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view of front facade featuring a front yard and a porch Features: porch, electric meter, balcony, lawn

view of property exterior with roof with shingles Features: fence, patio

wooden terrace featuring area for grilling Features: grill, pergola, deck

hall featuring attic access and dark wood-style flooring Features: hardwood floor, wall mounted ac

kitchen featuring white cabinetry, a peninsula, dark wood finished floors, stainless steel appliances, and tasteful backsplash Features: u shaped kitchen, sink, backsplash, vent, microwave, range oven, wall mounted ac, natural light, stone countertops, kitchen peninsula, kitchen bar, refrigerator, shaker cabinets, hardwood floor, white cabinets

kitchen featuring stainless steel appliances, white cabinetry, dark wood-type flooring, light stone counters, and recessed lighting Features: stone countertops, shaker cabinets, dishwasher, white cabinets, refrigerator, hardwood floor

basement with recessed lighting and dark wood-style flooring Features: hardwood floor, vent

walk in closet featuring dark wood-style floors Features: hardwood floor

half bath with vanity and light marble finish floors Features: vent, sink, toilet, vanity, mirror

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For Sale - 23 Barnes Street, St. Thomas, Ontario

23 Barnes Street

St. Thomas , Ontario

3 3 $499,999

Est payment $2,401/mo

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Time on Jump 60 day

AI Summary *

Well-maintained triplex featuring three self-contained 1-bedroom units.
Strong income potential from long-term reliable tenants and coin-operated laundry.
Recent updates including roofing, flooring, and new furnace for peace of mind.
Private outdoor spaces and covered porches enhance tenant comfort and attraction.
Two driveways provide parking for up to three vehicles.

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Down Payment:
$ 24,999 ( 5% )

First Time Buyer:
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New Build:
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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 IDX13109596

Address23 Barnes Street

CitySt. Thomas, Ontario

Price$499,999

Bed / Bath3 / 3 Full

Style2-Storey, Triplex

ConstructionVinyl Siding

Land Size4983

TypeMulti-Family

StatusFor Sale

Extras

Subtype TriplexIndoor Features Water Heater OwnedOwnership FreeholdBasement Separate EntranceFoundation Concrete BlockHeating / Cooling Forced AirHeating Fuel GasSewer Sewer

Market Info

Parking 3.00

Listing Agency:
BLUE FOREST REALTY INC.

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Listing Agency:
BLUE FOREST REALTY INC.

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For Sale - 23 Barnes Street, St. Thomas, Ontario

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