23 Barnes Street,St. Thomas, ON N5R 2V4
St. Thomas, ON N5R 2V4
Description
An exceptional opportunity to own a well-maintained and extensively updated triplex offering strong income potential and long-term investment stability. This property features three self-contained 1-bedroom units, private outdoor spaces, and numerous capital improvements throughout. Unit 1 - (Main Floor) Front Bright and inviting 1-bedroom unit featuring a covered front porch. Long-term month-to-month tenant currently paying $698/month + hydro. Unit 2 - (Upper Unit) 1-bedroom unit with a private balcony. Currently leased at $1,035.32/month + hydro. Unit 3 - (Main Floor Back) Fully renovated in 2023 with a modern open-concept layout, this stylish 1-bedroom unit includes a covered porch and large private rear deck. Currently vacant, providing an excellent opportunity to set market rent or occupy yourself. Additional income is generated through a coin-operated washer and dryer installed in 2021, averaging approximately $800-$1,000 annually. Recent Updates Include: Shingles (2019), Main porch railing (2020), Front door with keyless entry (2020), Most windows replaced, Main floor front unit renovation (2020), including flooring, paint, trim, and bathroom updates, Upper unit flooring updates (2021), New furnace with dual heat control (November 2021), Owned water heaters. This property also offers two driveways with parking for three vehicles. Covered porches and private outdoor areas enhancing tenant appeal and overall value. A turnkey addition to any investment portfolio with reliable rental income, quality tenants, and significant recent improvements.
Details
| MLS # | X13109596 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | New |
| Year | 0 |
| Days On Site | 101 |
| Listing Provided By | BLUE FOREST REALTY INC. | X13109596 411000 |
Features
| Bed(s) | 3 |
|---|---|
| Bath(s) | 3 |
| Basement | Y |
| Story(s) | 2 |
| Acreage | 0.11 |
Interior
| Interior Features | Water Heater Owned |
|---|---|
| Cooling | Central Air, Wall Unit(s) |
| Heat Source | Gas |
| Fireplace Yes / No | No |
Exterior
| Roof | Shingles |
|---|---|
| Foundation Details | Concrete Block |
| Construction Materials | Vinyl Siding |
Parking
| Garage Yes / No | No |
|---|
Utilities
| Sewer | Sewer |
|---|
Taxes
| Tax Annual Amount | 2394 |
|---|---|
| Tax Legal Description | PT LT 34-35 PL 76 ST. THOMAS AS IN E419664; ST. THOMAS |
| Tax Year | 2025 |
Area Information
| Province | ON |
|---|---|
| Region | Elgin |
| City | St. Thomas |
| Postal Code | N5R 2V4 |
| Area | St. Thomas |
| Listing VS Median (in N5R 2V4) | |
Price: $499,999 low | high Med: $0 On site: 101 low | high Med: | |
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Learn More About This Property
| Province | ON |
|---|---|
| Region | Elgin |
| City | St. Thomas |
| Postal Code | N5R 2V4 |
| Area | St. Thomas |
| Listing VS Median (in N5R 2V4) | |
Price: $499,999 low | high Med: $0 On site: 101 low | high Med: | |
