40 Barnes Street St. Thomas, Ontario N5R 2V5
$599,900
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 either the front door or 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 (id:28006)
Property Details
| MLS® Number | X13536296 |
| Property Type | Multi-family |
| Community Name | St. Thomas |
| Amenities Near By | Park |
| Equipment Type | None |
| Features | Irregular Lot Size |
| Parking Space Total | 5 |
| Rental Equipment Type | None |
Building
| Bathroom Total | 3 |
| Bedrooms Above Ground | 4 |
| Bedrooms Below Ground | 1 |
| Bedrooms Total | 5 |
| Age | 100+ Years |
| Appliances | Water Heater, Water Meter, Dryer, Washer |
| Basement Type | Full |
| Cooling Type | None |
| Exterior Finish | Vinyl Siding |
| Foundation Type | Concrete, Block |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 2 |
| Size Interior | 1,100 - 1,500 Ft2 |
| Type | Duplex |
| Utility Water | Municipal Water |
Parking
| Detached Garage | |
| Garage |
Land
| Acreage | No |
| Land Amenities | Park |
| Sewer | Sanitary Sewer |
| Size Depth | 101 Ft ,3 In |
| Size Frontage | 70 Ft ,9 In |
| Size Irregular | 70.8 X 101.3 Ft |
| Size Total Text | 70.8 X 101.3 Ft |
| Zoning Description | R4 |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Second Level | Living Room | 3.46 m | 4.45 m | 3.46 m x 4.45 m |
| Second Level | Kitchen | 3.67 m | 2.18 m | 3.67 m x 2.18 m |
| Second Level | Bedroom | 2.1 m | 3.5 m | 2.1 m x 3.5 m |
| Second Level | Bedroom | 1.93 m | 2.31 m | 1.93 m x 2.31 m |
| Second Level | Bathroom | 1.5 m | 2 m | 1.5 m x 2 m |
| Basement | Living Room | 5.22 m | 2.82 m | 5.22 m x 2.82 m |
| Basement | Kitchen | 5.22 m | 2.82 m | 5.22 m x 2.82 m |
| Basement | Bedroom | 3.83 m | 2.83 m | 3.83 m x 2.83 m |
| Basement | Laundry Room | 4.07 m | 2.58 m | 4.07 m x 2.58 m |
| Basement | Bathroom | 4.45 m | 2.43 m | 4.45 m x 2.43 m |
| Main Level | Living Room | 3.46 m | 4.45 m | 3.46 m x 4.45 m |
| Main Level | Kitchen | 4.09 m | 3.27 m | 4.09 m x 3.27 m |
| Main Level | Bedroom | 3.83 m | 3.8 m | 3.83 m x 3.8 m |
| Main Level | Bedroom | 3.67 m | 2.18 m | 3.67 m x 2.18 m |
| Main Level | Bathroom | 2.31 m | 1.93 m | 2.31 m x 1.93 m |
Utilities
| Cable | Available |
| Electricity | Installed |
| Sewer | Installed |
https://www.realtor.ca/real-estate/30003860/40-barnes-street-st-thomas-st-thomas
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July 08 2026 12:50:43
London and St. Thomas Association of REALTORS®
Coldwell Banker Star Real Estate