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221 Highview Drive
homes for sale · St. Thomas
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$1,700,000

221 Highview Drive

St. Thomas · MLS® X12544280

1267

House · Multi-family · 344 days on market

listed by DENNIS BROOME, ROYAL LEPAGE TRILAND REALTY

realtor's description

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.

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property details

type
House, Multi-family
bedrooms
12
bathrooms
6
parking
7
property tax
$8,935 / yr
days on market
344
MLS®
X12544280

features

  • Irregular lot size
  • Refrigerator
  • Stove

monthly cost

$8,151/mo
Mortgage $7,407 · Tax $745

20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing.

estimated payment
$7,407/ monthly
loan $1,360,000
25-year amortization
total interest
$862,021
cash to close
$340,000
down payment; transfer tax and fees not included
total paid
$2,222,021

Estimates only. Rates change daily and lenders qualify at the stress-test rate. Talk to a mortgage broker before you offer.

Keep private notes and ratings on homes you're considering. (email only) and they follow you to every device.

listed by
DENNIS BROOME
ROYAL LEPAGE TRILAND REALTY
call DENNIS · 519-637-0133
Powered by: REALTOR.ca
▶ virtual tour

location

St. ThomasGoogle Maps ↗

location

St. ThomasGoogle Maps ↗
0

Walkability 0/100 · Car needed for most errands

Nothing everyday within a 10 minute walk.

mihom score from OpenStreetMap places, by straight line distance.

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131 Fairview Avenue, St. Thomas, photo 2
131 Fairview Avenue, St. Thomas, photo 3
131 Fairview Avenue, St. Thomas, photo 4
131 Fairview Avenue, St. Thomas, photo 5
131 Fairview Avenue, St. Thomas, photo 6
131 Fairview Avenue, St. Thomas, photo 7
131 Fairview Avenue, St. Thomas, photo 8
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19 Royal Dornoch Drive, St. Thomas, photo 3
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19 Royal Dornoch Drive, St. Thomas, photo 8
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12027 Sunset Road, St. Thomas, photo 8
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265 Edward Street, St. Thomas, photo 2
265 Edward Street, St. Thomas, photo 3
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