$790,000
( $206.48Per Sq Foot )
 $4,241 est/mo Sourced by Back At You

361 Talbot Street , St. Thomas, ON N5P 1B7

St. Thomas, ON N5P 1B7

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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!

Details

MLS#X11909231
Listing TypeFor Sale
Sub-TypeResale
StatusNew
Days On Site34
Listing Provided ByROYAL LEPAGE TRILAND REALTY | Not Provided

Features

SQ Feet3,826
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Toronto Real Estate Board.

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Listings Checked: 5 hours ago
StateON
CountyElgin
CitySt. Thomas
Zip CodeN5P 1B7
AreaSW
Listing VS Median (in N5P 1B7)
Price:
$790,000
low | high
Med:
$395,009
99.998860759494% of Average
SqFt:
3,826
low | high
Med:
2,513
84.317825405123% of Average
$ / SqFt:
$206
low | high
Med:
$103
99.996367721519% of Average
On Site:
34
low | high
Med:
102.000000
33.333333333333% of Average
Sourced by Back At You
Listing Updated: February 4, 2025 at 4:02:15 AM PST