199 FOREST Avenue, St. Thomas, Ontario, N5R2K5
Property TypeMulti-familyBuilding Area10800

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:15069)

Amenities NearbySchools, ShoppingCommunity FeaturesHigh Traffic Area
OwnershipFreeholdParking Spaces12
TransactionFor saleZoning DescriptionR5-4
Basement DevelopmentPartially finishedBasementFull (Partially finished)
CoolingWall unitExterior FinishBrick, Vinyl siding
FoundationBlockBathrooms (Total)17
HeatingForced airSize Interior10800.0000
Storeys Total2Utility WaterMunicipal water
Size Frontage143 ftAmenitiesSchools, Shopping
SewerMunicipal sewage system


Data Provided by London and St. Thomas Association of REALTORS®

Last Modified :30/08/2023 09:30:10 AM

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