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    For Sale - 275 Talbot Street, St. Thomas, Ontario

    Est payment $6,218/mo
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    Views   1
    Time on Jump  35 day

    AI Summary *

    • Great investment in a sought-after area with solid income potential.
    • Seven residential units plus a commercial unit for diverse income streams.
    • All units have separate hydro meters for tenant convenience.
    • Recent upgrades to units and common areas enhance appeal.
    • Convenient location near shopping, highways, and beaches.




    Excellent investment opportunity near the prestigious courthouse area of downtown st. Thomas. Recently updated mixed use commercial building with 7 residential units ( 6 one bedroom units + 1 bachelor )and one commercial unit. Gross yearly income of $116,280. 00. Current net income shows an approximate 7. 4% return on asking price. Each unit has its own hydro meter and all tenants pay their own heat & hydro. Building has secure entry, fire alarm system and panel, security cameras and emergency exits. Recent updates include renovations and upgrades to units 1,2,3,4,5 and 7. Exterior front/side/rear wall elevations renovated along with exterior windows ( 3 years ago ), interior hallways renovated with all vinyl flooring and led sensor lighting ( 2 years ago ). Owned hot water heaters ( 2 years ago ). Easy access to london and highway 401 as well as port stanley's beaches. Walking distance to convenient shopping including grocery stores, service centres, boutiques and more.
    Listing IDX13744814
    Address275 Talbot Street
    CitySt. Thomas, Ontario
    Price$1,295,000
    StyleCommercial Retail
    TypeIndustrial/Commercial
    StatusFor Sale

    Subtype Commercial RetailHeating / Cooling BaseboardSewer Sanitary

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    Listing Brokerage: ROYAL LEPAGE TRILAND REALTY

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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    275 Talbot Street
    St. Thomas , Ontario
    $1,295,000
    Get more info