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

    Est payment $2,401/mo
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    Views   4
    Time on Jump  159 day

    AI Summary *

    • Well-maintained triplex with strong income potential from three 1-bedroom units.
    • Private outdoor spaces, including covered porches and balconies for each unit.
    • Recent renovations and updates enhance value and attract quality tenants.
    • Coin-operated laundry offers additional income averaging $800-$1,000 annually.
    • Two driveways provide parking for three vehicles, adding convenience for tenants.




    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 leased at $1500. 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

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

    Parking 3.00
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    Listing Brokerage: BLUE FOREST REALTY INC.

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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    23 Barnes Street
    St. Thomas , Ontario
    3 3 $499,999
    Get more info