361 Talbot Street For Sale

St. Thomas, SW, N5P 1B7

$795,000

Description

Listed by ROYAL LEPAGE TRILAND REALTY.

EXCELLENT DOWNTOWN ST THOMAS MEDICAL OFFICE LEASED TO THE SAME TENANT FOR OVER TEN YEARS, WITH A NEW 2 YEAR EXTENSION ON THE EXISTING LEASE EFFECTIVE DECEMBER1ST,2024 THIS IN AN EXCELLENT INVESTMENT PROPERTY. IT HAS BEEN COMPLETELY RENOVATED INTO OFFICES ON BOTH LEVELS FOR THE CURRENT TENANT. THERE IS ALSO A NEWER ROOF. TENANT IS RESPONSIBLE FOR ALL EXPENSES INCLUSIVE OF REALTY TAXES AND INSURANCE. NET INCOME TO THE LANDLORD OF $49,800.00 PER YEAR. LANDLORD RESPONSIBLE FOR ROOF, REPLACEMENT OF HVAC IF REQUIRED AND STRUCTURE.

Location

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  • Address: 361 Talbot Street
  • Neighborhood: SW
  • City: St. Thomas
  • State: Ontario
  • Postal Code: N5P 1B7

Property Video

Property Details

  • Property ID: X9305785
  • Property Price: $795,000
  • Style: Investment, Office
  • Year Built: 51-99
  • A/C: Y
  • Basement: Y
  • Heating: Gas Forced Air Closd
  • Taxes: $5,607.41 (2024)
  • Lot: 126.13x20.83 (Feet) - 20.83 X 34.60 X0.41 X94.73 X20.83 X126.1

Property History

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Contact Manoj Kukreja

Sales Representative, Re/max Premier Inc., Brokerage
(647) 576 - 2100