Attention Investors! Worry-free investment opportunity offering an excellent rate of return. Prime mixed-use building located in the heart of St. Thomas' main commercial district at the high-visibility corner of Talbot Street and Elgin Street. This approximately 1,800 sq. ft. income-producing property features a fully leased commercial unit on the main floor and a spacious 2-bedroom, Living room , Kitchen and 1-Full bathroom apartment on the second floor. The second-floor kitchen and bathroom were fully renovated in 2026, enhancing the appeal of the residential unit. The property also includes an additional unfinished basement, offering excellent storage or future potential (subject to applicable approvals).Both the commercial and residential units are fully leased, providing stable and reliable cash flow from day one. A true turnkey investment in a sought-after location with strong long-term income potential. (id:13843)
| MLS # | X13559158 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Days On Site | 102 |
| Listing Provided By | CENTURY 21 PROPERTY ZONE REALTY INC. | GURPREET SINGH BUTTER |
| Bath(s) | 2 Total |
|---|---|
| SQ Feet | 1,800 |
| Zoning | C2 |
| Cooling | Fully air conditioned |
|---|---|
| Heating | Forced air, Natural gas |
| Fireplace Yes / No | No |
| Water Source | Municipal water |
|---|
| Tax Annual Amount | 4583.71 |
|---|
| Province | ON |
|---|---|
| City | St. Thomas |
| Postal Code | N5P1B6 |
| Listing VS Median (in N5P1B6) | |
Price: $489,000 low | high Med: $489,000 sqft: 1,800 low | high Med: 1,800 $ / sqft: $272 low | high Med: $272 On site: 102 low | high Med: 102 | |
| Province | ON |
|---|---|
| City | St. Thomas |
| Postal Code | N5P1B6 |
| Listing VS Median (in N5P1B6) | |
Price: $489,000 low | high Med: $489,000 sqft: 1,800 low | high Med: 1,800 $ / sqft: $272 low | high Med: $272 On site: 102 low | high Med: 102 | |