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985 Talbot Street
St. Thomas St. Thomas N5P 1E9

$2,200,000 /For Sale
Commercial

Main Photo: 985 Talbot Street: St. Thomas Commercial for sale : MLS®# X14123410
Photo 1: 985 Talbot Street: St. Thomas Commercial for sale : MLS®# X14123410
Photo 2: 985 Talbot Street: St. Thomas Commercial for sale : MLS®# X14123410
Photo 3: 985 Talbot Street: St. Thomas Commercial for sale : MLS®# X14123410
Status:
Active
Prop. Type:
Commercial
MLS® Num:
X14123410
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!
Property Type:
Commercial
Property Sub Type:
Commercial Retail
Freestanding:
Yes
Approx. Age:
31-50
Total Area:
29256 sq. ft. Square Feet
Total Area:
29,256.28 sq. ft.
Retail Area:
3433 sq. ft. Sq Ft
Lot Depth:
219'
Lot Frontage:
109'
Lot Shape:
Irregular
Water supply:
Municipal
Zoning:
C-3 DOWNTOWN COMMERCIAL
Heating type:
Gas Forced Air Closed
Garage:
None
Parking Spaces:
63
Possession Details:
IMMEDIATE
HST Applicable To Sale Price:
In Addition To
Type Taxes:
Annual
Taxes:
$22,848.92 / 2025
Assessment:
$- / -
Elgin
St. Thomas
St. Thomas
Public Transit
No
None
No
Utilities:
Yes
Energy Certification:
No
Sewers:
Sanitary+Storm
Air Conditioning:
Yes
Seller Property Info Statement:
No
Financial Statements:
No
Category:
Retail
Number of Double Man Shipping Doors:
1
Number of Grade Level Shipping Doors:
1
Date Listed:
Oct 28, 2026
Original Price:
Previous Price:
  • Photo 1: 985 Talbot Street: St. Thomas Commercial for sale : MLS®# X14123410
    Photo 1 of 3
  • Photo 2: 985 Talbot Street: St. Thomas Commercial for sale : MLS®# X14123410
    Photo 2 of 3
  • Photo 3: 985 Talbot Street: St. Thomas Commercial for sale : MLS®# X14123410
    Photo 3 of 3
Listed by ROYAL LEPAGE TRILAND REALTY
Data was last updated October 29, 2026 at 05:15 PM (UTC)
This website may only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate of the type being offered via the website. The data relating to real estate on this website comes in part from the MLS® Reciprocity program of the PropTx MLS®. The data is deemed reliable but is not guaranteed to be accurate.