400-408 TALBOT STREET , St. Thomas

7 Bath / $869,000 / MLS® Listing #:229821

$4128/mo*

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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. (id:10452)

Property Details

Property Type Offices
Square Feet
Maintenance N/A
Days On Our Website 213
Basement
Kitchens
Lot Dimensions 0.19 ac|under 1/2 acre
Pool N/A
Area St. Thomas
Air Conditioning Central air conditioning
Heating Natural gas - Forced air
Exterior Brick
Parking Spaces 13
Sewers Sanitary sewer
Water Municipal water

Listing Office: ROYAL LEPAGE TRILAND REALTY



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