333-339 Talbot St, St. Thomas MLS Number: X6069148
St. Thomas, Elgin, ON, N5P 1B5$1,800,000
Status: OFF MARKET
- Property Type: Commercial (Investment)
- Property Taxes : $9855.00 (Tax Year:2022)
- Listing Courtesy : Mysak Realty Inc., Brokerage
Maximum 4 project can be compared at one go.
$1,800,000
Status: OFF MARKET
8.4% going-in cap rate approx. Amazing cashflow with a ROI Of 16% using estimates of maintenance, super, management and vacancy. 14 units comprised Of 11 residential (6 X 1 Bed, 5 X 2 Bed) And 3 commercials units. 5 units well below market rent giving immediate lift to your ROI with each turnover. Two commercial tenants are signed until 2027. The property is located on the corner of Talbot St and East St, ensuring your business will be situated in a competitive environment. 12 minutes from VW Gigafactory. Coin-operated washer and dryer in the building. Achieve market rents on vacant units. Clean environmental.
Property Type | :Commercial |
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MLS Number | :X6069148 |
Listing Type | :Sale |
Possession Date | : |
Last Updated | :06 Jun, 2023 (581 Days ago) |
Source | :TRREB |
Area | :Elgin |
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Postal Code | : N5P 1B5 |
Price | : $1,800,000 |
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Property Taxes | :$9855.00 |
Tax Year | :2022 |
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Cross Street | :Talbot St. & East St. |
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30 May, 2023
TREB #X6069148
Available
$1800000.0