DEVELOPMENT, 59 Walnut Street, St. Thomas,
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.