275 Talbot Street,St. Thomas, ON N5P1B3
St. Thomas, ON N5P1B3
Description
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. (id:13843)
Details
| MLS # | X13744814 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Days On Site | 61 |
| Listing Provided By | ROYAL LEPAGE TRILAND REALTY | JOE BUCZKOWSKI |
Features
| Zoning | C1-3 |
|---|---|
| Acreage | 0.09 |
Interior
| Cooling | None |
|---|---|
| Heating | Baseboard heaters |
| Appliances | Water Heater |
| Fireplace Yes / No | No |
Utilities
| Sewer | Sanitary sewer |
|---|---|
| Water Source | Municipal water |
Taxes
| Tax Annual Amount | 6630.8 |
|---|---|
| Tax Year | 2026 |
Area Information
| Province | ON |
|---|---|
| City | St. Thomas |
| Postal Code | N5P1B3 |
| Listing VS Median (in N5P1B3) | |
Price: $1,295,000 low | high Med: $0 On site: 61 low | high Med: | |
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Learn More About This Property
| Province | ON |
|---|---|
| City | St. Thomas |
| Postal Code | N5P1B3 |
| Listing VS Median (in N5P1B3) | |
Price: $1,295,000 low | high Med: $0 On site: 61 low | high Med: | |
