170 Wellington Street, St. Thomas, Ontario, N5R2S1
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$1,690,000
St. Thomas
This office property in St. Thomas is for sale offering roughly 7,790 sq ft of space.
Excellent opportunity for an investor or owner-occupier. The main floor, formerly operated as a chiropractic clinic, offers multiple private offices and a welcoming reception area. The lower level is currently home to an established fitness centre, providing added income potential. Centrally located on Wellington Street, just one block from downtown, this solid brick building has undergone several updates, including a new roof in 2014, two rooftop HVAC units and an improved parking lot. Ideally suited for medical, chiropractic or professional use, the property's R4-34 zoning may also offer redevelopment potential. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 178 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.
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Approximate location — exact address confirmed upon showing
This home lists at $1,690,000, about 21.1× the local median household income of $80,000.
Carrying it typically needs a household income of about $330,116 (20% down, 25-yr amortization, stress-tested) — roughly 313% above the area median.
Source: Statistics Canada, 2021 Census (FSA N5R)
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