© 2022 Adam Patel. All Rights Reserved. Designed by Zinda Agency.
337&339 Talbot Street
St. Thomas
N5P 1B5
$2,000,000
Residential Income
beds: 0
baths: 0.0
- Status:
- Active
- Prop. Type:
- Residential Income
- MLS® Num:
- 40485308
- Photos (27)
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Unbeatable Investment Opportunity! Welcome to 337 and 339 Talbot Street, St. Thomas – a prime commercial building featuring 14 units (3 commercial and 11 residential) with a remarkable 8.9% Capitalization Rate (Cap Rate). The icing on the cake? A Vendor Take-Back (VTB) option where the seller will hold 10% back at a fixed interest rate of just 3% interest only payments for one year. This means you can maximize your returns while securing flexible financing terms. With 337 Talbot offering 6 residential and 2 commercial units, and 339 Talbot providing 5 residential and 1 commercial unit. Central location, 12 minutes from VW Gigafactory. Clean environmental. This is an opportunity you can't afford to miss. Act fast to explore the full potential of 337 and 339 Talbot Street – your gateway to impressive rental income right in the heart of St. Thomas!
- Property Type:
- Residential Income
- Property SubType:
- Multi Family
- Listing General Location:
- NW, St. Thomas
- Bedrooms:
- 0
- Bathrooms:
- 0.0 (Full:-/Half:-)
- Lot Frontage:
- 36'3"
- Kitchens:
- 0
- County Or Parish:
- Elgin
- Features:
- Crops Included: No, Garage: No, New Construction: No
- Construction:
- Brick Veneer
- Basement:
- Partial, Partially Finished
- Foundation:
- Other
- Roof:
- Flat
- Number of Storeys:
- 3
- Number of Buildings:
- 0
- Total Floor Area:
- 9,939 sq. ft.
- Finished Area Above Grade:
- 9,939 sq. ft.
- Fireplace:
- false
- Laundry Features:
- Coin Operated
- Water Supply:
- Municipal
- Sewer:
- Sewer (Municipal)
- Cooling:
- Other
- Heating:
- Baseboard, Electric, Forced Air, Natural Gas
- Other
- Instant Hot Water
- Separate Hydro Meters
- false
- No
- Near - Talbot St and East St.
- No
- Assessment Year:
- 2023
- HST Applicable To Sale Price:
- Yes
- Association Fee 2 Frequency:
- Monthly
- Features:
- Crops Included: No, Garage: No, New Construction: No
- Insurance Expense:
- $5,918
- Expenses:
- Estimated
- Utilities Expense:
- 5500
- Laundry Income:
- $4,000
- Net Income:
- $177,371.65
- Under Contract Costs Monthly:
- $1,279.20
- Zoning:
- C-2
- Lot Site Features:
- City Lot, High Traffic Area, Public Transit, Other
- Features:
- Crops Included: No, Garage: No, New Construction: No
- # Of Total Parking Spaces:
- 0.0
- # Of Open Parking Spaces:
- 0.0
- Driveway Parking:
- Street Parking Only
- Num Apartment Units:
- 0
- Num Bachelor Units:
- 0
- Num Efficiency Units:
- 0
- Num Loft Units:
- 0
- Num Other Units:
- 4
- Num Penthouse Units:
- 0
- Num Studio Units:
- 0
- Total Units:
- 14
- Listed Date:
- Sep 19, 2023
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Data was last updated December 5, 2023 at 07:50 AM (UTC)
Area Statistics
- Listings on market:
- 11
- Avg list price:
- $599,995
- Min list price:
- $449,900
- Max list price:
- $2,000,000
- Avg days on market:
- 50
- Min days on market:
- 6
- Max days on market:
- 183
- Avg price per sq.ft.:
- $215.47
These statistics are generated based on the current listing's property type
and located in
NW. Average values are
derived using median calculations.
- ADAM PATEL
- RE/MAX TWIN CITY BROKERAGE
- 226-220-2561
- Contact by Email
Location
1400 Bishop Street. Cambridge, ON, N1R 6W8