This mixed-use commercial property at 449-453 Talbot Street in the heart of Downtown St. Thomas presents a prime investment opportunity, offering the option of commercial space with vacant possession on closing or a fully tenanted building. Zoned C2, the property features an 8000 sq. ft. ground-floor commercial unit at 449 Talbot Street along with seven spacious loft-style residential units at 453 Talbot Street, each with separate hydro meters, hot water tanks, furnaces, and central air. With a gross annual rental income of $184,530, strong visibility, and excellent accessibility in a rapidly growing community, this property delivers solid returns and future growth potential. Extras: possibility of retail business for sale.
Address
449 Talbot Street
List Price
$2,399,000
MLS® Status
New
Expiration Date
2026-02-28
Property Type
Commercial
Type of Dwelling
Investment
Transaction Type
Sale
Area
St. Thomas
Region
Elgin
Lot Size Source
MPAC
Lot Type
Lot
Lot Size Units
Feet
Lot Width
66
Parcel Number
351730084
Total Building Area
16000
Occupant Type
Tenant
Cross Street
Hiawatha St
MLS® Number
X12404511
Listing Brokerage
ROYAL LEPAGE TRILAND REALTY
Basement
Yes
Postal Code
N5P 1C1
Posession Details
Flexible
Tax Amount
$20,003.00
Tax Year
2024
Standard Status
Active
Board Or Association
London and St. Thomas Association of REALTORS
Heat Type
Gas Forced Air Closed
Cooling Features
Yes
Garage Type
None