242 Alma Street, St. Thomas, ON
Property no longer active
This property was sold on September 12, 2025. This listing is for reference purposes only. to view the sold price.
Property Highlights
Welcome to this remarkable vacant land located in the coveted neighborhood of St. Thomas. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $219,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 0 Bedrooms and 0 Bathrooms
- Generous living space spanning < 700 sqft on a premium 39.64 x 179.19 ft lot
- Notable attributes: None
Description
Prime Infill Lot in St. Thomas. Grading plan paid ($6800). Parkland fee paid ($11,000), Lot serviced ($38,000). Vacant lot tucked into a mature, quiet subdivision in St. Thomas. Close to Waterworks park, Lockes PS. R3 zoning and full municipal servicing in place, this site is ready for a variety of residential builds. No demolition required just a clean slate with established infrastructure and design flexibility thanks to the extra-deep 179 ft lot. The location offers a strong mix of convenience and lifestyle just 20 minutes to London or the beach in Port Stanley.Whether youre a builder seeking your next project or an investor looking to grow your rental portfolio, this lot checks all the boxes for urban infill potential.VTB available.
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Property Summary
This vacant land located at 242 Alma Street, St. Thomas is currently for sale and has been available on SousaSells for 384 days. This property is listed at $219,000 with an estimated mortgage of $729* per month. It has 0 beds, 0 bathrooms, and is < 700 square feet. 242 Alma Street, St. Thomas is in the St. Thomas neighborhood.
* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Key Features
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No historical data available for this property.
This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 242 Alma Street, St. Thomas, ON N5P 3B8
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in St. Thomas, ON
For a property listed at $219,000 in St. Thomas, the legal minimum down payment is $10,950 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $1,915 for this transaction. As this listing is in St. Thomas (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $1,915.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.