275 Talbot Street St. Thomas, Ontario N5P 1B3

None Baseboard Heaters

$1,295,000

Excellent Investment Opportunity near the Prestigious Courthouse area of Downtown St. Thomas. Recently Updated Mixed use Commercial Building with 7 Residential Units ( 6 One Bedroom Units + 1 Bachelor )and One Commercial Unit. Gross Yearly Income of $116,280.00. Current NET Income shows an approximate 7.4% return on asking price. Each Unit has its own Hydro meter and all Tenants pay their own Heat & Hydro. Building has Secure Entry, Fire Alarm System and Panel, Security Cameras and Emergency Exits. Recent Updates Include Renovations and Upgrades to Units 1,2,3,4,5 and 7. Exterior Front/Side/Rear Wall Elevations Renovated along with Exterior Windows ( 3 Years ago ), Interior Hallways Renovated with all Vinyl Flooring and LED Sensor Lighting ( 2 Years ago ). Owned Hot Water Heaters ( 2 Years ago ). Easy Access to London and Highway 401 as well as Port Stanley's Beaches. Walking distance to Convenient Shopping including Grocery Stores, Service Centres, Boutiques and more. (id:42861)

Business

Business Type Retail and Wholesale
Business Sub Type Retail misc.

Property Details

MLS® Number X13744814
Property Type Retail
Community Name St. Thomas

Building

Appliances Water Heater
Cooling Type None
Heating Type Baseboard Heaters
Utility Water Municipal Water

Land

Acreage No
Sewer Sanitary Sewer
Size Depth 122 Ft
Size Frontage 22 Ft ,9 In
Size Irregular 0.09
Size Total 0.09 Ac
Size Total Text 0.09 Ac
Zoning Description C1-3

https://www.realtor.ca/real-estate/30234823/275-talbot-street-st-thomas-st-thomas

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Joe Buczkowski
Salesperson

(519) 633-0600

Royal LePage Triland Realty

(519) 633-0600