275 Talbot Street St. Thomas, Ontario N5P 1B3
$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:63476)
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 |
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September 04 2026 05:20:56
London and St. Thomas Association of REALTORS®
Royal LePage Triland Realty