The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by the Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Listing data provided by the Toronto Regional Real Estate Board (TRREB). Data is deemed reliable but not guaranteed.
Immaculate and well-maintained warehouse facility strategically located in the northeast end of the City of St. Thomas, in close proximity to the new battery plant currently under construction-an ideal opportunity for feeder or supporting industries. Originally built in 1974 with a substantial addition completed in 2004, this property offers a functional and versatile layout suitable for a wide range of industrial or warehousing operations.The office component totals approximately 2,665 square feet and includes a welcoming reception area, multiple private offices, staff washrooms, a retail/showroom area, and a boardroom. The warehouse area comprises approximately 31,055 square feet. The original section measures roughly 161' x 119' with clear heights ranging from 17' to 20' at the center and includes an office and staff washrooms. The newer addition measures approximately 59' x 168' and features an office, storage area, one drive-in truck door, and three loading docks. The entire building is fully sprinklered.The rear yard offers fenced and gated parking, providing added security and functionality. Numerous updates and renovations have been completed over the past several years, reflecting pride of ownership throughout.Please note that zoning for the property was amended to residential in 2018; however, the existing warehousing use is legal and conforming. Discussions with the City of St. Thomas Planning Department indicate a willingness to work with a new owner to support compliance with future intended uses.The current owner has occupied the property since 2008 and is relocating to a new facility presently under construction. A sale-leaseback arrangement for approximately 2-3 years is preferred, offering potential income stability for an investor during the transition period.
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What’s NearbyDistances approximate
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Estimated Rental Income
Rental estimate coming soon
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A monthly rent range from nearby leased homes of the same type and size
The leased comparables behind it (signed-in, VOW-gated)
Gross yield at the current list price
Monthly Cost
A quick estimate to plan with. Taxes come from the listing; change the other inputs to match your situation.
Estimated monthly$20,100/mo
Mortgage (principal + interest)$16,834
Property taxFrom listing: $39,188/yr$3,266
Minimum 20% ($900,000 on this price) applies to homes priced over $1.5M in Canada; the slider starts at 20%. Confirm with a lender.
Mortgage uses Canadian semi-annual compounding. Houses-Gate doesn’t offer financing.
Estimated Budget
About how much cash you’ll need on closing day, besides the mortgage.
Down payment20% of the list price$900,000
Ontario land transfer taxProvincial brackets, no first-time refund$98,975
Legal fees & disbursementsTypical range $1,800–$2,800$1,800
Home inspectionTypical range $500–$800$600
Title insuranceTypical range $300–$600$400
Cash needed at closingEstimate$1,001,775
First-time buyers can get up to $4,000 back on Ontario land transfer tax. St. Thomas has no municipal land transfer tax (Toronto does).
Uses Ontario’s land transfer tax brackets and the down payment set in Monthly Cost. Legal, inspection and title-insurance figures are typical ranges, not quotes.
Listing data is provided under copyright by the Toronto Regional Real Estate Board (TRREB). The data is deemed reliable but is not guaranteed to be accurate. The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by the Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.
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