23 BARNES STREET, St. Thomas
$499,999
For sale: Multiplex
- Property type
- Triplex
- Bedrooms / bathrooms
- 3 bedrooms, 3 bathrooms
- Living area
- 2,000 sqft
- MLS®
- MLS® X13109596
- Neighbourhood
- St. Thomas
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.
Sold data
Multiplex homes in St. Thomas — recent sold market
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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 64 days.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.
- Median days to sell
- 47
- Median sale price
- $519,900
- Sale-to-list ratio
- 96.3%
- Sold above asking
- 3%
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
Schools in St. Thomas
St. Thomas has 16 Fraser Institute–rated schools (12 elementary and 4 secondary), averaging 5.2/10.
- Rated schools
- 16
- Elementary
- 12
- Secondary
- 4
- Average rating
- 5.2 / 10
Top-rated schools in St. Thomas
- Eva Circe-Cote FI — elementaryFraser rating 7.1/10
- Southwold — elementaryFraser rating 6.8/10
- Pierre Elliott Trudeau FI — elementaryFraser rating 6.5/10
- St. Joseph's — secondary, St ThomasFraser rating 6.5/10
- Lockes — elementaryFraser rating 6.2/10
- Parkside — secondary, St ThomasFraser rating 6.1/10
School ratings from the Fraser Institute's Ontario school report cards.
Currently for sale
Homes for sale near 23 BARNES STREET
$486,900
Townhouse331,500–2,000 sqft58 STOSS STREET, Rural Southwold, Southwold
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Semi-Detached/Link331,500–2,000 sqft118 STYLES DRIVE, St. Thomas, St. Thomas
$473,500
Townhouse331,500–2,000 sqft62 STOSS STREET, Rural Southwold, Southwold
$473,500
Townhouse331,500–2,000 sqft60 STOSS STREET, Rural Southwold, Southwold
$560,900
Semi-Detached/Link331,500–2,000 sqft163 STYLES DRIVE, St. Thomas, St. Thomas
$560,900
Semi-Detached/Link331,500–2,000 sqft165 STYLES DRIVE, St. Thomas, St. Thomas
$489,900
Vacant Land331,200–1,399 sqft11 - 279 HILL STREET, Port Stanley, Central Elgin
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Vacant Land331,400–1,599 sqft9 - 279 HILL STREET, Port Stanley, Central Elgin