Property Details

400-408 TALBOT STREET, St. Thomas, Ontario, N5P1B8

400-408 TALBOT STREET, St. Thomas, Ontario (ID 229821)
Representative
Mike Ansari
Broker of Record
RE/MAX Advantage M.J. Ansari Realty Brokerage
Cell: 519-854-9996
Tel: 519-672-7777
Toll free: 1-855-649-6001

$869,000 - For sale

ID#:229821

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). Yearly gross rents about $148,000 (solar not included). The Owner is non-profit organization,exempt from paying realty taxes. 2019 assessment of 400 Talbot is $397,500; 406-408 Talbot is $331,750 x 2019 commercial mill rates,taxes for 2019 would be $28,191.56.Seller wishes to vacate their space on closing but might consider staying on for a short term lease. (id:2471)

Location DescriptionN/A

Property Details
  • Property Address:400-408 TALBOT STREET, St. Thomas, Ontario, N5P1B8
  • Property Type:Business
  • Title:Freehold
  • Lot Size:0.19
  • Acreage:0.19 ac|under 1/2 acre
  • Sewage Type:Sanitary sewer
  • Water Type:Municipal water
Structure Details for 400-408 TALBOT STREET, St. Thomas, Ontario, N5P1B8
  • Structure Style:Offices
  • Bathrooms:7
  • Heating Type:Natural gas, Forced air
  • Storeys:2
  • Flooring:Carpeted, Ceramic, Linoleum
  • Foundation Type:Block
  • Cooling Type:Central air conditioning
  • Rental Equipment:None
  • Exterior Type:Brick
Amenities for 400-408 TALBOT STREET, St. Thomas, Ontario, N5P1B8 Elevator, Passenger elevator
  • Amenities Nearby:Public Transit
Representative
Mike Ansari
Broker of Record
RE/MAX Advantage M.J. Ansari Realty Brokerage
Cell: 519-854-9996
Tel: 519-672-7777
Tollfree: 1-855-649-6001
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400-408 TALBOT STREET, St. Thomas, Ontario, N5P1B8

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