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$2,499,000
Est. payment /mo
17 Beds
1 Bath
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Active
Purchase Type For Sale
Subdivision St. Thomas
MLS Listing ID X11960774
Style Other
Bedrooms 17
Annual Tax Amount $20,003
Tax Year 2024
Property Sub-Type Multiplex
Lot Front 66.0
Property Description
Located in the heart of Downtown St. Thomas, 449-453 Talbot Street is a fully tenanted, mixed-use commercial building offering a fantastic investment opportunity. Zoned C2, this property features an 8,000 sq. ft. commercial space on the ground floor at 449 Talbot Street, while 453 Talbot Street includes seven residential units, each with separate hydro meters, hot water tanks, furnaces, and central air conditioning. With a gross annual rental income of $184,530 and room for future growth, this turn-key property offers excellent visibility, accessibility, and modern upgrades in a thriving and rapidly expanding community.
Location
Province ON
County Elgin
Community St. Thomas
Area Elgin
Rooms
Family Room No
Basement None
Kitchen 7
Interior
Interior Features Separate Hydro Meter
Cooling Central Air
Fireplace No
Heat Source Gas
Exterior
Parking Features None
Pool None
Roof Type Flat
Lot Frontage 66.0
Building
Foundation Brick, Poured Concrete
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Listed by ROYAL LEPAGE TRILAND REALTY