$499,000
For sale: Multiplex

Up and down duplex in Courthouse location. Upper unit is vacant. Main level is currently rented for $1,150.00 + hydro. Could easily be converted to single family residential. Main floor includes, two bedrooms, back kitchen with easy access to back deck, spacious living room, and front dining room. Second floor provides 2 bedrooms, living room, good size kitchen, and 3 pc bath. Other features covered front porch, large back deck, updated doors at back, gutter guards on troughs, onsite laundry accessible from both units. Laundry is currently included in main floor tenants rent. Tenant is month to month. Upper unit was rented for $1,000.00 / month + hydro. Owner pays for heat, water and some of the hydro. Vacant possession is possible, but all Landlord Tenant Board rules must be followed.
Sold data
Multiplex homes in St. Thomas took a median of 47 days to sell over the last 730 days, with the quickest quarter selling within 25 days and the slowest quarter taking more than 75, across 35 recorded sales.
That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 64 days.
The median sale price was $519,900.
Homes sold for about 3.7% below asking on average, so there was room to negotiate.
About 3% of sales closed above the list price.
Around 23% of sellers reduced their price before finding a buyer.
Based on 35 recorded sales in the last 2 years — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.
Schools
St. Thomas has 16 Fraser Institute–rated schools (12 elementary and 4 secondary), averaging 5.2/10.
School ratings from the Fraser Institute's Ontario school report cards.
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