$1,700,000
Est. payment $7,527/moCalculate yours
221 Highview Drive, St. Thomas, ON N5R 5H6
St. Thomas, St. Thomas, ON N5R 5H6
- 12 Beds
- 6 Baths
- 5,000 Sq Ft
Listing courtesy of ROYAL LEPAGE TRILAND REALTY MLS® X12544280
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.
Property details
Overview
- Property Type
- Multiplex
- Style
- 2 1/2 Storey
- For
- For Sale
- Status
- Extension
- Approximate Age
- 16-30
- Size
- 5,000 sqft
Interior
- Bedrooms
- 12
- Bathrooms
- 6
- Kitchens
- 6
- Basement
- Partial Basement
Building & Systems
- Heating
- Baseboard (Electric)
- Cooling
- Wall Unit(s)
- Exterior
- Brick
- Foundation
- Concrete, Poured Concrete
- Roof
- Asphalt Shingle
- Water
- Municipal
- Sewer
- Sewer
Lot & Parking
- Lot Size
- 87.47 x 115.82 Feet
- Parking
- None garage · 7 total
- Zoning
- R4-6
Financial
- Property Taxes
- $8,935 (2024)
Location
- Neighbourhood
- St. Thomas
- Cross Street
- WELLINGTON STREET
- Direction Faces
- East
Listing
- MLS® Number
- X12544280
- Days on Market
- 338
- Listed On
- 2025-11-14
- Possession
- IMMEDIATE
- Listed By
- ROYAL LEPAGE TRILAND REALTY
Features
Interior
- Floor Drain
- Separate Heating Controls
Pool
- None
- Included
- 6 REFRIGERATORS, 6 STOVES
- Rental items
- 6 WATER HEATERS
Mortgage calculator
Estimated mortgage payment
$7,527 per month
- Principal and interest
- $7,527
- Property tax
- $745
- Condo fees
- $0
- Estimated monthly cost
- $8,272
Your mortgage
- Mortgage amount
- $1,360,000
- Mortgage insurance
- Not needed
- Interest over 25 years
- $898,170
Cash to close
- Down payment
- $340,000
- Land transfer tax
- $30,475
- First-time buyer refund
- $0
- Sales tax on insurance (8%)
- $0
- Total, before legal fees
- $370,475
With less than 20% down, a 30-year amortization is available to first-time buyers and buyers of newly built homes.
Talk to me about financingEstimates only, not a mortgage offer or financial advice. Uses the Canadian fixed-rate convention (interest compounded twice a year), 2026 mortgage insurance premiums and Ontario land transfer tax. Your lender will confirm your actual rate and payment.
Location
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