40 Barnes Street, St. Thomas — For Sale in St. Thomas
5 bed · 3 bath · Duplex for sale in St. Thomas.
40 Barnes Street, St. Thomas, ON N5R 2V5
About This Property
Now for sale at 40 Barnes Street in St. Thomas: a 5-bedroom, 3-bathroom duplex listed at $599,900.
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 either the front door or 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
Property Specifications
| MLS® Number | X13536296 |
|---|---|
| Status | For Sale |
| List Price | $599,900 |
| Property Type | Residential Freehold |
| Sub Type | Duplex |
| Transaction Type | For Sale |
| Bedrooms | 5 |
| Bathrooms | 3 |
| Parking | 5 spaces |
| Address | 40 Barnes Street, St. Thomas, ON N5R 2V5 |
| City | St. Thomas |
| Postal Code | N5R 2V5 |
Listing Contracted With: COLDWELL BANKER STAR REAL ESTATE
