For Sale

361 Talbot Street, St. Thomas, Ontario N5P1B7

$790,000

361 Talbot Street, St. Thomas, Ontario N5P1B7 is For Sale and has a listing price of 790,000. The property is located in the St. Thomas neighbourhood. It's been on the website for 13 Days.

  • Office
    Property Type
  • Offices
    Building Type
  • MLS ID: X11909231
  • Office Name ROYAL LEPAGE TRILAND REALTY
Property Description

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:43137)

Property Details
  • Virtual Tour: Click Here
  • MLS ID: X11909231
  • Price: $790,000
  • Transaction Types: For Sale
  • Ref ID: 27770223
  • Year Built: N/A
  • Building Type: Offices
  • Property Type: Office
  • Property Type: Commercial
  • Property Sub Category: Office
Price History
List Date MLS ID List Price Status End Date Closed Price
01/04/2025 X11909231 $790,000 For Sale - -
09/06/2024 X9305785 $795,000 For Sale - -
Market Temperature
  • Buyer's Market
  • Balanced
  • Seller's Market
Neighborhood Stats
St. Thomas
  • $652,927 Average List Price
    based on 1 year
  • 59 New Listings
    based on 30 days
  • 0 Median Days on Market
    based on 1 year
  • List vs. Selling Price 94.58 % Up
  • Sold (12mo) 338
  • Rented (12mo) 45

  • 1 Month Change +2.1%
  • 3 Month Change -5.2%
  • 6 Month Change -1.9%
Walkscore
Property Type Distribution
  • All Houses
    87.6%
  • Commercial
    7.86%
  • Condo
    4.46%
  • Land for Sale
    0.08%
Additional Details
  • Heat Source Natural Gas
  • Heating System Forced Air
  • Water Municipal Water
  • Cooling System Fully Air Conditioned
  • Fireplace False
  • Taxes: N/A
  • Original Price: $0
  • Sold Price: $0
  • Addl Monthly Fees: $0
  • Listing Entry Date: 04/01/2025 00:00:00
  • Zoning M-c1 D38
  • Agent Name: DENNIS BROOME
  • Last Updated: 19/01/2025 17:20:09
Open House Dates
  • 1. 22/01/2025 (Start time: 4:00 PM - End time: 6:00 PM)
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