$658,900
For sale: Multiplex

Welcome to 40-42 Locust Street, located on the South side of the City of St Thomas. This well-maintained, two storey, purpose-built all brick duplex offers an excellent opportunity for an investor, extended family, or owner occupier looking for additional income. Unit 40, located on the left Is the main floor unit, offers a spacious living room with patio doors opening onto a welcoming front porch. The eat-in kitchen includes a fridge, stove, and dishwasher. The generously sized primary bedroom features patio doors leading to a concrete rear porch and beautifully fenced-in yard. A second bedroom, 4pc bathroom, and convenient in-unit laundry complete the unit. Efficient hot-water boiler heating with in-floor heating provides comfort and warmth throughout. Unit 42, the upper unit, offers a similar spacious layout with a bright living room and patio doors leading to a front deck. The eat-in kitchen includes a fridge, stove, and dishwasher. A generously-sized primary bedroom, second bedroom, 4pc bathroom, a convenient second-floor laundry provide comfortable and practical living. The same efficient hot-water boiler system with in-floor provides warmth and helps keep operating costs manageable. Both units share access to a large fully fenced backyard, providing excellent outdoor space and privacy. A shared storage shed offers additional convenient storage for both units. Offering two self-contained units and an attractive opportunity for investors or buyers to live in one unit while generating rental income.
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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 64 days.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.
Currently for sale

$659,900
Detached241 OLDHAM STREET, South T, London South

$649,900
Detached14 THE BIRCHES STREET, South T, London South

$659,900
Detached102 LOGGERS GROVE, East P, London East

$699,000
Detached254 KETTLE CREEK DRIVE, Belmont, Central Elgin

$644,000
Detached82 LACEY CRESCENT, South X, London South

$649,900
Detached126 GARDENVALE CRESCENT, South N, London South

$692,000
Detached538 REGENT STREET, Mount Brydges, Strathroy-Caradoc

$695,000
Detached78 LOGGERS GROVE, East P, London East