70 STOKES Road

Nestled in the heart of St. Thomas, at the address of 70 Stokes Road, this impressive Multi-Family Home for sale in St. Thomas presents a remarkable opportunity for investors or those looking to secure a spacious living arrangement. This multiplex building, standing three storeys tall, is constructed from sturdy brick, ensuring durability and a classic aesthetic. With a generous lot size of 107 by 217 feet, there’s plenty of outdoor space to enjoy, even though there is no pool on the premises.

The property boasts a total of 12 units, making it an ideal choice for those seeking a Multi-Family Home for sale in St. Thomas. Each of the 12 apartments is designed with functionality in mind, featuring a total of 24 bedrooms and 12 bathrooms, which can comfortably accommodate a variety of living arrangements. Although there is no den or family room, the ample number of bedrooms provides plenty of private space for residents.

Located directly across from the Elgin Mall, the location of 70 Stokes Road, St. Thomas, is particularly advantageous for tenants, offering easy access to shopping and amenities. Some of the units have been thoughtfully updated, showcasing modern granite countertops and stainless steel appliances, including dishwashers and microwave ovens. These enhancements add a touch of luxury and convenience to the living experience. Furthermore, each apartment is plumbed for washers and dryers, allowing for in-unit laundry, which is a significant benefit for busy households.

One of the standout features of this Multi-Family Home for sale in St. Thomas is the presence of separate hydro meters for each unit, ensuring that tenants can manage their own utility costs independently. This not only adds to the appeal for potential renters but also simplifies management for the owner. While the building does not come with air conditioning or a central vacuum system, the water heating system is efficient, and the municipal water supply ensures a reliable source for all residents.

As you explore the property, you’ll find that it has been well-maintained, reflecting its age of 16 to 30 years. The full unfinished basement provides additional storage options or potential for future development, should the new owner wish to expand the property’s offerings. Although there is no garage space, the private driveway accommodates up to 13 parking spaces, ensuring that residents and their guests have ample parking available.

The community surrounding 70 Stokes Road, St. Thomas, is vibrant and welcoming, making it an attractive place for families and individuals alike. While there are no additional features such as a fireplace or a swimming pool, the strong sense of community and the convenience of nearby amenities more than compensate for these omissions. The location in the Elgin area is particularly appealing, with easy access to local parks, schools, and recreational facilities.

In summary, this Multi-Family Home for sale in St. Thomas at 70 Stokes Road, St. Thomas, is a fantastic investment opportunity. With its spacious layout, modern updates in some units, and prime location, it is sure to attract a variety of tenants. The combination of 24 bedrooms and 12 bathrooms across 12 units offers flexibility and comfort, making it an ideal choice for those looking to invest in a property that promises both functionality and potential for growth. Don’t miss out on this chance to own a well-maintained multiplex in a thriving community—this is truly a Multi-Family Home for sale in St. Thomas that you won’t want to overlook!

St. Thomas, located within the city of St. Thomas, is a charming and vibrant area that offers a delightful blend of urban convenience and natural beauty. Nestled in the heart of Ontario, Canada, this community boasts picturesque parks, well-maintained trails, and a welcoming atmosphere that encourages outdoor activities and social interaction. Residents enjoy a strong sense of belonging, with local shops, cafes, and markets providing a quaint yet lively shopping experience. The area is well-connected by public transport and major roadways, making it easy to explore the surrounding region. With its rich history, friendly neighbourhoods, and a variety of community events throughout the year, St. Thomas is an ideal place for those seeking a balanced lifestyle in a close-knit environment.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, making it an ideal choice for families. Within a short distance, you'll find Forest Park Public School, an elementary school offering grades JK to 8, just 1.0 km away, although it has a school rating of 2.2. For secondary education, Central Elgin Collegiate Institute is located 1.2 km from the property, providing grades 9 to 12 with a more favorable school rating of 5.4. Additionally, Pierre Elliott Trudeau F.I.P.S., another elementary school teaching in French, is 1.8 km away but currently holds a rating of 0. Parkside Collegiate Institute, also a secondary school with a French curriculum, is situated 3.4 km from the property and boasts a school rating of 5.5. Lastly, Monsignor Morrison Catholic School, a Catholic institution for grades JK to 8, is located 3.0 km away but has a rating of 0. Overall, the area offers a mix of educational options, with both public and Catholic schools available, catering to various language preferences and educational needs.

Key Statistics of the Neighbourhood

The demographic profile of the area surrounding the property reveals a small, yet vibrant community with a population of 772 residents as of 2021. The average household consists of 2.6 individuals, and the community has a median age of 41.8 years. Economic indicators show an average household income of $87,000, with a low percentage of residents (5.2%) classified as low-income. The average property price in the area stands at $416,000, reflecting a stable real estate market. Socially, the area has a diverse composition, with 41.27% of residents identifying as single and nearly 40% of households having children. The community is also home to a notable immigrant population, comprising 10.46% of residents. Renting is relatively uncommon, with only 10.17% of households renting their homes, and there are no condominiums in the area. Education levels are high, with 49.57% of residents holding a college or university degree. However, a significant portion of the population (38.26%) is not actively participating in the labor force, indicating potential opportunities for growth and development in the local economy. Overall, this area offers a balanced mix of family-oriented living and educational attainment.