361 Talbot Street St. Thomas, Ontario N5P 1B7
$790,000
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! (id:61716)
Business
| BusinessType | Other |
| BusinessSubType | Professional office(s) |
Property Details
| MLS® Number | X11909231 |
| Property Type | Office |
| Community Name | SW |
Building
| Age | 51 To 99 Years |
| CoolingType | Fully Air Conditioned |
| HeatingFuel | Natural Gas |
| HeatingType | Forced Air |
| SizeInterior | 3826 Sqft |
| Type | Offices |
| UtilityWater | Municipal Water |
Land
| Acreage | No |
| SizeDepth | 126 Ft ,1 In |
| SizeFrontage | 20 Ft ,9 In |
| SizeIrregular | 20.83 X 126.13 Ft ; 20.83 X 34.60 X0.41 X94.73 X20.83 X126.1 |
| SizeTotalText | 20.83 X 126.13 Ft ; 20.83 X 34.60 X0.41 X94.73 X20.83 X126.1 |
| ZoningDescription | C-1 Downtown Commercial |
https://www.realtor.ca/real-estate/27770223/361-talbot-street-st-thomas-sw
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March 25 2025 02:21:25
London and St. Thomas Association of REALTORS®
Royal LePage Triland Realty
