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$ 790,000
Est. payment | /mo
3,826 SqFt
$ 790,000
Est. payment | /mo
3,826 SqFt
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 3,826 sqft
Price per Sqft $206
Subdivision Sw
MLS Listing ID X11909231
Building Age 51-99
Annual Tax Amount $5,607
Tax Year 2024
Property Sub-Type Investment
Property Description
Prime Downtown St. Thomas Medical Office Long-Term Tenant & Strong Investment Opportunity. This exceptional investment property is a fully leased medical office in downtown St. Thomas, occupied by the same tenant for over 10 years. A new 2-year lease extension began December 1, 2024, ensuring continued stability. The building has been completely renovated into modern office spaces on both levels to accommodate the current tenants needs. Additional updates include a newer roof. The tenant is responsible for all expenses, inclusive of realty taxes and insurance. Net income to the landlord of $49,800 per year. Landlord is responsible for the roof, replacement of HVAC (if required), and structure. A rare opportunity to own a turnkey income-generating property with a long-term, reliable tenant in a prime location!
Location
Province ON
County Elgin
Community Sw
Area Elgin
Interior
Cooling Yes
Exterior
Utilities Available Yes
Lot Frontage 20.83
Lot Depth 126.13
Others
Security Features No
Virtual Tour https://listings.walkthrumedia.ca/sites/geqbwrv/unbranded
Listed by ROYAL LEPAGE TRILAND REALTY
"My job is to deliver more results for you when you are buying or selling your property! "