361 Talbot ST Active

St. Thomas,ON N5P 1B7

$ 795000

- Bed

- Bath

3826 SqFt


Key Details

Property Type Commercial

Sub Type Investment

Listing Status Active

Purchase Type For Sale

Square Footage 3,826 sqft

Price per Sqft $207

MLS Listing ID X9305785

Annual Tax Amount $5,607

Tax Year 2024

Property Description

EXCELLENT DOWNTOWN ST THOMAS MEDICAL OFFICE LEASED TO THE SAME TENANT FOR OVER TEN YEARS, WITH A NEW 2 YEAR EXTENSION ON THE EXISTING LEASE EFFECTIVE DECEMBER1ST,2024 THIS IN AN EXCELLENT INVESTMENT PROPERTY. IT HAS BEEN COMPLETELY RENOVATED INTO OFFICES ON BOTH LEVELS FOR THE CURRENT TENANT. THERE IS ALSO A NEWER ROOF. TENANT IS RESPONSIBLE FOR ALL EXPENSES INCLUSIVE OF REALTY TAXES AND INSURANCE. NET INCOME TO THE LANDLORD OF $49,800.00 PER YEAR. LANDLORD RESPONSIBLE FOR ROOF, REPLACEMENT OF HVAC IF REQUIRED AND STRUCTURE.

Location

Province ON

County Elgin

Community Sw

Area Elgin

Region SW

City Region SW

Interior

Cooling Yes

Exterior

Utilities Available Yes

Others

Security Features No

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