23 Barnes St, St. Thomas, Ontario

Multi-Family for Sale in St. Thomas

23 Barnes St, St. Thomas, ON

  • CA$499,999
  • 3 BEDS
  • 3 BATHS
  • 4,983 sq.ft. Land
  • CA$499,999

Multi-Family for Sale in St. Thomas

23 Barnes St, St. Thomas, ON

  • CA$499,999
  • 3 BEDS
  • 3 BATHS
  • 4,983 sq.ft. Land
  • CA$499,999

Key Facts

  • MLS® #: X13109596
  • Property ID: SIRC3327878
  • Property Type: Residential, Triplex
  • Lot Size¹: 4,983 sq.ft.
  • Bedrooms: 3
  • Bathrooms: 3
  • Additional Rooms: Den
  • Parking Spaces: 3
  • Listed By:
  • BLUE FOREST REALTY INC.

Property 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.

Listing Agents

BLUE FOREST REALTY INC.

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Location

23 Barnes St, St. Thomas, Ontario, N5R 2V4 Canada

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