$3,900,000

For sale

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Talbot Street, St. Thomas - Retail for Sale

Talbot Street, St. Thomas, Ontario, N5P1G7

2 ft²2.00 acres lot sizeListed 278 days ago

Overview

This retail property in St. Thomas is for sale offering roughly 2 sq ft of space.

Retail Space for Sale in St. Thomas →All real estate in St. Thomas →

Description

Located on the east side of the rapidly growing City of St. Thomas, this exceptional 2-acre commercial parcel presents a rare redevelopment opportunity in a high-demand area. The site currently includes a 6,000 sq. ft. storage facility, a 3,800 sq. ft. storage building with an additional 1,000 sq. ft. office component, as well as an existing residential home. With desirable C7 zoning in place, the property offers outstanding flexibility for future development, supporting a wide range of commercial uses including hotel, fast food, retail food, restaurants, and more. Whether you are an investor, developer, or business owner looking for a strategic location with strong growth potential, this property delivers endless possibilities in one of Southwestern Ontario's most promising markets. (id:66096)

Property Details

MLS®: X12743118
Property Type: Retail
Zoning: C7-8 & C7 & C7-28
Interior Size: 2 ft²
Lot Size: 2.00 acres
Frontage: 330 ft
Heating: Baseboard heaters, Forced air, Natural gas
Cooling: Partially air conditioned
Property Tax: $12,878.75/yr
Listed: 278 days ago

Features

Lot Features: Irregular lot size

Services

Water: Municipal water

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

278d

St. Thomas listings, avg age

70d

Price / ft²

$1,950,000

List price

$3.90M

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

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Listed by ROYAL LEPAGE TRILAND REALTY · DENNIS BROOME

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N5P)

This home lists at $3,900,000, about 50.3× the local median household income of $77,500.

Carrying it typically needs a household income of about $761,807 (20% down, 25-yr amortization, stress-tested) — roughly 883% 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)

$3,900,000· $1,950,000/ft²

For sale

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Financing

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