$325,000
94 CHESTNUT STREET
Beds
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Baths
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Sqft
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Year
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Type
Vacant Land
Suite
Investment signal
Location nearby
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for St. Thomas. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.
About this home
Prime development opportunity in St. Thomas with R3 zoning, allowing for a range of multi-unit residential uses. This vacant parcel offers excellent potential for builders and investors looking to develop in a growing community with increasing rental demand. This centrally located lot is ideal for multi-family, multi-unit dwellings with additional dwelling units. A rare chance to secure land with flexible zoning in the heart of the city. (id:65958)
- Subtype
- Vacant Land
- Community
- St. Thomas
- Lot dimensions
- 120.41 x 117.56 FT
- On market
- Apr 22, 2026
- Status changed
- Apr 23, 2026
- Annual tax
- $0
- Zoning
- R3
- Photos
- 10
- MLS#
- X13030962
- Area
- ST._THOMAS
Features and systems
Utilities
Cash on cash
6.04%
Cap rate
6.07%
GRM
11.3
Break-even rent
$2,055
Financing
Operating expenses (monthly)
Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.
Mortgage estimate
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 23, 2026.