Exceptional Development Opportunity - 1.43 Acres in Growing St. ThomasDiscover the potential of this rare 1.43-acre property, ideally situated on a quiet dead-end street in a peaceful, established neighbourhood. The existing residential home provides the opportunity for rental income while you plan your future development. With the potential for a multi-residential building of up to three storeys (subject to municipal approvals), this property offers an outstanding opportunity for investors, developers, or anyone looking to build a long-term income-producing asset. It may also be well suited for a seniors' multi-unit housing project or other residential development opportunities. Located in the rapidly growing community of St. Thomas, you'll enjoy convenient access to everything the city has to offer, including restaurants, grocery stores, schools, medical services, and recreational amenities. Plus, Highway 401 is just a 20-minute drive away, providing excellent connectivity for commuters and residents alike. Don't miss this exceptional opportunity to invest in one of Southwestern Ontario's fastest-growing communities. (id:13843)
| MLS # | X13597086 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Days On Site | 93 |
| Listing Provided By | RE/MAX Tri-County Realty Inc Brokerage | John Klassen |
| Bed(s) | 2 |
|---|---|
| Bath(s) | 1 Total |
| SQ Feet | 700 |
| Garage | 16 |
| Story(s) | 1 |
| Zoning | R3 |
| Cooling | None |
|---|---|
| Heating | Forced air, Natural gas |
| Fireplace Yes / No | No |
| Foundation Details | Block |
|---|
| Parking Features | Detached Garage, Garage |
|---|---|
| Parking Total | 16 |
| Sewer | Sanitary sewer |
|---|---|
| Water Source | Municipal water |
| Tax Annual Amount | 2772 |
|---|
| Province | ON |
|---|---|
| City | St. Thomas |
| Postal Code | N5P2N8 |
| Listing VS Median (in N5P2N8) | |
Price: $599,900 low | high Med: $599,900 sqft: 700 low | high Med: 700 $ / sqft: $857 low | high Med: $857 On site: 93 low | high Med: 93 | |
| Province | ON |
|---|---|
| City | St. Thomas |
| Postal Code | N5P2N8 |
| Listing VS Median (in N5P2N8) | |
Price: $599,900 low | high Med: $599,900 sqft: 700 low | high Med: 700 $ / sqft: $857 low | high Med: $857 On site: 93 low | high Med: 93 | |