$2,999,000
For sale: Multiplex

Well-maintained 12-unit apartment building ideally located directly across from Elgin Mall. Select units have been fully updated, featuring granite countertops, stainless steel appliances, dishwashers, and microwave ovens. Each apartment offers a private balcony and is plumbed for in-suite laundry. All units are individually metered for hydro. The property has been well cared for and is in excellent overall condition, making it a solid investment opportunity in a prime, high-visibility location.
Sold data
Multiplex homes in St. Thomas took a median of 42 days to sell over the last 730 days, with the quickest quarter selling within 25 days and the slowest quarter taking more than 75, across 35 recorded sales.
That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 70 days.
The median sale price was $519,900.
Homes sold for about 3.2% below asking on average, so there was room to negotiate.
About 3% of sales closed above the list price.
Around 26% of sellers reduced their price before finding a buyer.
Based on 35 recorded sales in the last 2 years — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.
Schools
St. Thomas has 16 Fraser Institute–rated schools (12 elementary and 4 secondary), averaging 5.2/10.
School ratings from the Fraser Institute's Ontario school report cards.
Currently for sale

$2,100,000
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