$869,000

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 TypeFor Sale
StyleIndustrial
Sub-TypeResale
StatusActive
Days On Site282

Features

Units1
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Area Information
ProvinceON
CountyElgin
CitySt. Thomas
Postal CodeN5P 1B8
AreaSt. Thomas
Listing VS Median (in N5P 1B8)
Price:
$869,000
low | high
Med:
$869,000
50% of Average
On Site:
282
low | high
Med:
282
100% of Average
Listing Updated: January 14, 2021 8:00:40 PM PST
CHRIS PINCOMBE LogoMLS Number: 229821
Listing Provided By:
CHRIS PINCOMBE  of  ROYAL LEPAGE TRILAND REALTY
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