23 Barnes Street, St. Thomas, ON N5R 2V4
St. Thomas, ON, N5R 2V4 · St. Thomas
About this property
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.
Features & Amenities
- Basement: Separate Entrance
- Garage: None
- Cooling: Central Air, Wall Unit(s)
- Heat Type: Forced Air
- Heat Source: Gas
- Style: 2-Storey
- Construction: Vinyl Siding
- Sewer: Sewer
Property Details
| Property Type | Residential Freehold |
|---|---|
| Property Sub-Type | Triplex |
| Architectural Style | 2-Storey |
| Bedrooms | 3 |
| Bathrooms | 3 |
| Lot Size | 4,983 Feet |
| Basement | Separate Entrance |
| Garage | None |
| Parking Spaces | 3 |
| Heat Type | Forced Air |
| Heat Source | Gas |
| Cooling | Central Air, Wall Unit(s) |
| Sewer | Sewer |
| Annual Tax | $2,394 |
| Tax Year | 2025 |
Interior Features
- Interior Features
- Water Heater Owned
Exterior Features
- Pool Features
- None
Building & Construction
- Architectural Style
- 2-Storey
- Construction Materials
- Vinyl Siding
- Foundation Details
- Concrete Block
- Roof
- Shingles
- Basement
- Separate Entrance
Heating & Cooling
- Heat Type
- Forced Air
- Heat Source
- Gas
- Cooling
- Central Air, Wall Unit(s)
Parking & Garage
- Garage Type
- None
- Parking Spaces
- 3
- Parking Total
- 3.00
- Covered Spaces
- 0
Lot & Land
- Lot Size Area
- 4983.00
- Lot Size Units
- Feet
- Lot Depth
- 83.50
- Lot Width
- 58.50
Financial & Tax
- Tax Annual Amount
- $2,394
- Tax Year
- 2025
- Possession Type
- Flexible
- Possession Details
- 30 DAYS AFTER CLOSING
Utilities & Services
- Sewer
- Sewer
Room Details
- Rooms Above Grade
- 8
- Kitchens Above Grade
- 3
- Kitchens Total
- 3
- Bedrooms Above Grade
- 3
Additional Details
- Occupant Type
- Tenant
- Direction Faces
- North
- County Or Parish
- Elgin
- Cross Street
- WELLINGTON AND PRINCESS
- Directions
- WELLINGTON STREET, NORTH ONTO ROSS STREET, RIGHT ONTO BARNES STREET HOUSE LOCATED ON THE LEFT
- Special Designation
- Unknown
- Showing Requirements
- Lockbox, Showing System
Location
23 Barnes Street, St. Thomas, ON N5R 2V4, St. Thomas, ON, N5R 2V4