For Sale: 23 Barnes Street, St. Thomas, ON - REW
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$499,999
3 bd • 3 ba • 1500 - 1999 sf • Multifamily
23 Barnes Street
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$499,999
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23 Barnes StreetSt. Thomas, ON, N5R 2V4

  • 3 Bed
  • 3 Bath
  • 1500 - 1999 Sqft
  • Multifamily

About this home

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. (id:63626)
Listed by: METIN SELIM, Salesperson, BLUE FOREST REALTY INC.

Home facts and features

Price details
List Price
$499,999
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Gross Taxes for 2025
$2,394
Home facts
Bedrooms
3
Full Bathrooms
3
Parking Spaces
3
Parking Details
No Garage
Property Type
Multifamily
Depth
83.5 feet
Frontage
58.6 feet
Exterior Finish
Vinyl siding
Heating Type
Forced air, Natural gas
Cooling
Central air conditioning, Wall unit
Basement Details
Separate entrance,
Appliances
Dryer, Refrigerator, Stove, Washer, Water Heater
Agent details
Primary Agent
METIN SELIM
Primary Broker
BLUE FOREST REALTY INC.
Listing details
Days on REW
25 Days
MLS® Number
X13109596
Source
Canadian Real Estate Association
Board
London and St. Thomas Association of REALTORS®
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Property Insights

Arthur Voaden Secondary School
  • Public
  • 9 - 12
Pierre Elliott Trudeau French Immersion Public School
  • Public
  • K - 8
Central Elgin Collegiate Institute
  • Public
  • 9 - 12
June Rose Callwood Public School
  • Public
  • JK - 8
Forest Park Public School
  • Public
  • JK - 8
St. Anne's School
  • Catholic
  • JK - 8
Elgin Court Public School
  • Public
  • JK - 8
Monsignor Morrison School
  • Catholic
  • JK - 8
Lockes Public School
  • Public
  • JK - 8
John Wise Public School
  • Public
  • JK - 8
School catchments and distances are intended to be used as reference only. To verify enrolment eligibility for a property, contact the school directly.Report Incorrect Info
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Salesperson
METIN SELIM
Office:
519-649-1888
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