275 Talbot Street, St. Thomas - Business for Sale
275 Talbot Street, St. Thomas, Ontario, N5P1B3
Description
Exceptional opportunity to own a unique restaurant in the hart of St. Thomas downtown, jut steps from Port Stanley Beach, surrounded by high traffic, perfectly positioned in a vibrant commercial/residential area. The restaurant benefits from steady city visitors and loyal local customers. This highly rated by neighbourhood patrons and recognized citywide for quality & service that's providing for the communities, low monthly rent only $500 Plus Hst Including water. This is an ideal investment for restaurateurs looking to expand or entrepreneurs seeking a profitable established operation, also this unique restaurant could be expanded to franchise. Seller welling to provide a training to the new owner if need it. Please Do Not go direct to to the Seller. Call to book your private appointment. (id:66096)
Property Details
- MLS®
- X13710134
- Property Type
- Business
- Business Type
- Restaurant
- Zoning
- N/A
- Frontage
- 23 ft
- Heating
- Baseboard heaters
- Cooling
- Fully air conditioned
- Property Tax
- $6,580/yr
- Listed
- 72 days ago
Services
- Water
- Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Long Listed: 72 days on market, against an average age of 71 days across the listings currently for sale in this city
Homes here sell close to asking price
Homes in this market sold for an average of 97.5 percent of their asking price over the past year, above the 96.4 percent median across the markets we publish.
This business in St. Thomas is available now. Want me to connect you with the agent or keep you posted on any price updates?
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Neighbourhood profile (N5P)
This home lists at $60,000, about 0.8× the local median household income of $77,500.
Carrying it typically needs a household income of about $11,720 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.
- Median household income
- $77,500
- Population
- 21,081
- Median age
- 42.8
- Owner / renter
- 68% / 32%
- Avg. household size
- 2.4
Source: Statistics Canada, 2021 Census (FSA N5P)
Book a showing
Pick a time that suits you. A verified local agent confirms within 24h.
Buying this business?
Acquisition financing works differently from a property mortgage. Tell our partner brokers at iShopRates what you are buying and they will come back with options.
Ask about acquisition financing →
$60,000
St. Thomas