400-408 Talbot Street,
St. Thomas ON, N5P 1B8
Description
Large quality commercial building. Totally renovated to meet federal government standards. Elevator. Security systems can be assumed. Wired for computers & LAN room climate controlled. Solar panels on roof generate about $6,000/year. Buyer will need to obtain approval to assume contract. Tenant,Employment Services Elgin occupies 4471 sq ft of first & second floor of 400 Talbot as of April 1, 2020 for 3 years (plus 3 board rooms in basement). Tenant,Family Service Thames Valley,occupies small office of second floor at 406-408 Talbot.The owner,Community Living Elgin, occupies 406-408 Talbot (& board room/shared baths in 400 Talbot). The owner is a non-profit organization and exempt from paying realty taxes. 2021 assessment for 400 Talbot is $415,000; and 406-408 Talbot is $343,000 X commercial mill rate for 2020, the taxes would be $28,439.00. Seller wishes to vacate their space on closing but might consider staying on for a short term lease.
Details
| MLS# | 229821 |
|---|---|
| Listing Type | For Sale |
| Style | Industrial |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 282 |
Features
| Units | 1 |
|---|
Request a showing
Request a showing
Contact
Learn More About This Property
| Area Information | |
|---|---|
| Province | ON |
| County | Elgin |
| City | St. Thomas |
| Postal Code | N5P 1B8 |
| Area | St. Thomas |
| Listing VS Median (in N5P 1B8) | |
Price: $869,000 low | high Med: $869,000 On Site: 282 low | high Med: 282 | |
MLS Number: 229821Listing Provided By:
CHRIS PINCOMBE of ROYAL LEPAGE TRILAND REALTY