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$ 2,399,000
Est. payment | /mo
16,000 SqFt
$ 2,399,000
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 $149
Subdivision St. Thomas
MLS Listing ID X12404511
Annual Tax Amount $20,003
Tax Year 2024
Property Sub-Type Investment
Property Description
This mixed-use commercial property at 449-453 Talbot Street in the heart of Downtown St. Thomas presents a prime investment opportunity, offering the option of commercial space with vacant possession on closing or a fully tenanted building. Zoned C2, the property features an 8000 sq. ft. ground-floor commercial unit at 449 Talbot Street along with seven spacious loft-style residential units at 453 Talbot Street, each with separate hydro meters, hot water tanks, furnaces, and central air. With a gross annual rental income of $184,530, strong visibility, and excellent accessibility in a rapidly growing community, this property delivers solid returns and future growth potential. 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
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