370 Talbot Street, St. Thomas, ON N5P 1B6
Attention Investors! Worry-free investment opportunity offering an excellent rate of return. Prime mixed-use building located in the heart of St. Thomas' main commercial district at the high-visibility corner of Talbot Street and Elgin Street. This approximately 1,800 sq. ft. income-producing property features a fully leased commercial unit on the main floor and a spacious 2-bedroom, Living room , Kitchen and 1-Full bathroom apartment on the second floor. The second-floor kitchen and bathroom were fully renovated in 2026, enhancing the appeal of the residential unit. The property also includes an additional unfinished basement, offering excellent storage or future potential (subject to applicable approvals).Both the commercial and residential units are fully leased, providing stable and reliable cash flow from day one. A true turnkey investment in a sought-after location with strong long-term income potential. Buyer and Buyer's Representative to verify all measurements, dimensions, specifications, and all other information to their own satisfaction prior to submitting an offer.
- MLS number
- X13559158
- Type
- Commercial Retail
- Status
- Active
- Bedrooms
- —
- Bathrooms
- 2
- Postal code
- N5P 1B6
- Photos
- 50
- Property tax
- $4,584 / year
This listing’s own days on market are shown above. How long the property has been for sale across every earlier listing is drawn from records the board releases only to registered users — a free account opens it, along with the sale history below.
Property details
As filed by the listing brokerage. Anything the board left blank is left out rather than shown as unknown — and none of it is guaranteed accurate by PropTx, so verify what you rely on.
Property
- Type
- Commercial Retail
- Class
- Commercial
- Community
- St. Thomas
- Municipality
- St. Thomas
- Cross street
- TALBOT ST AND ELGIN ST
- Zoning
- C2
Inside
- Bathrooms
- 2
- Washrooms
- 2
Land
- Lot
- 18.06 × 50.17 feet
Heating, cooling and services
- Heating
- Gas Forced Air Closed
- Cooling
- Yes
- Water
- Municipal
Listing
- MLS number
- X13559158
- Status
- New
- Previous status
- Draft
- Listed on
- 2026-07-10
- Expires
- 2026-10-31
- Possession
- 2026-08-01
- Taxes
- $4,584 (2025)
- Board
- Toronto Regional Real Estate Board
Listing history
No previous listings found for this address.
Where this property is
Where this address sits, matched against open government data.
Estimated from the house-number range along this road: the right block of the right street, not the exact building. No address file publishes this house.
Schools
The school boundaries this address is inside, and the schools nearest it. Boards redraw boundaries and cap programs — confirm with the board before this affects a decision.
Other schools nearby
By distance from this address, not school boundary — a school 400 m away can be in another school’s attendance area.
| School | Level | Distance | Rating |
|---|---|---|---|
| Arthur Voaden Secondary School Thames Valley DSB | Secondary | 827 m | / 10 38% met the standard · 2 of 6 measures |
| June Rose Callwood Public School Thames Valley DSB | Elementary | 1.7 km | / 10 51% met the standard |
| Monsignor Morrison Separate School London District Catholic School Board | Elementary | 2.0 km | / 10 69% met the standard |
| Pierre Elliott Trudeau French Immersion Public School Thames Valley DSB | Elementary | 1.9 km | / 10 72% met the standard |
| John Wise Public School Thames Valley DSB | Elementary | 2.4 km | / 10 58% met the standard |
| Lockes Public School Thames Valley DSB | Elementary | 2.2 km | / 10 67% met the standard |
How the rating is calculated
EQAO — Ontario’s testing agency — publishes, for each school, the percentage of students meeting the provincial standard in Grade 3 and Grade 6 reading, writing and mathematics. The rating is the average of those percentages divided by ten. A school where 72% of students met the standard rates 7.2 out of 10.
Nothing is weighted or adjusted, and schools are not ranked against each other. Where EQAO withholds a result to protect the privacy of a small group of students, that measure is left out rather than counted as zero — so a rating built on fewer than six measures says so.
What it does not measure. It is one year of standardised testing in three subjects. It says nothing about teaching, programs, or whether a school suits a particular child, and it tracks neighbourhood household income closely enough that it partly measures the neighbourhood rather than the school. Treat it as one figure among many.
Source: Ontario Ministry of Education, School Information and Student Demographics (2024–25), Open Government Licence – Ontario.
H-Value
This neighbourhood
Statistics Canada 2021 Census, for the surrounding few blocks — about 859 people.
The neighbourhood, by the census
Statistics Canada 2021 Census for dissemination area 35340187 — the few blocks around this address, home to 859 people. It describes the area, not this property.
Percentages are of the 525 responses in this category. Statistics Canada rounds counts and withholds small ones to keep individuals unidentifiable, so categories with too few people to publish are absent rather than shown as zero.
Source: Statistics Canada, 2021 Census of Population. Contains information licensed under the Open Government Licence – Canada.
Work out the numbers
Everything below is calculated in your browser from figures you can change. Nothing is sent anywhere.
If you rented it out
How this is calculated, and what it leaves out
Canadian fixed-rate mortgages compound semi-annually, not monthly, so the monthly rate here is (1 + rate/2)1/6 − 1. Most calculators use rate ÷ 12, which is the American convention and overstates the payment by tens of dollars a month.
Below 20% down, default insurance is mandatory and is added to the loan rather than paid at closing: 2.80% at 85% loan-to-value, 3.10% at 90%, 4.00% at 95%. It is unavailable at or above $1.5M, which is why 20% is a hard floor there.
Not included: vacancy, property management, capital repairs, income tax, and the fact that a lender qualifies you at a stress-test rate rather than the one you are quoted. This is arithmetic on the numbers above, not a mortgage approval or an opinion of what you can afford.