575 Talbot Street, St. Thomas, Ontario, N5P1C5




$460,000
St. Thomas
This retail property in St. Thomas is for sale. It has been on the market 54 days, fresher than the St. Thomas average of 70 days.
Downtown St Thomas commercial store front building with the main floor completely renovated in 2019with new furnace, air conditioner, water heater, laminate flooring and handicap accessible washroom. The main floor is open concept with excellent storefront glass exposure. The second floor was utilized as a darkroom for the former owners and could be converted into a studio/bachelor apartment. The upper unit has electric baseboard heating. The basement is clean and has a 1 piece washroom. This is an excellent opportunity for your business to locate without many upgrades and the potential for additional income from the upper unit. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 54 days on market, against an average age of 70 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 has been listed for 54 days, which is 16 days fresher than the city average of 70. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $460,000, about 5.9× the local median household income of $77,500.
Carrying it typically needs a household income of about $89,854 (20% down, 25-yr amortization, stress-tested) — roughly 16% above the area median.
Source: Statistics Canada, 2021 Census (FSA N5P)
Pick a time that suits you. A verified local agent confirms within 24h.
Commercial lenders price on income, tenancy, and zoning rather than posted rates. Our partner mortgage brokers at iShopRates structure the file and shop lenders for you.
Inquire about financing →