$790,000
Available - For Sale
Listing ID: X11909231
361 Talbot St , St. Thomas, N5P 1B7, Ontario
| Prime Downtown St. Thomas Medical Office Long-Term Tenant & Strong Investment Opportunity. This exceptional investment property is a fully leased medical office in downtown St. Thomas, occupied by the same tenant for over 10 years. A new 2-year lease extension began December 1, 2024, ensuring continued stability. The building has been completely renovated into modern office spaces on both levels to accommodate the current tenants needs. Additional updates include a newer roof. The tenant is responsible for all expenses, inclusive of realty taxes and insurance. Net income to the landlord of $49,800 per year. Landlord is responsible for the roof, replacement of HVAC (if required), and structure. A rare opportunity to own a turnkey income-generating property with a long-term, reliable tenant in a prime location! |
| Price | $790,000 |
| Taxes: | $5607.41 |
| Tax Type: | Annual |
| Occupancy by: | Tenant |
| Address: | 361 Talbot St , St. Thomas, N5P 1B7, Ontario |
| Postal Code: | N5P 1B7 |
| Province/State: | Ontario |
| Legal Description: | PART LOT 13 N/S TALBOT STREET PLAN 15 ST |
| Lot Size: | 20.83 x 126.13 (Feet) |
| Directions/Cross Streets: | TALBOT EAST |
| Category: | Office |
| Use: | Professional Office |
| Building Percentage: | Y |
| Total Area: | 3826.00 |
| Total Area Code: | Sq Ft |
| Approximatly Age: | 51-99 |
| Financial Statement: | N |
| Chattels: | N |
| Franchise: | N |
| Sprinklers: | N |
| Outside Storage: | N |
| Rail: | N |
| Crane: | N |
| Heat Type: | Gas Forced Air Closd |
| Central Air Conditioning: | Y |
| Elevator Lift: | None |
| Sewers: | San+Storm |
| Water: | Municipal |
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| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
| ROYAL LEPAGE TRILAND REALTY |
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Gaurang Shah
Licenced Realtor
Dir:
416-841-0587
Bus:
905-458-7979
Fax:
905-458-1220
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At a Glance:
| Type: | Com - Investment |
| Area: | Elgin |
| Municipality: | St. Thomas |
| Neighbourhood: | SW |
| Lot Size: | 20.83 x 126.13(Feet) |
| Approximate Age: | 51-99 |
| Tax: | $5,607.41 |
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