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.
MLS# | X11960384 |
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Listing Type | For Sale |
Sub-Type | Resale |
Status | New |
Days On Site | 38 |
Listing Provided By | ROYAL LEPAGE TRILAND REALTY | Not Provided |
SQ Feet | 16,000 |
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Acreage | 0.37 |
Province | ON |
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Region | Elgin |
City | St. Thomas |
Postal Code | N5P 1C1 |
Area | St. Thomas |
Listing VS Median (In N5P 1C1) | |
Price: $2,499,000 low | high Med: $569,000 SqFt: 16,000 low | high Med: 3,369 $ / SqFt: $156 low | high Med: $169 On site: 38 low | high Med: 60.000000 |