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Main Photo: 42 REDAN Street: St. Thomas Commercial for sale : MLS®# X12706308
Photo 1: 42 REDAN Street: St. Thomas Commercial for sale : MLS®# X12706308
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Status:
Active
Prop. Type:
Commercial
MLS® Num:
X12706308
Bus Major:
Apts - 2 To 5 Units
Great Multi-Family opportunity in a solid yellow brick 2 Storey home with 4 units! Amazing offer - 2 three-bedroom apartments (one is rented for $1640 plus hydro the other is vacant ) one two-bedroom apartment (vacant) and one one-bedroom apartment ($625 plus hydro) . Each tenant pays their own electricity. Building is walking distance from down town St. Thomas and all major stores and shopping areas. Parking for 4 cars. Apartment 1 has a separate outdoor barbecue area. All residents are month to month, however, all have occupied for more than one year and are very consistent with payments . 2 years ago, all apartments were completely renovated with the replacement of plumbing. In one part of the basement, water pipes (heating) were completely replaced. Brand new broiler system put in All electrical wiring redone. Brand new Water heater is owned.
Property Type:
Commercial
Property Sub Type:
Investment
Property Attached:
Yes
Freestanding:
Yes
Total Area:
3082 sq. ft. Square Feet
Total Area:
3,082 sq. ft.
Lot Depth:
92'7"
Lot Frontage:
79'8"
Lot Details:
92.58 x 79.66
Bedrooms:
9
Bathrooms:
4.0
Water supply:
Municipal
Kitchens:
0
Zoning:
R3
Heating type:
Radiant
Heating Fuel:
Gas
Cooling:
No
New Construction:
No
Survey Available:
No
Garage:
None
Parking Spaces:
4
Possession Details:
flexible
HST Applicable To Sale Price:
Included In
Assessment:
$259,000
Assessment Year:
2025
Type Taxes:
Annual
Taxes:
$4,460 / 2025
Assessment:
$259,000.00 / 2025
Elgin
St. Thomas
St. Thomas
Public Transit
Irregular Lot
No
none
washer, dryer, 3 dishwashers, 4 fridges, 4 stoves, hot water tank,
No
UFFI:
No
Utilities:
Yes
Energy Certification:
No
Green Property Information Statement:
No
Air Conditioning:
No
Seller Property Info Statement:
No
Physically Handicapped-Equipped:
No
Financial Statements:
No
Major Business Type:
Apts - 2 To 5 Units
Category:
Apartment
Franchise:
No
Chattels:
No
Outside Storage:
No
Date Listed:
Jan 17, 2026
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Listed by ROYAL LEPAGE RESULTS REALTY
Data was last updated January 18, 2026 at 02:15 AM (UTC)
DARYL  KING
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Why Invest in Apartment Buildings for Sale?

Owning an apartment building for sale provides unique advantages:

  • Multiple rental units generate consistent monthly income
  • Economies of scale make property management more efficient
  • Opportunity to increase property value through renovations and upgrades
  • High demand for rental housing in urban and suburban markets

What to Look for in Apartment Buildings for Sale

When evaluating apartment buildings for sale, consider:

  • Vacancy rates and tenant demand in the area
  • Location and proximity to transit, schools, and employment hubs
  • Building condition, age, and potential maintenance costs
  • Current rental income and future appreciation potential

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Start Exploring Apartment Buildings for Sale Today

Whether you’re looking for small multi-family units or larger residential complexes, we offer a wide selection of apartment buildings for sale to match your investment goals. Let us help you find a property that offers steady income and long-term value.

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FAQs – Apartment Buildings for Sale

1. Are apartment buildings a good investment?
Yes, apartment buildings provide steady rental income, potential tax benefits, and property value appreciation over time.

2. What should I consider before buying an apartment building?
Evaluate location, tenant demand, building condition, rental income, and management costs.

3. Can first-time investors buy apartment buildings?
Yes, many financing options are available for new investors, including CMHC-backed loans and commercial mortgages.

4. How many units are considered an apartment building?
Typically, any property with five or more units is classified as an apartment building for investment purposes.

5. Where can I find apartment buildings for sale?
You can find listings across major cities and growing suburbs where rental demand remains strong.