361 Talbot Street
St. Thomas, N5P 1B7
FOR SALE
$790,000

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Investment
CATEGORY3,826 Sq Ft
TOTAL AREAX11909231
MLSIDContact Us
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!
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Property Details
Address
361 Talbot Street
Community
City
Postal Code
N5P 1B7
Property Type
Investment, Investment
Use
Office
Zoning
C-1 DOWNTOWN COMMERCIAL
Lot Size
21' x 126'
Total Area
3,826 Sq Ft
Taxes
$5,607 (2024
Basement
[]
Exterior
[]
Heat Type
Gas Forced Air Closed
Water
Municipal
Pool
[]
Garage Type
None
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Listing contracted with Royal Lepage Triland Realty
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