900,000

Rare 17-unit townhome investment opportunity with condo conversion potential. All 17 units have three bedrooms, ample parking and private backyards in a prime location just south of the downtown. The area's thriving amenities and proximity to schools and rapidly growing employment centers (including the VW Battery Plant and the new Amazon facility to name a few) make this location highly desirable. There is an excellent opportunity to increase revenue upon turnover of units with cosmetic renovations. Alternatively, there is the potential to separately title each unit and renovate each unit to sell at market value, creating even more ways to win with this investment. With the local rental market on the rise, these townhomes provide an appealing chance to capitalize on the growing demand and limited supply of housing. This property must be sold with 199 Forest Ave. There is a total of 17 units between the two properties. (id:41409)

Property Details

MLS® Number 40475070
Property Type Multi-family
Amenities Near By Schools, Shopping
Community Features High Traffic Area
Parking Space Total 14

Building

Bathroom Total 17
Bedrooms Total 51
Basement Development Partially Finished
Basement Type Full (partially Finished)
Construction Material Wood Frame
Cooling Type Wall Unit
Exterior Finish Brick, Metal, Wood
Heating Type Forced Air
Stories Total 2
Size Interior 7800
Utility Water Municipal Water

Land

Acreage No
Land Amenities Schools, Shopping
Sewer Municipal Sewage System
Size Frontage 202 Ft
Size Total Text Under 1/2 Acre
Zoning Description R5-4

https://www.realtor.ca/real-estate/25995437/196-forest-avenue-st-thomas