Homula Realty Brokerage
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221 Highview Drive, St. Thomas, ON N5R 5H6

12 beds · 6 baths · 6 kitchens · 31 rooms · 7 parking spaces · 5000 + sq ft · Multiplex
$1,700,000
Property tax
$8,935 / year

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.

MLS number
X12544280
Type
Multiplex
Status
Active
Bedrooms
12
Bathrooms
6
Postal code
N5R 5H6
Photos
50
Laundry
Not in the unit
302days · this listing
Total days on market across every earlier listing of this propertyRegistration and sign-in required

This listing’s own days on market are shown above. How long the property has been for sale across every earlier listing is drawn from records the board releases only to registered users — a free account opens it, along with the sale history below.

Listing history

This address has been listed 3 times.

Sale history is for registered usersSee what this address sold for and when, across all 3 listings. Free account — the board’s rules require one before sold data can be shown.Create a free account

Where this property is

Where this address sits, matched against open government data.

Estimated from the house-number range along this road: the right block of the right street, not the exact building. No address file publishes this house.

Schools

The school boundaries this address is inside, and the schools nearest it. Boards redraw boundaries and cap programs — confirm with the board before this affects a decision.

Other schools nearby

By distance from this address, not school boundary — a school 400 m away can be in another school’s attendance area.

SchoolLevelDistanceRating
St. Thomas Community Christian Elem SchElementary551 mNot reported
Forest Park Public School
Thames Valley DSB
Elementary672 m4.1 / 10
41% met the standard
St. Anne's Separate School
London District Catholic School Board
Elementary906 m6.5 / 10
65% met the standard
Central Elgin Collegiate Institute
Thames Valley DSB
Secondary1.0 km6.5 / 10
65% met the standard · 2 of 6 measures
Mitchell Hepburn Public School
Thames Valley DSB
Elementary1.7 km7.5 / 10
75% met the standard
Elgin Court Public School
Thames Valley DSB
Elementary1.7 km4.6 / 10
46% met the standard
How the rating is calculated

EQAO — Ontario’s testing agency — publishes, for each school, the percentage of students meeting the provincial standard in Grade 3 and Grade 6 reading, writing and mathematics. The rating is the average of those percentages divided by ten. A school where 72% of students met the standard rates 7.2 out of 10.

Nothing is weighted or adjusted, and schools are not ranked against each other. Where EQAO withholds a result to protect the privacy of a small group of students, that measure is left out rather than counted as zero — so a rating built on fewer than six measures says so.

What it does not measure. It is one year of standardised testing in three subjects. It says nothing about teaching, programs, or whether a school suits a particular child, and it tracks neighbourhood household income closely enough that it partly measures the neighbourhood rather than the school. Treat it as one figure among many.

Source: Ontario Ministry of Education, School Information and Student Demographics (2024–25), Open Government Licence – Ontario.

H-Value

our estimate of this home is for registered usersWhat comparable homes nearby actually sold for, worked into an estimate for this one — with the range it sits in and how far the method has been off in testing.Create a free accountAlready have one? Sign in.

What an H-Value is and how it is calculated — the method and our measured error, no account needed.

This neighbourhood

Statistics Canada 2021 Census, for the surrounding few blocks — about 727 people.

$65,500Median household income
60.3%Own their home
58.8%Detached houses
46.4Median age
6%Born outside Canada
7%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35340123 — the few blocks around this address, home to 727 people. It describes the area, not this property.

727Population
45.8Average age
2.1Household size
$77,600Average household income
$65,500Median household income
60%Own their home
40%Rent
4%Condominiums
6%Born outside Canada
7%University degree
$420,000Average home value
13%Low income
71%Not in the labour force
24%Never married
$10,000 to $14,9991%
$15,000 to $19,9992%
$20,000 to $24,9994%
$25,000 to $29,9997%
$30,000 to $34,9994%
$35,000 to $39,9994%
$40,000 to $44,9994%
$45,000 to $49,9994%
$50,000 to $59,9998%
$60,000 to $69,9998%
$70,000 to $79,9995%
$80,000 to $89,9996%
$90,000 to $99,9996%
$100,000 and over19%
$100,000 to $124,9997%
$125,000 to $149,9996%
$150,000 to $199,9994%
$200,000 and over2%

Percentages are of the 420 responses in this category. Statistics Canada rounds counts and withholds small ones to keep individuals unidentifiable, so categories with too few people to publish are absent rather than shown as zero.

Source: Statistics Canada, 2021 Census of Population. Contains information licensed under the Open Government Licence – Canada.

Work out the numbers

Everything below is calculated in your browser from figures you can change. Nothing is sent anywhere.

$340,000 · minimum here is $340,000
$7,527.23per month
Borrowed before insurance$1,360,000
Total borrowed$1,360,000
Interest over 25 years at 4.5%$898,170

If you rented it out

-$8,271.82per month out of pocket
Rent$0.00
Everything it costs to hold$8,271.82
How this is calculated, and what it leaves out

Canadian fixed-rate mortgages compound semi-annually, not monthly, so the monthly rate here is (1 + rate/2)1/6 − 1. Most calculators use rate ÷ 12, which is the American convention and overstates the payment by tens of dollars a month.

Below 20% down, default insurance is mandatory and is added to the loan rather than paid at closing: 2.80% at 85% loan-to-value, 3.10% at 90%, 4.00% at 95%. It is unavailable at or above $1.5M, which is why 20% is a hard floor there.

Not included: vacancy, property management, capital repairs, income tax, and the fact that a lender qualifies you at a stress-test rate rather than the one you are quoted. This is arithmetic on the numbers above, not a mortgage approval or an opinion of what you can afford.

Listed by ROYAL LEPAGE TRILAND REALTY. Listing data provided by the Toronto Regional Real Estate Board.