539 Talbot Street
St. Thomas, ON
- 1,800 sqft
- Investment
- 47 days on market
An exceptional opportunity to acquire a fully renovated mixed-use investment property in the heart of rapidly growing downtown St. Thomas. This turnkey asset features 14 income-generating streams, including 11 renovated residential apartments, two ground floor commercial units, and a long-term rooftop telecommunications lease. The residential component consists of eleven beautifully renovated apartments that blend modern finishes with the character of the original heritage building. Each suite has been thoughtfully updated while preserving distinctive architectural features including exposed brick, oversized windows, and soaring ceilings. Most units are currently vacant, providing investors with the rare opportunity to lease at today's market rents and maximize income potential from the outset. A comprehensive back-to-the-studs renovation completed in 2025 included new mechanical systems, electrical, plumbing, HVAC, and high-quality interior finishes, significantly metered utility system, allowing tenants to pay their own utilities and resulting in exceptionally low operating costs for ownership. Located in the heart of downtown St. Thomas, the property is exceptionally well positioned to benefit from one of Ontario's fastest-growing economies. Billions of dollars in investment, including the Volkswagen PowerCo battery cell manufacturing facility, the St. Thomas Mega Site, and numerous supplier facilities, are bringing thousands of new jobs and driving continued demand for quality housing and commercial space throughout the region. Offering diversified income, significant leasing upside, minimal deferred maintenance, and exceptional long-term growth potential, this is a rare opportunity to acquire a premier mixed- use investment in one of Southwestern Ontario's most dynamic and rapidly expanding markets. Financial statements, rent roll, and lease information are available upon request.
Listing Details
- Taxes (2026)
- $24,000
- Listed
- July 20, 2026
Price History
Property
- Age
- 51-99
- Lot Size
- 67 x 110 Feet
Parking
- Garage
- None
Utilities
- Sewer
- Sanitary+Storm
Location & Legal
- Cross Street
- Talbot and Modamin
- Zoning
- C2
- Parcel Number
- 351730126
- Possession
- Flexible
- Occupancy
- Tenant
Commercial
- Business Type
- Apts - 13 To 20 Units
Included
- Inclusions
- Fridge, stove, washer, dryer, dishwasher
- Exclusions
- Tenants belongings
Community
Postal area N5P
- Population
- 21,081
- Private dwellings
- 8,962
- Median age
- 42.8
- Average household size
- 2.4
- Median household income
- $77,500
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Commercial in St. Thomas · last 12 months
- Median sold price
- $535,000
- Homes sold
- 625
- Median days on market
- 27
- Sale-to-list price
- 97.8%
Based on 625 recorded sales of commercial properties in St. Thomas over the last 12 months.
Listed by
PRIME REAL ESTATE BROKERAGE
Walk Score
Walk
Bike
Scores by Walk Score®
Location
Street View
Commercial figures
- Building area
- 1,800 sq ft
- Price per sq ft
- $2,500.00
- Annual property tax
- $24,000
- Tax per sq ft
- $13.33
Derived from the listing's own figures. Taxes are as reported by the listing brokerage and may be a prior year.
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