$460,000
For sale: Other

Downtown St Thomas commercial store front building with the main floor completely renovated in 2019with new furnace, air conditioner, water heater, laminate flooring and handicap accessible washroom. The main floor is open concept with excellent storefront glass exposure. The second floor was utilized as a darkroom for the former owners and could be converted into a studio/bachelor apartment. The upper unit has electric baseboard heating. The basement is clean and has a 1 piece washroom. This is an excellent opportunity for your business to locate without many upgrades and the potential for additional income from the upper unit.
Sold data
Homes in St. Thomas took a median of 24 days to sell over the last 90 days, with the quickest quarter selling within 14 days and the slowest quarter taking more than 47, across 148 recorded sales.
That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 50 days.
The median sale price was $527,450.
Homes sold for about 2.5% below asking on average, so there was room to negotiate.
About 11% of sales closed above the list price.
Around 26% of sellers reduced their price before finding a buyer.
Based on 148 recorded sales in the last 90 days. Aggregate statistics only; individual sale prices are not shown.
Schools
St. Thomas has 16 Fraser Institute–rated schools (12 elementary and 4 secondary), averaging 5.2/10.
School ratings from the Fraser Institute's Ontario school report cards.
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