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:4069)
Address
6 PEARL STREET
List Price
$599,900
Property Type
Multi-family
Type of Dwelling
Other
Style of Home
Bungalow
Transaction Type
Sale
Area
Ontario
Sub-Area
St Thomas
Bedrooms
2
Bathrooms
1
Floor Area
700 - 1100 Sq. Ft.
Lot Size
201 FT Sq. Ft.
Frontage Length
201 ft
MLS® Number
X13597086
Listing Brokerage
RE/MAX Tri-County Realty Inc Brokerage
Basement Area
None
Postal Code
N5P2N8
Parking Places (Total)
16
Heat Source
Natural gas
Heat Type
Forced air
Cooling Features
None
Foundation Details
Block
Number Of Floors In Building
1
Water Source
Municipal water
Sewer
Sanitary sewer
