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$ 1,375,000
Est. payment /mo
Active Under Contract
62 Talbot ST St. Thomas, ON N5P 1A4
12 Beds
7 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Active Under Contract
Purchase Type For Sale
Approx. Sqft 3000-3500
Subdivision St. Thomas
MLS Listing ID X12858868
Style 2-Storey
Bedrooms 12
Annual Tax Amount $7,456
Tax Year 2025
Property Sub-Type Multiplex
Property Description
Rare 6-Unit Investment Opportunity in Prime St. Thomas Location.This unique two-storey six-plex offers a rare opportunity for investors, featuring six spacious 2-bedroom units plus a separate bachelor granny flat in the basement, for a potential total of 7 rental units and 7 bathrooms. One of the 2-bedroom units can easily be converted to a 3-bedroom by incorporating the bachelor suite ( granny flat), providing additional income flexibility.Originally built in 1870 and extensively renovated in 2003, the property also includes four modern units added at the rear along with a detached garage. The exterior was professionally stripped and refinished in brick, giving the building a refreshed and durable finish.Interior upgrades include tile flooring throughout, granite countertops, and jetted tubs in six units. Unit 1 features a high-end kitchen with plywood cabinetry and maple doors, while Unit 2 showcases three skylights that flood the space with natural light.Tenants benefit from efficient gas radiant heating with wall-mounted units, along with seven owned water heaters (four recently replaced). On-site coin laundry is available, with machines replaced within the last 3-4 years.Major updates include newer windows and entry doors, plus metal roofs installed within the past seven years on both the main building and detached garage.The property backs onto Elevated Park and across from Jumbo the Elephant, one of the city's most recognized landmarks.Additional highlights include parking for 9 vehicles, with extra overnight parking available across the street. A 600 sq. ft. garage offers four large storage units, with one currently allocated for tenant use.This turnkey investment combines strong income potential, extensive upgrades, and a prime high-visibility location in one of St. Thomas's most recognizable areas.
Location
Province ON
County Elgin
Area Elgin
Rooms
Family Room No
Basement Walk-Up
Kitchen 7
Interior
Interior Features Water Heater Owned
Cooling Other
Fireplace No
Heat Source Gas
Exterior
Parking Features Private
Garage Spaces 9.0
Pool None
Roof Type Metal
Lot Frontage 58.15
Lot Depth 169.93
Total Parking Spaces 9
Building
Foundation Concrete
Others
ParcelsYN No
Listed by ELGIN REALTY LIMITED