$599,900
Available - For Sale
Listing ID: X13536296
40 Barnes Street , St. Thomas, N5R 2V5, Elgin
| 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 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 |
| Price | $599,900 |
| Taxes: | $2738.00 |
| Assessment Year: | 2025 |
| Occupancy: | Tenant |
| Address: | 40 Barnes Street , St. Thomas, N5R 2V5, Elgin |
| Directions/Cross Streets: | ROSS STREET |
| Rooms: | 15 |
| Bedrooms: | 4 |
| Bedrooms +: | 1 |
| Family Room: | F |
| Basement: | Full |
| Level/Floor | Room | Length(ft) | Width(ft) | Descriptions | |
| Room 1 | Main | Living Ro | 11.35 | 14.6 | |
| Room 2 | Main | Kitchen | 13.42 | 10.73 | |
| Room 3 | Main | Bedroom | 12.56 | 12.46 | |
| Room 4 | Main | Bedroom | 12.04 | 7.15 | |
| Room 5 | Main | Bathroom | 7.58 | 6.33 | |
| Room 6 | Basement | Living Ro | 17.12 | 9.25 | |
| Room 7 | Basement | Kitchen | 17.12 | 9.25 | |
| Room 8 | Basement | Bedroom | 12.56 | 9.28 | |
| Room 9 | Basement | Laundry | 13.35 | 8.46 | |
| Room 10 | Basement | Bathroom | 14.6 | 7.97 | |
| Room 11 | Second | Living Ro | 11.35 | 14.6 | |
| Room 12 | Second | Kitchen | 12.04 | 7.15 | |
| Room 13 | Second | Bedroom | 6.89 | 11.48 | |
| Room 14 | Second | Bedroom | 6.33 | 7.58 | |
| Room 15 | Second | Bathroom | 4.92 | 6.56 |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 4 | Main |
| Washroom Type 2 | 3 | Second |
| Washroom Type 3 | 4 | Basement |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 |
| Total Area: | 0.00 |
| Approximatly Age: | 100+ |
| Property Type: | Duplex |
| Style: | 2-Storey |
| Exterior: | Vinyl Siding |
| Garage Type: | Detached |
| (Parking/)Drive: | Private |
| Drive Parking Spaces: | 4 |
| Park #1 | |
| Parking Type: | Private |
| Park #2 | |
| Parking Type: | Private |
| Pool: | None |
| Approximatly Age: | 100+ |
| Approximatly Square Footage: | 1100-1500 |
| Property Features: | Park |
| CAC Included: | N |
| Water Included: | N |
| Cabel TV Included: | N |
| Common Elements Included: | N |
| Heat Included: | N |
| Parking Included: | N |
| Condo Tax Included: | N |
| Building Insurance Included: | N |
| Fireplace/Stove: | N |
| Heat Type: | Forced Air |
| Central Air Conditioning: | None |
| Central Vac: | N |
| Laundry Level: | Syste |
| Ensuite Laundry: | F |
| Sewers: | Sewer |
| Utilities-Cable: | A |
| Utilities-Hydro: | Y |
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| COLDWELL BANKER STAR REAL ESTATE |
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At a Glance:
| Type: | Freehold - Duplex |
| Area: | Elgin |
| Municipality: | St. Thomas |
| Neighbourhood: | St. Thomas |
| Style: | 2-Storey |
| Approximate Age: | 100+ |
| Tax: | $2,738 |
| Beds: | 4+1 |
| Baths: | 3 |
| Fireplace: | N |
| Pool: | None |
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