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$599,900
Ontario,St. Thomas
For Sale Active
40 BARNES STREET, St. Thomas, Ontario N5R2V5
  • 5
  • 3
  • 1100 - 1500Square Feet
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Basic Details
Description

INVESTMENT OPPORTUNITY AWAITS – This turnkey Duplex with a legal basement apartment is located on a large 70′ wide lot on a quiet street in the heart of St Thomas and close to all amenities. MAIN FLOOR UNIT – Accessed through the side door, this unit features 2 Bedrooms, Livingroom, Kitchen with Refrigerator and Stove included, and 4 Piece Bath

– Currently vacant but lease potential of $1, 800 per month Plus 1/2 Hydro. UPPER UNIT – Accessed through the front door, this unit features 2 Bedrooms, Livingroom, Kitchen with Refrigerator and Stove included and a 3 piece Bath – Currently leased at $1, 550 per month on a month – month basis plus hydro. BASEMENT UNIT – Access is through the rear door and features 1 Bedroom with a fire coded egress window, Livingroom, Kitchen with Refrigerator and Stove included, and a 3 Piece Bath – Currently vacant but lease potential of $1, 200 per month + 1/2 hydro. UTILITIES – Landlord pays for Enbridge gas heat and common hydro usage, 3 electrical meters – one for upper, one for main and basement and 1 for common area and the 3 Hot water tanks are owned. OUTSIDE – The double wide paved drive is large enough to handle 3-4 vehicles with access to the Garage for storage of lawn equipment. LAUNDRY – A condensing Washer and Dryer unit is located in each unit for use by the tenants. SAFETY – Smoke and CO Detectors on all 3 levels are linked to provide added safety. INCOME AND EXPENSES – Based on 2025 costs – Insurance $2, 787.92, Enbridge Gas $1, 079.36, Property Taxes $2, 738.00, Entegrus hydro/water/sewer $1, 152 offering a 6.5% CAP Rate. ADDITIONAL RESIDENTIAL UNITS – Explore adding Additional Residential Units in the rear / side yard or possibly severing the side yard to increase the investment potential of this property. NEXT STEPS – With the explosive growth happening in St Thomas, don’t wait to schedule an appointment today to checkout your next invest opportunity (id:62650)

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Basic Details
  • Property Type: Residential Income
  • Listing Type: For Sale
  • Listing ID: X13536296
  • Price: $599,900
  • Bedrooms: 5
  • Bathrooms: 3
  • Square Footage: 1100 - 1500 Sqft
  • Status: Active
  • Office Name: COLDWELL BANKER STAR REAL ESTATE
  • Property Attached Yn: 1
  • Property Sub Type: Multi-family
  • Office Key: 293919
Features & Appliances
Features
  • Heating System: Forced air, Natural gas
  • Cooling System: None
  • Basement: Full
  • Parking: Detached Garage, Garage
  • Exterior Features: Vinyl siding
  • Sewer: Sanitary sewer
  • Utilities: Electricity, Sewer, Cable
Address Map
  • Location: CA, Ontario, St. Thomas, N5R2V5
  • Street: Barnes
  • Street Number: 40
  • Street Suffix: Street
  • Longitude: W82° 48' 49.6''
  • Latitude: N42° 46' 32.4''
Additional Information
  • Water Source:
  • Foundation Details:
  • Lot Features:
  • Lot Size Dimensions: 70.8 x 101.3 FT
  • Stories: 2.0
Financial
  • Tax Annual Amount: 2738
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Listing updated: 2026-07-24 19:14:41
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Listing Information
  • List Agent Key: 1386751
  • List Office Key: 293919
  • Modification Timestamp: 2026-07-21T02:30:14Z
  • Originating System Name: London and St. Thomas Association of REALTORS®
  • Status Change Timestamp: 2026-07-21T02:20:25Z
Powered by REALTOR.ca
Listing updated: 2026-07-24 19:14:42
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