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CAD 8,700,000

410 TALBOT Street
St. Thomas, Ontario

Property Description

Mixed Use 3-story Building with 10,623 SQ FT ground floor commercial situated on high profile (.42 acre) site in downtown core area of St. Thomas. On site parking for 26 cars. Anchored by Shoppers Drug mart (7500 SQ FT.) . 24 Upper floor (elevator accessible) apartment units. (6-1 Bed, 14-2 Bed and 6-3 Bed). 13 units newly renovated. Recently completed exterior and interior (common area) building improvements and updates. Also includes additional separate deeded parking lot for 12 cars located at 13 Hincks Street (.11 acres). Commercial leases are net. Residential tenants pay for hydro utilities including heat, air conditioning and water heater rentals. Two coin operated laundry rooms. Full basement partially occupied by Shoppers Drug mart. Building is in very good well maintained condition. Many long term tenants. Residential rents are below market. Excellent long term investment with significant upside potential. Additional parking lot (.11 acre) located at 13 Hincks Street is available for additional development. Additional property information and financials available. (id:885)

Courtesy of CITIMAX REALTY LTD.

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Property Details

ID #
40209439
Status
For Sale
Postal Code
N5P1B9
Basement
Finished, Full (Finished)
Cooling Type
Central air conditioning
Heating Fuel
Electric
Heating Type
Forced air
Ownership Type
Freehold
Parking Space Total
38
Sewer
Sanitary sewer, Storm sewer
Size Depth
166 ft
Utility Water
Municipal water
Zoning Description
Commercial C2
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