$449,999
7216 TALBOT TRAIL
Beds
2
Baths
4.2
Sqft
—
Year
1950
Location
See the block, not just the house.
Open the map for street view, commute checks, and nearby schools, groceries, mosques, parks, and transit stops.
About this home
Versatile live/work/investment opportunity in the heart of Dealtown, ideally located on Talbot Trail just minutes from Lake Erie and within an easy commute to Chatham. This high-visibility corner lot offers excellent exposure along with ample on-site parking. The expansive main floor commercial space, previously operated as a restaurant and variety store, features a functional layout with generous square footage, two 2-piece bathrooms, a commercial range hood, and the flexibility to re-establish a food service operation or adapt the space for a wide range of potential uses, subject to approvals. Upstairs, the bright and well-thought-out residential unit offers two bedrooms and two full bathrooms, including a spacious primary suite with walk-in closet and private ensuite, along with in-unit laundry, a warm wood kitchen, beautiful natural wood finishes throughout, a cozy gas fireplace, and a separate bar room ideal for entertaining. Enjoy stunning Lake Erie views from the enclosed rear porch, providing the perfect setting for morning coffee or evening relaxation. A heated, detached 2.5-car garage adds further value with options for additional parking, storage, or workshop space, making this a rare and flexible opportunity for entrepreneurs, investors, or those seeking a unique mixed-use property. Conveniently located near the Lake Erie waterfront and within easy reach of Chatham. (id:65958)
- Subtype
- Single Family
- Structure
- House
- Common interest
- Freehold
- Lot dimensions
- 71.73 X / 0.305 AC
- Bedrooms
- 2 above grade, 0 below grade
- Stories
- 2
- Fireplace
- 1
- On market
- Jan 21, 2026
- Status changed
- Apr 15, 2026
- Annual tax
- $2,124.56 (2025)
- Zoning
- VC
- Photos
- 50
- MLS#
- 26001411
- Area
- DEALTOWN
Features and systems
Parking
Heating
Cooling
Exterior
Flooring
Foundation
Lot
Cash on cash
-12.26%
Cap rate
3.44%
GRM
16.7
Break-even rent
$3,218
Financing
Operating expenses (monthly)
Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.
Lifestyle nearby
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Dealtown. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.
Mortgage estimate
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 15, 2026.