170 WELLINGTON St, St. Thomas MLS Number: X8204170
NW, St. Thomas, Elgin, ON, N5R 2S1$1,195,000
Status: For Sale
- Property Type: Commercial (Office)
- Property Taxes : $14601.96 (Tax Year:2022)
- Listing Courtesy : Cbre Limited, Brokerage
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$1,195,000
Status: For Sale
170 Wellington Street is situated on a 0.59 acre parcel improved with a 7,790 square foot, multi-tenant commercial building. Conveniently situated in an area predominated by residential uses, the Property offers access to a deep consumer base while maintaining a short walk to downtown St. Thomas providing access to various retail and commercial amenities. With flexible fourth residential (R4-34) zoning, the Site allows for an assortment of permitted uses. Currently, 5,753 square feet of the premises are leased to several tenants including a fitness centre, massage therapist and day spa. The remaining 2,037 square feet is presently vacant offering an exceptional opportunity for an owner-occupier or an investor looking to create value through a backfilling lease program. The Offering also represents a rare opportunity to make use of an income-producing property with future development potential as the underlying zoning entitlement permits a variety of low to medium density residential build.
Property Type | :Commercial |
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MLS Number | :X8204170 |
Listing Type | :Sale |
Possession Date | : |
Last Updated | :22 Jul, 2024 (108 Days ago) |
Source | :TRREB |
Area | :Elgin |
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Postal Code | : N5R 2S1 |
Price | : $1,195,000 |
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Property Taxes | :$14601.96 |
Tax Year | :2022 |
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Cross Street | :N/A |
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