For Sale

232 Elm Street, St. Thomas, Ontario N5R 1J5

$4,299,900

232 Elm Street, St. Thomas, Ontario N5R 1J5 is For Sale and has a listing price of 4,299,900. The property is located in the St. Thomas neighbourhood . It's been on the website for 31 Days.

  • Investment
    Property Type
  • MLS ID: X12253729
  • Office Name SOURCE 4 REALTY INC.
Property Description

POWER OF SALE: 23-unit, fully vacant, 3-storey walk-up apartment building in the heart of St. Thomas offering the perfect investment opportunity.The building features Twenty-Three fully renovated 1-Bedroom suites, including flooring, kitchens, electrical, common areas and abundance of surface parking for tenants.Potential to add additional units on site given its location to local amenities and arterial road access.Sitting on 0.66 acres of land directly across from the St. Thomas Elgin General Hospital, this property offers investors the perfect location for future tenants, close to amenities including Amazon Fulfillment Centre and Volkswagen’s Electrical Battery Plant.Property being sold ‘as is, where is’. See Sample Floor Plan Attached.

Property Details
  • MLS ID: X12253729
  • Price: $4,299,900
  • Lot Depth: 122
  • Transaction Types: For Sale
  • Ref ID: X12253729
  • Year Built: N/A
  • Dir / Cross St: Elm St. & First Ave.
  • Status: Active
  • Tax Year: 2024
  • Property Type: Investment
  • Property Type: Commercial
Price History
List Date MLS ID List Price Status End Date Closed Price
06/30/2025 X12253729 $4,299,900 For Sale - -
Market Temperature
  • Buyer's Market
  • Balanced
  • Seller's Market
Neighborhood Stats
St. Thomas
  • $648,584 Average List Price
    based on 1 year
  • 26 New Listings
    based on 30 days
  • 36 Median Days on Market
    based on 1 year
  • List vs. Selling Price 73.13 % Up
  • Sold (12mo) 285
  • Rented (12mo) 67

  • 1 Month Change -100.0%
  • 3 Month Change -100.0%
  • 6 Month Change -100.0%
Walkscore
  • 50 Walk Score
    Somewhat Walkable
  • 53 Bike Score
    Bikeable
Property Type Distribution
  • All Houses
    87.09%
  • Commercial
    8.09%
  • Condo
    4.77%
  • Land for Sale
    0.04%
Additional Details
  • Heat Type Other
  • Garage Type Y
  • Taxes: $31,018
  • Last Status New
  • Original Price: $0
  • Sold Price: $0
  • Addl Monthly Fees: $0
  • Possession Remarks: Immediate
  • Listing Entry Date: 30/06/2025 19:43:55
Want to see this property?