40 Barnes Street

ActiveSt. Thomas · St. Thomas30 days on marketMLS® X13536296

$599,900

$545 / sq ft

Bedrooms5

Bathrooms3

Interior1,100 sq ft

TypeMulti-Family

ListingFor Sale

Days on Market30

About this property

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

Features & finishes

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Air Conditioning

Basement

Property details

MLS® Number	X13536296
Status	Active
Listing Type	For Sale
Property Type	Multi-Family
Interior Size	1,100 sq ft
Beds / Baths	5 bed · 3 bath
Neighbourhood	St. Thomas
City	St. Thomas
Postal Code	N5R 2V5
Province	ON
Listed Date	July 8, 2026
Days on Market	30
Price per Sq Ft	$545
Brokerage	COLDWELL BANKER STAR REAL ESTATE