For Rent

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

$25

985 Talbot Street, St. Thomas, Ontario N5P 1E9 is For Rent and has a listing price of 25. The property is located in the St. Thomas neighbourhood . It's been on the website for 85 Days.

  • MLS ID: X12466634
  • Office Name ROYAL LEPAGE TRILAND REALTY
Property Description

Prime 3,433 sq. ft. commercial building located in the heart of downtown St. Thomas, positioned along the east end of Talbot Street in a high-traffic corridor. Previously operated as a pizza restaurant and convenience store, the property has been fully renovated within the past three years, including significant upgrades to heating, electrical, plumbing, washrooms, air conditioning, and flooring.The front portion of the building, approximately 2,000 sq. ft., is ideally configured for restaurant or food service use and includes an existing hood and kitchen area. A built-in wood-fired pizza oven may be available; however, it is not warranted by the landlord. Any equipment shown in marketing materials may not be included as part of the lease. This front section is fully barrier-free and features accessible washrooms.The rear portion offers approximately 1,400 sq. ft. of open-concept space, providing excellent flexibility for a variety of retail, service, or storage uses. The layout allows the premises to be leased as a single unit or demised into two separate spaces, subject to lease terms.Ideally located just one block from the Walmart Plaza site and one block from the busiest traffic intersection in the city, the property benefits from strong surrounding commercial activity. Nearby national tenants include McDonald’s, KFC, the LCBO, and other well-established businesses, making this an exceptional retail opportunity.Offered on a net lease basis with a base rent of $25.00 per square foot. Tenants are responsible for common area costs, including realty taxes (currently $6.65 per sq. ft. or $22,848.92 annually), insurance (currently $1.11 per sq. ft. or $3,792.96 annually), as well as maintenance, snow removal, landscaping, and grass cutting. Floor plans are available upon request.

Property Details
  • MLS ID: X12466634
  • Price: $25
  • Lot Depth: 219.93
  • Transaction Types: For Rent
  • Ref ID: X12466634
  • Year Built: N/A
  • Dir / Cross St: FIRST AVENUE
  • Status: Active
  • Tax Year: 2025
  • Property Type: Commercial
  • Property Sub Category: Retail
Price History
List Date MLS ID List Price Status End Date Closed Price
12/19/2025 X12643968 $2,400,000 For Sale - -
11/11/2025 X12533016 $2,600,000 For Sale - -
10/16/2025 X12466634 $25 For Rent - -
Market Temperature
  • Buyer's Market
  • Balanced
  • Seller's Market
Neighborhood Stats
St. Thomas
  • $1,772 Average List Price
    based on 1 year
  • 115 New Listings
    based on 30 days
  • 55 Median Days on Market
    based on 1 year
  • List vs. Selling Price 74.34 % Up
  • Sold (12mo) 654
  • Rented (12mo) 73

  • 1 Month Change -100.0%
  • 3 Month Change -
  • 6 Month Change -100.0%
Walkscore
Additional Details
  • Heat Type Y
  • Garage Type Y
  • Parking Spaces: 63
  • Taxes: $22,849
  • Last Status New
  • Original Price: $0
  • Sold Price: $0
  • Addl Monthly Fees: $0
  • Possession Remarks: FLEXIBLE
  • Listing Entry Date: 16/10/2025 19:36:26
Want to see this property?