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$795,000
Status: For Sale
EXCELLENT DOWNTOWN ST THOMAS MEDICAL OFFICE LEASED TO THE SAME TENANT FOR OVER TEN YEARS, WITH A NEW 2 YEAR EXTENSION ON THE EXISTING LEASE EFFECTIVE DECEMBER1ST,2024 THIS IN AN EXCELLENT INVESTMENT PROPERTY. IT HAS BEEN COMPLETELY RENOVATED INTO OFFICES ON BOTH LEVELS FOR THE CURRENT TENANT. THERE IS ALSO A NEWER ROOF. TENANT IS RESPONSIBLE FOR ALL EXPENSES INCLUSIVE OF REALTY TAXES AND INSURANCE. NET INCOME TO THE LANDLORD OF $49,800.00 PER YEAR. LANDLORD RESPONSIBLE FOR ROOF, REPLACEMENT OF HVAC IF REQUIRED AND STRUCTURE.
| Property Type | :Commercial |
|---|---|
| MLS Number | :X9305785 |
| Listing Type | :Sale |
| Property Age | :51-99 Years |
| Possession Date | : |
| Last Updated | :04 Dec, 2024 (18 Days ago) |
| Source | :TRREB |
| Area | :Elgin |
|---|---|
| Postal Code | :
N5P 1B7
|
| Price | : $795,000 |
|---|---|
| Property Taxes | :$5607.41 |
| Tax Year | :2024 |
|---|
| Cross Street | :TALBOT EAST |
|---|
| Virtual Tour | :Virtual Tour (External Link) |
|---|
07 Sep, 2024
TREB #X9305785
Available
$795000.0
