985 Talbot Street, St. Thomas, ON N5P 1E9
St. Thomas · Near FIRST AVENUE · View map
About this home
Ideal investment opportunity for this fully leased downtown commercial building. The front portion of the building is leased to Rudy's Burgers on a 10-year lease that commenced in July 2026, while the rear portion is leased to a cannabis store, also on a 10-year lease commencing in July 2026. Both leases are net leases at $25.00 per square foot, with annual increases over the 10-year lease period. The building offers a total of 3,433 square feet and sits on a 0.672-acre lot. The possibilities are endless, with potential for expansion of the existing building. Conveniently located just east of the busiest traffic intersection in the City of St. Thomas, the property is surrounded by established businesses, including McDonald's, KFC, LCBO, and Burger King, among others. The property is also located close to the new Volkswagen battery plant, which is currently under construction.Properties like this become available only once in a while. Don't miss your chance to invest in this exceptional opportunity!
The home
- Type
- Commercial retail
- Square footage
- 29256.28 sq ft
- Lot size
- 109 x 219 ft
- Approximate age
- 31-50 years
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
Heating & cooling
- Heating type
- Gas Forced Air Closed
- Air conditioning
- Yes
Garage & parking
- Driveway spaces
- 63
- Total parking
- 63
Taxes & other
- Property taxes
- $22,849/yr
- Tax year
- 2025
- Occupancy
- Vacant
- Possession
- IMMEDIATE
- Cross street
- FIRST AVENUE
- Neighbourhood
- St. Thomas
More
- MLS® number
- X14123410
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No features listed yet.
- Mortgage
- Property tax
- Maintenance fee
Cash needed to close
Estimates only, using Canadian semi-annual compounding, Ontario land transfer tax. Mortgage default insurance is added when you put down less than 20%. Your lender and lawyer will confirm exact numbers.
Schools nearby
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Your commute
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Listing history for 985 Talbot Street
See what this home and others at the same address were listed for, what they sold for, and how long it took.
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Frequently asked questions about 985 Talbot Street
Answers come straight from this home’s MLS® listing.
How much is 985 Talbot Street listed for, and what would it cost each month?
985 Talbot Street is listed for $2,200,000. With 20% down ($440,000), the mortgage payment would be roughly $8,874 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $10,778 a month, all in. That figure is an illustration, not a quote.
Is 985 Talbot Street freehold or a condo, and is there a monthly fee?
985 Talbot Street is a commercial retail in St. Thomas. Ownership is freehold: you own the home and the lot. There is no monthly condo fee, so the roof, windows, driveway, snow and lawn are yours to look after.
Does 985 Talbot Street have a garage and parking?
The listing does not show a garage. The driveway adds 63 spaces. In total the listing counts 63 parking spaces.
What style of home is 985 Talbot Street?
985 Talbot Street is a commercial retail. Commercial property covers retail, office, industrial and investment buildings and businesses for sale or lease.
How big is 985 Talbot Street, and what is the lot size?
The lot is listed as 109 x 219 ft.
How is 985 Talbot Street heated and cooled?
Heating is gas forced air closed. Cooling is yes.
What are the property taxes for 985 Talbot Street?
Property taxes are $22,849 a year (2025), or about $1,904 a month.
Where is 985 Talbot Street?
985 Talbot Street is in St. Thomas. The nearest main intersection is FIRST AVENUE. The postal code is N5P 1E9.
Is 985 Talbot Street still for sale?
Yes. It is an active listing (MLS® X14123410). Listings here update from the board through the day and come down once a home sells.
What are similar properties near 985 Talbot Street asking?
Similar properties for sale nearby right now include 265 E Edward Street at $1,900,000, 109-113 Inkerman Street at $2,549,900 and 170 Wellington Street at $1,690,000. These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 985 Talbot Street sold for?
Recent sales, leases and expired listings for this home and others at the same address are in the Sold history tab, with the price and date of each. It is free for members.
How do I book a showing at 985 Talbot Street?
Pick a day and time with Book a Tour on this page. Tours are free, with no obligation, in person or by video. You can also call or text 647-931-3923.
Have a different question? Ask about this home and get an answer, usually within the hour.
Similar properties nearby
More properties for sale near St. Thomas, picked by style, size and price.
Land$1,900,000265 E Edward Street, St. ThomasSt. ThomasCourtesy of: ROYAL LEPAGE TRILAND REALTYView home →
Land$2,549,900109-113 Inkerman Street, St. ThomasSt. ThomasCourtesy of: CENTURY 21 HERITAGE GROUP LTD.View home →
Investment$1,690,000170 Wellington Street, St. ThomasSt. ThomasCourtesy of: ROYAL LEPAGE TRILAND REALTYView home →Courtesy of: ROYAL LEPAGE TRILAND REALTY
Listing information comes from the Toronto Regional Real Estate Board through PropTx and is deemed reliable but is not guaranteed accurate. It is provided for consumers' personal, non-commercial use. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
*Estimated monthly cost assumes 20% down, a 4.5% rate and a 30-year amortization, plus property tax. For illustration only.