Multiplex

221 Highview Drive

St. Thomas, N5R 5H6

$1,700,000
Bedrooms
12
Bathrooms
6
Interior
5,000 + ft²
Lot
87.47 × 115.82 ft
Type
Multiplex
On the market
364 days

About this home

A rare opportunity for investors seeking a high-quality, cash-flowing asset in a prime location. This purpose-built six-unit apartment building is constructed with solid concrete floors and exterior walls, with each suite functioning as its own fire-rated compartment-delivering exceptional durability, safety, sound attenuation, and long-term value. Ideally located directly across from Elgin Mall, the property offers tenants outstanding convenience with shopping, public transit, and everyday amenities just steps away, supporting strong and consistent rental demand. Each updated unit features a modern, durable finish package including stainless steel appliances, tiled flooring throughout, porcelain-tiled kitchens, plank porcelain bathroom tile, and all-wood trim and doors that provide a warm, contemporary feel while minimizing maintenance. The building is designed for efficient ownership, offering on-site coin-operated laundry in the lower level for additional income, individual water heaters in each unit, and separate hydro meters-allowing for simplified management and greater control over operating costs. Whether you are expanding an established portfolio or acquiring a stable, low-maintenance investment, this well-built and well-located apartment building represents an excellent long-term opportunity.
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Features

  • Floor Drain
  • Separate Heating Controls
  • Controlled Entry
  • Landscaped
  • City

Property details

MLS® number
X12544280
Property type
Multiplex
Style
2 1/2 Storey
Bedrooms
12
Bathrooms
6
Kitchens
6
Interior size
5,000 + ft²
Approximate age
16-30 years
Lot
87.47 × 115.82 ft
Basement
Partial Basement
Heating
Baseboard, Electric
Cooling
Wall Unit(s)
Sewer
Sewer
Parking
7 spaces
Exterior
Brick
Roof
Asphalt Shingle
Foundation
Concrete, Poured Concrete
Property taxes
$8,935 (2024)
Possession
IMMEDIATE
Cross street
WELLINGTON STREET
Community
St. Thomas
Municipality
St. Thomas

Location

St. Thomas, near WELLINGTON STREET

221 Highview Drive, St. Thomas

Approximate location, placed by postal code. Map data © OpenStreetMap contributors, tiles by OpenFreeMap.

Mortgage estimate

$7,527a month

$340,000 down, 4.5%, 25 years

Down payment

%
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An estimate, not a quote. Under 20% down, the default insurance premium is added to the loan.

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