Description

An exceptional opportunity to acquire a fully renovated mixed-use investment property in the heart of rapidly growing downtown St. Thomas. This turnkey asset features 14 income-generating streams, including 11 renovated residential apartments, two ground floor commercial units, and a long-term rooftop telecommunications lease. The residential component consists of eleven beautifully renovated apartments that blend modern finishes with the character of the original heritage building. Each suite has been thoughtfully updated while preserving distinctive architectural features including exposed brick, oversized windows, and soaring ceilings. Most units are currently vacant, providing investors with the rare opportunity to lease at today's market rents and maximize income potential from the outset. A comprehensive back-to-the-studs renovation completed in 2025 included new mechanical systems, electrical, plumbing, HVAC, and high-quality interior finishes, significantly metered utility system, allowing tenants to pay their own utilities and resulting in exceptionally low operating costs for ownership. Located in the heart of downtown St. Thomas, the property is exceptionally well positioned to benefit from one of Ontario's fastest-growing economies. Billions of dollars in investment, including the Volkswagen PowerCo battery cell manufacturing facility, the St. Thomas Mega Site, and numerous supplier facilities, are bringing thousands of new jobs and driving continued demand for quality housing and commercial space throughout the region. Offering diversified income, significant leasing upside, minimal deferred maintenance, and exceptional long-term growth potential, this is a rare opportunity to acquire a premier mixed- use investment in one of Southwestern Ontario's most dynamic and rapidly expanding markets. Financial statements, rent roll, and lease information are available upon request.

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