$1,600,000

62 Talbot Street, St. Thomas, ON N5P 1A4

St. Thomas, St. Thomas,

12  | | | 3,500 sq.ft. |

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Rare 7-Unit Investment Opportunity in Prime St. Thomas Location. This one-of-a-kind two-storey six-plex features all 2-bedroom units, plus a separate bachelor apartment in the basement for a possible total of 7 rental units and 7 bathrooms. One 2-bedroom unit can easily convert to a 3-bedroom ( including the bachelor pad as a bedroom) , offering additional income flexibility.Built in 1870 and extensively renovated in 2003, and four modern units added at the rear, along with the garage. The building exterior was stripped and professionally refinished in brick. Interior upgrades include tile flooring in all units, granite countertops, and jetted tubs in six units. Unit 1 features a high-end kitchen with plywood boxes and maple doors, and Unit 2 includes three skylights for added natural light.Enjoy efficient gas radiant heat, with wall-mounted units and 7 owned water heaters (4 recently replaced). Coin laundry is available on-site (machines replaced 3-4 years ago). All windows and entry doors are newer, and a metal roof was installed within the past 7 years on both the main building and the detached garage. The property backs onto the Elevated Park and sits next to the iconic Jumbo the Elephant, a popular landmark and tourist destination. There is parking for 9 vehicles, plus additional overnight parking across the street.A 600 sq ft garage includes 4 large storage units (1 allocated for tenant use). This turnkey investment offers strong income, low maintenance, and excellent visibility in a high-demand area. 2 units, plus the bachelor will be vacant for the new owner.,perfect opportunity to set new market rents. Financials available on request

Property Info
MLS®: X12281644
Listing Courtesy of ELGIN REALTY LIMITED
Total Bedrooms 12
Total Bathrooms 7
Basement 1
Floor Space 3000-3500 sq.ft.
Lot Size 8964 sq.ft.
Style 2-Storey
Last Updated 2025-07-13
Property Type House
Listed Price $1,600,000
Unit Pricing $457/sq.ft.
Tax Estimate $7,204/Year
More Details
Exterior Finish Brick
Parking Total 9
Water Supply Municipal
Foundation Sewer
Summary
    Location and General Information
  • HoldoverDays: 30
  • Architectural Style: 2-Storey
  • Property Type: Residential Freehold
  • Property Sub Type: Multiplex
  • DirectionFaces: South
  • GarageType: Detached
  • Directions: across the street from Jumbo
  • Taxes and HOA Information
  • Tax Year: 2025
  • Parking
  • Parking Features: Private
  • ParkingSpaces: 9
  • Parking Total: 9
Interior and Exterior Features
    Bathrooms Information
  • WashroomsType1: 3
  • WashroomsType1Level: Main
  • WashroomsType2: 3
  • WashroomsType2Level: Second
  • WashroomsType3: 1
  • WashroomsType3Level: Basement
  • Bedrooms Information
  • BedroomsAboveGrade: 12
  • Interior Features
  • Interior Features: Separate Heating Controls, Separate Hydro Meter, Storage, Storage Area Lockers, Water Heater Owned, Carpet Free, Sump Pump
  • Basement: Partially Finished, Apartment
  • Cooling: Window Unit(s)
  • HeatSource: Gas
  • HeatType: Water
  • LaundryLevel: Lower Level
  • Exterior Features
  • ConstructionMaterials: Brick
  • Exterior Features: Landscaped
  • Roof: Metal
  • Pool Features: None
Property
    Utilities
  • Sewer: Sewer
  • Property and Assessments
  • Foundation Details: Concrete
  • Lot Information
  • Parcel Number: 352280018
  • LotSizeUnits: Feet
  • LotDepth: 169.93
  • LotWidth: 52.75
  • Others
Sold History
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