ON > Elgin > St. Thomas
Elgin, ON N5P 1A4,62 Talbot ST
Elgin, ON N5P 1A4,62 Talbot ST
Elgin, ON N5P 1A4,62 Talbot ST
Elgin, ON N5P 1A4,62 Talbot ST
Elgin, ON N5P 1A4,62 Talbot ST
Elgin, ON N5P 1A4,62 Talbot ST
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Ana Bastas

Ana Bastas

+1(289) 670-5888
$ 1,499,900
Est. payment | /mo

12 Beds

7 Baths

Save
$ 1,499,900
Est. payment | /mo
Save

12 Beds

7 Baths

Key Details

Property Type Multi-Family

Sub Type Multiplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 3000-3500

Subdivision St. Thomas

MLS Listing ID X12476455

Style 2-Storey

Bedrooms 12

Annual Tax Amount $7,456

Tax Year 2025

Property Sub-Type Multiplex

Property 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.

Location

Province ON

County Elgin

Community St. Thomas

Area Elgin

Rooms

Family Room No

Basement Partial Basement, Partially Finished

Kitchen 7

Interior

Interior Features Carpet Free, Separate Heating Controls, Separate Hydro Meter, Water Heater Owned, Sump Pump

Cooling Other

Fireplace No

Heat Source Gas

Exterior

Pool None

Roof Type Metal

Lot Frontage 58.15

Lot Depth 169.93

Total Parking Spaces 9

Building

Foundation Concrete

Others

ParcelsYN No

Listed by ELGIN REALTY LIMITED
Ana Bastas

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(289) 670-5888

ana@anabastas.ca

130 KING ST W UNIT 1900B TORONTO, ON M5X 1E3, ON, M5X 1E3, CAN

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62 Talbot ST