625 TALBOT Street, St. Thomas, ON, N5C 1C6Listing ID# 603577
Size of building and yearly expenses approximate to be verified. Great investment in very good condition with 5 residential units on the upper floors (2-1 bedroom; 2-bachelor and 1-3 bedroom two story unit) with strong main floor commercial Tenant (Beanery Cafe & Eatery approximately 3,410 sq. ft.) Main floor Tenant has been there for many years and just signed a new long term lease and spent a lot of money on renovations of the cafe. Lease semi net at 3,000 dollars per month with an increase after 2 years. Building in very good condition with updated electrical, HVAC units, roof, windows, plumbing. Fully leased with very little or no vacancy since the present owner took over about 15 years ago. This is a good solid investment with proven record and at 9 percent cap rate is hard to overlook.
Listing courtesy of ROYAL LEPAGE TRILAND REALTY, BROKERAGE, INDEPENDENTLY OWNED AND OPERATED
This listing content provided by REALTOR.ca has been licensed by REALTOR® members of The Canadian Real Estate Association.