NewFor sale 50$475,000
2+1 bed2 bath700–1,100 sq ft
37 Fifth Avenue
St. Thomas
4 days agoMLS® X13879226
RE/MAX CENTRE CITY REALTY INC.
$599,900
40 Barnes Street
St. Thomas, Ontario N5R2V5
For sale· Added
4+1 bed3 bath1,100–1,500 sqft
About this home
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 rented at $1,050 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 7.5% 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
Location
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Property details
Listing
- MLS® number
- X13536296
- Added
- Jul 8, 2026 ()
- Updated
- Sep 3, 2026 ()
- Info refreshed
Overview
- Property type
- Multi-family
- Building type
- Duplex
- Storeys
- 2
Inside
- Bedrooms
- 4+1
- Bathrooms
- 3
- Heating
- Forced air, Natural gas
- Cooling
- None
- Fireplace
- No
- Appliances
- Washer, Water meter, Dryer, Water Heater
- Features
- Irregular lot size
Building
- Basement
- Full
- Exterior
- Vinyl siding
- Foundation
- Block, Concrete
- Parking
- Detached Garage, Garage · 5 spaces
Land
- Lot size
- 70.8 x 101.3 ft
- Zoning
- R4
Services
- Water
- Municipal water
- Sewer
- Sanitary sewer
- Utilities
- Sewer, Electricity, Cable
Location
- Cross streets
- Ross Street
- Directions
- Ross Street To Barnes Street, East.
Running costs
- Annual property tax (2025)
- $2,738
Rooms
| Living room | Main level | 3.46 x 4.45 m |
| Living room | Second level | 3.46 x 4.45 m |
| Kitchen | Second level | 3.67 x 2.18 m |
| Bedroom | Second level | 2.1 x 3.5 m |
| Bedroom | Second level | 1.93 x 2.31 m |
| Bathroom | Second level | 1.5 x 2 m |
| Kitchen | Main level | 4.09 x 3.27 m |
| Bedroom | Main level | 3.83 x 3.8 m |
| Bedroom | Main level | 3.67 x 2.18 m |
| Bathroom | Main level | 2.31 x 1.93 m |
| Living room | Basement | 5.22 x 2.82 m |
| Kitchen | Basement | 5.22 x 2.82 m |
| Bedroom | Basement | 3.83 x 2.83 m |
| Laundry room | Basement | 4.07 x 2.58 m |
| Bathroom | Basement | 4.45 x 2.43 m |
$599,900
40 Barnes Street
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