Overview

This retail property in St. Thomas is for sale. It has been on the market 7 days, fresher than the St. Thomas average of 71 days.

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Description

Ideal investment opportunity for this fully leased downtown commercial building. The front portion of the building is leased to Rudy's Burgers on a 10-year lease that commenced in July 2026, while the rear portion is leased to a cannabis store, also on a 10-year lease commencing in July 2026. Both leases are net leases at $25.00 per square foot, with annual increases over the 10-year lease period. The building offers a total of 3,433 square feet and sits on a 0.672-acre lot. The possibilities are endless, with potential for expansion of the existing building. Conveniently located just east of the busiest traffic intersection in the City of St. Thomas, the property is surrounded by established businesses, including McDonald's, KFC, LCBO, and Burger King, among others. The property is also located close to the new Volkswagen battery plant, which is currently under construction.Properties like this become available only once in a while. Don't miss your chance to invest in this exceptional opportunity! (id:66096)

Property Details

MLS®: X14123410
Property Type: Retail
Zoning: C-3 DOWNTOWN COMMERCIAL
Parking: 63
Lot Size: 29,272 sq ft (0.67 ac)
Frontage: 109 ft
Heating: Forced air, Natural gas
Cooling: Fully air conditioned
Property Tax: $22,848.92/yr
Listed: 7 days ago

Market Timing

Days on market

St. Thomas listings, avg age

71d

List price

$2.20M

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.

Haho

This retail in St. Thomas has been listed for 7 days, which is 64 days fresher than the city average of 71. Act while there is still low competition.

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Area context

Neighbourhood profile (N5P)

This home lists at $2,200,000, about 28.4× the local median household income of $77,500.

Carrying it typically needs a household income of about $429,737 (20% down, 25-yr amortization, stress-tested) — roughly 454% above 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)

$2,200,000

For sale

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Financing

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985 Talbot Street, St. Thomas - Retail for Sale

Description

Property Details

Features

Services

Market Timing

Location

Nearby Places

Neighbourhood profile (N5P)

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