275 Talbot Street, St. Thomas, Ontario N5P1B3

Property Description

Excellent Investment Opportunity near the Prestigious Courthouse area of Downtown St. Thomas. Recently Updated Mixed use Commercial Building with 7 Residential Units ( 6 One Bedroom Units + 1 Bachelor )and One Commercial Unit. Gross Yearly Income of $116,280.00. Current NET Income shows an approximate 7.4% return on asking price. Each Unit has its own Hydro meter and all Tenants pay their own Heat & Hydro. Building has Secure Entry, Fire Alarm System and Panel, Security Cameras and Emergency Exits. Recent Updates Include Renovations and Upgrades to Units 1,2,3,4,5 and 7. Exterior Front/Side/Rear Wall Elevations Renovated along with Exterior Windows ( 3 Years ago ), Interior Hallways Renovated with all Vinyl Flooring and LED Sensor Lighting ( 2 Years ago ). Owned Hot Water Heaters ( 2 Years ago ). Easy Access to London and Highway 401 as well as Port Stanley's Beaches. Walking distance to Convenient Shopping including Grocery Stores, Service Centres, Boutiques and more. (id:5764)