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!
MLS# | X11909231 |
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Listing Type | For Sale |
Sub-Type | Resale |
Status | New |
Days On Site | 34 |
Listing Provided By | ROYAL LEPAGE TRILAND REALTY | Not Provided |
SQ Feet | 3,826 |
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State | ON |
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County | Elgin |
City | St. Thomas |
Zip Code | N5P 1B7 |
Area | SW |
Listing VS Median (in N5P 1B7) | |
Price: $790,000 low | high Med: $395,009 SqFt: 3,826 low | high Med: 2,513 $ / SqFt: $206 low | high Med: $103 On Site: 34 low | high Med: 102.000000 |