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$2,000,000
Status: OFF MARKET
Unbeatable Investment Opportunity! Welcome to 337 and 339 Talbot Street, St. Thomas - a prime commercial building featuring 14 units (3 commercial and 11 residential) with a remarkable 8.9% Capitalization Rate (Cap Rate). The icing on the cake? A Vendor Take-Back (VTB) option where the seller will hold 10% back at a fixed interest rate of just 3% interest only payments for one year. This means you can maximize your returns while securing flexible financing terms. With 337 Talbot offering 6 residential and 2 commercial units, and 339 Talbot providing 5 residential and 1 commercial unit. Central location, 12 minutes from VW Gigafactory. Clean environmental. This is an opportunity you can't afford to miss. Act fast to explore the full potential of 337 and 339 Talbot Street - your gateway to impressive rental income right in the heart of St. Thomas!
| Property Type | :Commercial |
|---|---|
| MLS Number | :X7017618 |
| Listing Type | :Sale |
| Possession Date | : |
| Last Updated | :27 Sep, 2023 (469 Days ago) |
| Source | :TRREB |
| Area | :Elgin |
|---|---|
| Postal Code | :
N5P 1B5
|
| Price | : $2,000,000 |
|---|---|
| Property Taxes | :$9854.51 |
| Tax Year | :2022 |
|---|
| Cross Street | :Talbot St And East St. |
|---|
29 Jul, 2022
TREB #X5714536
Available
$2000000.0
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