575 Talbot Street, St. Thomas, ON
Property Highlights
Welcome to this remarkable commercial retail located in the coveted neighborhood of St. Thomas. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $460,000 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.
- 0 Bedrooms and 2 Bathrooms
- Premium 21 x 114.96 ft lot size
- equipped with yes central cooling and highly efficient baseboard heating
Description
Position your business in the heart of downtown St. Thomas with this fully updated commercial storefront offering outstanding visibility and versatility. The main floor was completely renovated in 2019 and features a modern, open-concept layout with expansive storefront glass, creating excellent exposure and a bright, welcoming environment. Updates include a new furnace, air conditioning, water heater, durable laminate flooring, and a fully accessible washroom.The second floor, previously used as a darkroom, presents strong potential for conversion into a studio or bachelor apartment, offering an opportunity for additional income. This upper level is serviced by electric baseboard heating.The basement is clean, functional, and includes a convenient 1-piece washroom, providing additional utility and storage space.An ideal opportunity for entrepreneurs or investors seeking a turnkey commercial space with income-generating potential in a high-traffic downtown location.
Schedule a Tour
Contact us to schedule a private viewing of this property.
Contact Agent
Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
Interior Features
Security Features
No
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 575 Talbot Street, St. Thomas, ON N5P 1C5
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
Mortgage & Affordability Audit
Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in St. Thomas.
Configure Loan Settings
About Purchasing a Home in St. Thomas, ON
For a property listed at $460,000 in St. Thomas, the legal minimum down payment is $23,000 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 $5,675 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 $5,675.
Nearby Listings
No current listings found in St. Thomas.
Similar Listings Nearby
City & Neighborhood Guide
Comprehensive city-wide demographics, local real estate stats, and school rankings for St. Thomas, St. Thomas.
People & Families
Age Distribution
Household Composition
Top Ethnic Origins
Local Schools Guide
Elementary Schools
Secondary Schools
Homes & Housing
Structural Home Types
Tenure (Ownership vs Rental)
Need more details or a custom CMA?
Generate a full market evaluation or explore city guides using the sidebar links.
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.