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:4069)
Address
361 TALBOT STREET
List Price
$790,000
Property Type
Office
Type of Dwelling
Offices
Area
Ontario
Sub-Area
St Thomas
Floor Area
3,826 Sq. Ft.
Lot Size
20.83 x 126.13 FT ; 20.83 X 34.60 X0.41 X94.73 X20.83 X126.1 Sq. Ft.
MLS® Number
X11909231
Listing Brokerage
ROYAL LEPAGE TRILAND REALTY
Postal Code
N5P1B7
Zoning
C-1 DOWNTOWN COMMERCIAL
