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 $2,000 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.
Situated on one of St. Thomas's main thoroughfares, this storefront offers excellent exposure with steady vehicle traffic throughout the day. Zoned C2, the space accommodates a wide range of uses, including retail, office, health and wellness, and various service-based businesses. The unit features a prominent front entrance facing the main street for maximum visibility, along with a separate rear entrance that is ideal for staff access, loading and unloading, deliveries, and day-to-day operations. The rear of the unit provides ample storage space, with additional storage available in the basement to support your operational needs. The landlord has recently completed extensive renovations and is currently putting the finishing touches on additional improvements, including new flooring and an upgraded front entrance, creating a clean, modern, and welcoming space for your business. A private parking space is included at the rear of the building, while abundant free on-street parking is available for customers and clients. Located in one of Southwestern Ontario's fastest-growing communities, St. Thomas continues to experience strong population growth, significant new residential development, and increasing commercial investment. Its close proximity to London provides businesses with an excellent opportunity to establish or expand while benefiting from a growing customer base and lower occupancy costs than many neighbouring municipalities.
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No
Major Highway, Public Transit
No historical data available for this property.
This could be the first listing for this address.
Data-driven valuation for 647 Talbot Street, St. Thomas, ON N5P 1C9
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in St. Thomas.
About Purchasing a Home in St. Thomas, ON
For a property listed at $2,000 in St. Thomas, the legal minimum down payment is $100 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 $10 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 $10.
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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.