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

St. Thomas N5P 1B7 Ontario

MLS: X11909231

$790,000

Added 5 days ago | For Sale

Listed by: ROYAL LEPAGE TRILAND REALTY

About Property

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!

Features

  • House Style:Investment
  • Bathrooms:
  • Land Size: 20.83 X 126.13
  • Water:Municipal
  • Garage Spaces: /None
  • Driveway:
  • Heating Fuel:
  • Cross Street:TALBOT EAST
  • Basement: ,
  • Possession Date:
  • Annual Property taxes: $5607.41
  • Bedrooms:
  • Total Parking Spaces:0
  • Parking Places:0
  • Heating Type:Gas Forced Air Closed
  • Pool Type:
  • Exterior:
  • Direction Facing:
  • Front Footage:
  • Listing ID:X11909231

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