$ 795,000
361 Talbot ST St. Thomas, ON N5P 1B7
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$ 795,000
Est. payment | /mo
3,826 SqFt
$ 795,000
Est. payment | /mo
3,826 SqFt
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 3,826 sqft
Price per Sqft $207
MLS Listing ID X9305785
Annual Tax Amount $5,607
Tax Year 2024
Property Description
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.
Location
Province ON
County Elgin
Area Sw
Interior
Cooling Yes
Exterior
Utilities Available Yes
Others
Security Features No
Listed by ROYAL LEPAGE TRILAND REALTY
"Helping clients build weath through strategic real estate aquisitions"
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