Multi-Unit Residential Property for Sale

USD$740,000.00

St Lucia Real Estate

Prime Residential Property in the Heart of Castries

This multi-unit residential property is ideally located along Morne Road, within the Quarter of Castries—approximately two miles from the City Centre with easy access to schools, public transport, and essential services.

Situated on a gently sloping hillside lot, the property offers strong redevelopment potential, income flexibility, and long-term capital upside in one of Castries’ most established residential corridors.

Land Area (Total): approx. 37,061 sq ft
- Parcel 2: 13,336 sq ft
- Parcel 3: 23,681 sq ft
Tenure: Absolute Freehold
Zoning: Residential
Access: Concrete road access from Morne Main Road
Vacant Possession: Yes

Property For Sale in St Lucia

The property comprises a two-storey reinforced concrete residential building, approximately 56 feet long by 40 feet wide, constructed with reinforced concrete slab on grade and reinforced concrete suspended slab.

Accommodation Layout

Ground Floor

3 bedrooms
1 bathroom
Living & dining area
Kitchen
Porch and laundry access

Top Floor

4 bedrooms
3 bathrooms
Living & dining area
Kitchen
Office / library
2 porches

This configuration allows for multi-family living, rental income, or conversion into multiple apartments.

Services & Utilities

Electricity: Single-phase mains supply
Water: Public mains + 400-gallon PVC water tank
Hot Water: Solar system
Sewer: Septic tank
Cable: Available

Condition & Value-Add Potential

The building is over 40 years old and in good to fair condition, with clear opportunities for modernization. Noted areas include:

Localized roof tile repairs
Ceiling and bulkhead repairs on the top floor
Replacement of some ceramic floor tiles
General cosmetic upgrades

The remaining economic life is estimated at approximately 30 years, making this an ideal candidate for renovation, reconfiguration, or phased redevelopment.

Highest & Best Use

The valuer confirms the highest and best use is residential, with strong potential for:

Income-producing apartments
Multi-generational residence
Long-term redevelopment holding
Renovation and resale strategy

Comparable residential properties in the area support values up to EC$1.5M+ for upgraded homes, reinforcing upside potential post-improvement.

Why This Property Stands Out

✔ Central Castries location
✔ Large combined land parcels
✔ Freehold title
✔ Vacant possession
✔ Flexible residential layout
✔ Strong renovation / income upside