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. (id:4069)
Address
221 HIGHVIEW DRIVE
List Price
$1,700,000
Property Type
Multi-family
Type of Dwelling
Other
Transaction Type
Sale
Area
Ontario
Sub-Area
St Thomas
Bedrooms
12
Bathrooms
6
Floor Area
5000 - 100000 Sq. Ft.
Lot Size
87.5 x 115.8 FT Sq. Ft.
MLS® Number
X12544280
Listing Brokerage
ROYAL LEPAGE TRILAND REALTY
Basement Area
Partial
Postal Code
N5R5H6
Zoning
R4-6
Site Influences
View
Features
Irregular lot size
Amenities
Separate Heating Controls
