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410 Talbot Street St. Thomas, Ontario N5P 1B9

Central Air Conditioning Forced Air

$8,700,000

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:39551)

Property Details

MLS® Number 40209439
Property Type Other
Features Corner Site
Parking Space Total 38

Building

Basement Development Finished
Basement Type Full (finished)
Cooling Type Central Air Conditioning
Fireplace Present No
Heating Fuel Electric
Heating Type Forced Air
Stories Total 3
Size Exterior 28104.0000
Utility Water Municipal Water

Land

Acreage No
Sewer Sanitary Sewer, Storm Sewer
Size Depth 166 Ft
Size Frontage 109 Ft
Size Irregular 0.42
Size Total 0.42 Ac|under 1/2 Acre
Size Total Text 0.42 Ac|under 1/2 Acre
Zoning Description Commercial C2

https://www.realtor.ca/real-estate/24171229/410-talbot-street-st-thomas

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