3 Beds 3 Bath

23 Barnes Street, St. Thomas, ON N5R 2V4

St. Thomas N5R 2V4 Ontario

MLS: X12853090

$524,999

Added 7 hours ago | For Sale

Listed by: BLUE FOREST REALTY INC.

About Property

An outstanding opportunity to own a well-maintained and thoughtfully updated triplex offering excellent income potential and long-term stability. This fully tenanted property features three self-contained 1-bedroom units, private outdoor spaces, and numerous capital improvements throughout.Unit 1 - Main Floor Front Bright 1-bedroom unit with covered front porch. Long-term month-to-month tenant currently paying $698/month + hydro.Unit 2 - Upper Unit Spacious 1-bedroom unit with private balcony. Currently leased at $1,035.32/month + hydro.Unit 3 - Main Floor Back Fully renovated to open-concept design in 2023, this stylish 1-bedroom unit offers a covered porch and large private rear deck. Leased at $1,600/month. Additional income generated by coin-operated washer and dryer (installed 2021), averaging approximately $800-$1,000 annually.Extensive updates provide peace of mind, including:Shingles (2019)Main porch railing (2020)Front door with keyless entry (2020)Most windows replaced Main floor front unit renovation (2020) with new flooring, paint, trim, and bathroom updates Upper unit flooring updates (2021)New furnace with dual heat control (November 2021)Owned water heaters The property offers two driveways with a total of three parking spaces. Covered porches and private outdoor areas enhance tenant appeal.A solid addition to any investment portfolio, offering reliable rental income, strong tenancy, and significant recent improvements.

Features

  • House Style:Triplex
  • Bathrooms:3
  • Land Size: 58.5 X 83.5
  • Water:Municipal
  • Garage Spaces: /None
  • Driveway:
  • Heating Fuel:Gas
  • Cross Street:WELLINGTON AND PRINCESS
  • Basement:Separate Entrance , Separate Entrance
  • Possession Date:30 DAYS AFTER CLOSING
  • Annual Property taxes: $2394
  • Bedrooms:3
  • Total Parking Spaces:3
  • Parking Places:3
  • Heating Type:Forced Air
  • Pool Type:None
  • Exterior:
  • Direction Facing:North
  • Front Footage:
  • Listing ID:X12853090

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