128 Talbot Street East, Aylmer - Retail for Sale
128 Talbot Street East, Aylmer, Ontario, N5H1H5
10 parking10,000 ft² lot size
$1,299,888
Aylmer
128 Talbot Street East, Aylmer, Ontario, N5H1H5
$1,299,888
Aylmer
This retail property in Aylmer is for sale offering roughly 10,000 sq ft of space. It has been on the market 19 days, fresher than the Aylmer average of 59 days.
Exceptional investment opportunity in the heart of Aylmer! This freestanding, mixed-use commercial/residential building, zoned C1, offers approximately 10,000 sq. ft. of versatile space with tremendous income potential. The ground floor is 50% occupied by a Ukrainian restaurant, currently in the second year of a five-year lease, generating $4,000 in monthly rental income. The remaining 50% has been gutted and offers an opportunity for customization, with plans previously envisioned for a coin-operated laundromat and ample electrical capacity already in place. The second floor features 18 self-contained bachelor units, with vacant possession to be provided to the new owner on completion date. Additional highlights include ample side parking and street parking, newer flat and sloped roofing, a newer furnace, and updated plumbing with PVC piping. An outstanding opportunity for investors, developers and entrepreneurs seeking a property with multiple income streams and exciting potential to add value. Explore the possibilities this unique property has to offer! (id:66096)
Features and services as supplied by the listing brokerage.
Active: 19 days on market, against an average age of 59 days across the listings currently for sale in this city
This retail in Aylmer has been listed for 19 days, which is 40 days fresher than the city average of 59. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $1,299,888, about 15.7× the local median household income of $83,000.
Carrying it typically needs a household income of about $253,914 (20% down, 25-yr amortization, stress-tested) — roughly 206% above the area median.
Source: Statistics Canada, 2021 Census (FSA N5H)
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