Gurvinder Nokwal REALTOR®
For Sale Multiplex 338 days on market

$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

Minimum for this price: $340,000 (20%)

Amortization, years

Estimated mortgage payment

$7,527 per month

Principal and interest
$7,527
Property tax
$745
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
Total, before legal fees
$370,475
Talk to me about financing

Estimates 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

221 Highview Drive, St. Thomas, ON N5R 5H6 St. Thomas, St. Thomas, ON N5R 5H6
Open in Google Maps

Listing data is provided under license and deemed reliable but not guaranteed. MLS®, Multiple Listing Service® and associated logos are trademarks of The Canadian Real Estate Association (CREA).

$1,700,000 221 Highview Drive, St. Thomas, ON N5R 5H6
Request a showing