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$ 2,399,000
Est. payment | /mo
17 Beds
1 Bath
$ 2,399,000
Est. payment | /mo
17 Beds
1 Bath
Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 5000 +
Subdivision St. Thomas
MLS Listing ID X12404508
Style Other
Bedrooms 17
Annual Tax Amount $20,003
Tax Year 2024
Property Sub-Type Multiplex
Property Description
This mixed-use commercial property at 449-453 Talbot Street in the heart of Downtown St. Thomas presents a prime investment opportunity, offering the option of commercial space with vacant possession on closing or a fully tenanted building. Zoned C2, the property features an 8000 sq. ft. ground-floor commercial unit at 449 Talbot Street along with seven spacious loft-style residential units at 453 Talbot Street, each with separate hydro meters, hot water tanks, furnaces, and central air. With a gross annual rental income of $184,530, strong visibility, and excellent accessibility in a rapidly growing community, this property delivers solid returns and future growth potential. Extras: possibility of retail business for sale.
Location
Province ON
County Elgin
Community St. Thomas
Area Elgin
Rooms
Family Room No
Basement Full, Unfinished
Kitchen 7
Interior
Interior Features Separate Hydro Meter
Cooling Central Air
Fireplace No
Heat Source Gas
Exterior
Parking Features None
Pool None
Roof Type Flat
Lot Frontage 66.0
Building
Unit Features School,School Bus Route,Public Transit
Foundation Brick, Poured Concrete
Others
ParcelsYN No
Listed by ROYAL LEPAGE TRILAND REALTY
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