Property Description

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.

Features
: Natural gas, Forced air-gas
: 13
: Florescent lights, Storefront, Board room, Window display, Public washrooms, Lunch room, Suspended ceilings
: Carpet , Ceramic, Linoleum/vinyl
: Brick
: Office(s)
: Municipal
Address Map
CA
City of St. Thomas
St. Thomas
N5P 1B8
TALBOT
400-408
Street
W82° 48' 9.1''
N42° 46' 44.7''
Additional Information
ROYAL LEPAGE TRILAND REALTY

400-408 TALBOT St. Thomas

400-408 TALBOT Street, St. Thomas, N5P 1B8

5,945 Sqft
C$869000 (C$2173 Rebate)
Listing ID #229821
Basic Details
Property Type : Commercial
Listing Type : For Sale
Listing ID : 229821
Price : C$869000 (C$2173 Rebate)
Square Footage : 5,945 Sqft
Year Built : 0
Lot Area : 0.19 Acre
Status : Active
Taxes : 0.00
Tax Year : 2019
Lot Depth : 0
Lot Front : 88.14
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