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In-PersonVirtual Tour
$ 2,499,000
Est. payment | /mo
16,000 SqFt
$ 2,499,000
Est. payment | /mo
16,000 SqFt
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 16,000 sqft
Price per Sqft $156
Subdivision St. Thomas
MLS Listing ID X11960384
Annual Tax Amount $20,003
Tax Year 2024
Property Sub-Type Investment
Property Description
This mixed-use commercial property at 449-453 Talbot Street, situated in the heart of Downtown St. Thomas, presents a prime investment opportunity. Fully tenanted and zoned C2, the property features an 8,000 sq. ft. commercial space on the ground floor at 449 Talbot Street, alongside seven spacious, loft-style residential units at 453 Talbot Street. Each residential unit is equipped with separate hydro meters, hot water tanks, furnaces, and central air conditioning. With a gross annual rental income of $184,530, this property provides a solid return on investment while offering potential for future growth. It also boasts excellent visibility and accessibility in a rapidly expanding, vibrant community. EXTRAS: Possibility of retail business for sale.
Location
Province ON
County Elgin
Community St. Thomas
Area Elgin
Interior
Cooling Yes
Exterior
Utilities Available Yes
Lot Frontage 66.0
Listed by ROYAL LEPAGE TRILAND REALTY
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "