23 Barnes ST, St. Thomas, ON N5R 2V4
23 Barnes ST, St. Thomas, ON N5R 2V4
23 Barnes ST, St. Thomas, ON N5R 2V4
23 Barnes ST, St. Thomas, ON N5R 2V4
23 Barnes ST, St. Thomas, ON N5R 2V4
23 Barnes ST, St. Thomas, ON N5R 2V4
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Alyson Te

Alyson Te

+1(647) 835-1028
$ 499,999
Est. payment | /mo

3 Beds

3 Baths

4,983 Sqft Lot

Save
$ 499,999
Est. payment | /mo
Save

3 Beds

3 Baths

4,983 Sqft Lot

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 1500-2000

Subdivision St. Thomas

MLS Listing ID X13109596

Style 2-Storey

Bedrooms 3

Annual Tax Amount $2,394

Tax Year 2025

Lot Size 4,983 Sqft

Property Sub-Type Triplex

Property Description

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 leased at $1500. 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.

Location

Province ON

County Elgin

Area Elgin

Rooms

Family Room Yes

Basement Separate Entrance

Kitchen 3

Interior

Interior Features Water Heater Owned

Cooling Central Air, Wall Unit(s)

Fireplace No

Heat Source Gas

Exterior

Pool None

Roof Type Shingles

Lot Frontage 58.5

Lot Depth 83.5

Total Parking Spaces 3

Building

Foundation Concrete Block

Others

ParcelsYN No

Listed by BLUE FOREST REALTY INC.

Nearby Locations

Alyson Te

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(647) 835-1028

alyson@elitesold.com

50 Leek Cres, Richmond Hill, ON L4B 4J3, CAN

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23 Barnes ST