REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 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
MLS Listing ID X11909231
Annual Tax Amount $5,607
Tax Year 2024
Property Description
EXCELLENT DOWNTOWN ST THOMAS MEDICAL OFFICE LEASED TO THE SAME TENANT FOR OVERTEN YEARS, WITH A NEW 2 YEAR EXTENSION ON THE EXISTING LEASE EFFECTIVE DECEMBER1ST,2024 THIS IN AN EXCELLENT INVESTMENT PROPERTY. IT HAS BEEN COMPLETELYRENOVATED INTO OFFICES ON BOTH LEVELS FOR THE CURRENT TENANT. THERE IS ALSO ANEWER ROOF. TENANT IS RESPONSIBLE FOR ALL EXPENSES INCLUSIVE OF REALTY TAXES ANDINSURANCE. NET INCOME TO THE LANDLORD OF $49,800.00 PER YEAR. LANDLORD RESPONSIBLEFOR ROOF, REPLACEMENT OF HVAC IF REQUIRED AND STRUCTURE.
Location
Province ON
County Elgin
Community Sw
Area Elgin
Region SW
City Region SW
Interior
Cooling Yes
Exterior
Utilities Available Yes
Lot Depth 126.13
Others
Security Features No
Listed by ROYAL LEPAGE TRILAND REALTY
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "