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For Sale

221 Highview Drive

St. Thomas, St. Thomas, ON
$1,700,000
12Bd
6Ba
5000 +sqft
7Parking
87.47 x 115.82 ftlot
MultiplexMLS# X12544280Listed 2025-11-14227 DOM
Heating
Separate Heating Controls
Basement
Partial Basement

On the market for 227 days — longer than average. The seller may be open to negotiation.

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.

Features

  • Floor Drain
  • Separate Heating Controls
  • Controlled Entry
  • Landscaped
  • Partial Basement
  • Wall Unit(s)
  • 2 1/2 Storey

Financials

Annual Taxes
$8,934.54

Estimated Rental Income

Entire property$4,500 – $7,000/mo
Rental yield3.2% – 4.9%

*Estimates based on comparable rentals in the area. Actual income may vary.

Market Data — St. Thomas

Days on market227 days
Buyer's MarketSeller's Market

Based on active listings in St. Thomas. Data updates daily.

MLS® data courtesy of the Toronto Regional Real Estate Board (TRREB).

The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. Listing information is deemed reliable but is not guaranteed accurate by the Toronto Regional Real Estate Board, the listing brokerage, or this website. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. MLS®, Multiple Listing Service®, and the associated logos are owned by CREA. Not intended to solicit properties currently listed for sale or buyers under contract.

$1,700,000
221 Highview Drive, St. Thomas
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