62 Talbot Street, St. Thomas, ON
Property Highlights
Welcome to this remarkable 2-Storey multiplex located in the coveted neighborhood of St. Thomas. Expertly crafted featuring premium brick and vinyl siding construction, this residence presents an exceptional opportunity offered at $1,499,900 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 12 Bedrooms and 7 Bathrooms with 7 functional kitchens
- Generous living space spanning 3000-3500 sqft on a premium 58.15 x 169.93 ft lot
- Features a partial basement, partially finished basement, adding superb versatility for recreation, a home gym, or extra storage
- 9.0 total parking spaces available with a convenient detached configuration
- Notable attributes: Carpet Free, Separate Heating Controls, Separate Hydro Meter
- equipped with other central cooling and highly efficient water heating via gas
Description
Rare 7-Unit Investment Opportunity in Prime St. Thomas Location. This one-of-a-kind two-story 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. 4 units, plus the bachelor will be vacant for the new owner, perfect opportunity to set new market rents.
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Property Summary
This multiplex located at 62 Talbot Street, St. Thomas is currently for sale and has been available on SousaSells for 268 days. This property is listed at $1,499,900 with an estimated mortgage of $4,993* per month. It has 12 beds, 7 bathrooms, and is 3000-3500 square feet. 62 Talbot Street, St. Thomas is in the St. Thomas neighborhood.
* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
Interior Features
Carpet Free, Separate Heating Controls, Separate Hydro Meter, Water Heater Owned, Sump Pump
Security Features
Community Features
Location
Property History
No historical data available for this property.
This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 62 Talbot Street, St. Thomas, ON N5P 1A4
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in St. Thomas, ON
For a property listed at $1,499,900 in St. Thomas, the legal minimum down payment is $299,980 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $26,473 for this transaction. As this listing is in St. Thomas (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $26,473.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.