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$2,499,000
Status: For Sale
This mixed-use commercial property at 449-453 Talbot Street, situated in the heart of Downtown St. Thomas, presents a prime investment opportunity. Fully tenanted and zoned C2, the property features an 8,000 sq. ft. commercial space on the ground floor at 449 Talbot Street, alongside seven spacious, loft-style residential units at 453 Talbot Street. Each residential unit is equipped with separate hydro meters, hot water tanks, furnaces, and central air conditioning. With a gross annual rental income of $184,530, this property provides a solid return on investment while offering potential for future growth. It also boasts excellent visibility and accessibility in a rapidly expanding, vibrant community. EXTRAS: Possibility of retail business for sale.
| Property Type | :Commercial |
|---|---|
| MLS Number | :X11960384 |
| Listing Type | :Sale |
| Possession Date | : |
| Last Updated | :25 Feb, 2025 (68 Days ago) |
| Source | :TRREB |
| Area | :Elgin |
|---|---|
| Postal Code | :
N5P 1C1
|
| Price | : $2,499,000 |
|---|---|
| Property Taxes | :$20003.00 |
| Tax Year | :2024 |
|---|
| Cross Street | :Hiawatha St |
|---|
06 Feb, 2025
TREB #X11960384
Available
$2,499,000
