



$489,000
St. Thomas
370 Talbot Street, St. Thomas, Ontario, N5P1B6
This retail property in St. Thomas is for sale offering roughly 1,800 sq ft of space.
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:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 113 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 retail in St. Thomas is available now. Want me to connect you with the agent or keep you posted on any price updates?
Approximate location — exact address confirmed upon showing
This home lists at $489,000, about 6.3× the local median household income of $77,500.
Carrying it typically needs a household income of about $95,519 (20% down, 25-yr amortization, stress-tested) — roughly 23% above the area median.
Source: Statistics Canada, 2021 Census (FSA N5P)
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