Business For Sale

400-408 TALBOT Street

ST. THOMAS, Ontario

ROYAL LEPAGE TRILAND REALTY

$869,000

0.19 Acre
Basic Details
Status: Active
Property Type: Other
Listing Type: For Sale
Commercial Type: Office Building
MLS® #: 229821
Price: $869,000
Lot Area: 0.19 Acre
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). 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. (id:15472)

Additional Information
400-408 TALBOT Street
400
TALBOT
Street
Canada, Ontario, ST. THOMAS, N5P1B8
Public Transit
Municipal water
Sanitary sewer
Freehold
C2
Elevator, Paved driveway, Passenger elevator, Visi
88
Road access
0.19 ac|under 1/2 acre
Register to View
Register to View
2
Register to View
Central air conditioning
None
Natural gas
Fire alarm system
ELGIN ASSOCIATION FOR COMMUNITY LIVING
Register to View
Register to View
Register to View
Register to View
Register to View
Register to View
Register to View
Register to View
Register to View
Neighbourhood Information
Tools
Recent Sales

"NOTE: This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assume no responsibility for its accuracy."