Walnut Development, 59 Walnut Street, St. Thomas, ON

Walnut Development, 59 Walnut Street, St. Thomas, ON2018-07-13T13:57:40+00:00

Project Description

Walnut Development

59 Walnut Street, St. Thomas, ON

An excellent opportunity for a unique residential development in the Courthouse District of St. Thomas, ON.

A 4 acre ravine lot, with an existing 5,900 square foot, two-storey manor residence, has been by-law approved for a 24 unit residential site. The home, originally built as an impressive single family home, has housed numerous local dignitaries. Most recently, it was converted into three separate dwelling apartments with a total of 5 bedrooms, 4 full bathrooms, formal living and dining rooms, three-car garage, hot house/nursery, in-ground pool, gorgeous grounds and mature trees. The current rents average $1450 per unit, per month. In development, the existing residence would be the hub and additional units would be built on the ravine and south side. A truly outstanding property and opportunity.

$1,149,000

Interested In This Listing?

(519) 777-2659

johncrosby@royallepage.ca
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