26
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$790,000
Est. payment /mo
3,826 SqFt
Active
361 TALBOT STREET St. Thomas, ON N5P1B7
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 3,826 sqft
Price per Sqft $206
Subdivision Sw
MLS® Listing ID X11909231
Originating Board London and St. Thomas Association of REALTORS®
Property Description
Prime Downtown St. Thomas Medical Office Long-Term Tenant & Strong Investment Opportunity. This exceptional investment property is a fully leased medical office in downtown St. Thomas, occupied by the same tenant for over 10 years. A new 2-year lease extension began December 1, 2024, ensuring continued stability. The building has been completely renovated into modern office spaces on both levels to accommodate the current tenants needs. Additional updates include a newer roof. The tenant is responsible for all expenses, inclusive of realty taxes and insurance. Net income to the landlord of $49,800 per year. Landlord is responsible for the roof, replacement of HVAC (if required), and structure. A rare opportunity to own a turnkey income-generating property with a long-term, reliable tenant in a prime location! (id:24570)
Location
Province ON
Interior
Heating Forced air
Cooling Fully air conditioned
Exterior
Parking Features No
View Y/N No
Private Pool No
Others
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Listed by ROYAL LEPAGE TRILAND REALTY