23 Barnes Street, St. Thomas ON

About 23 Barnes Street

An outstanding opportunity to own a well-maintained and thoughtfully updated triplex offering excellent income potential and long-term stability. This fully tenanted property features three self-contained 1-bedroom units, private outdoor spaces, and numerous capital improvements throughout.Unit 1 - Main Floor Front Bright 1-bedroom unit with covered front porch. Long-term month-to-month tenant currently paying $698/month + hydro.Unit 2 - Upper Unit Spacious 1-bedroom unit with private balcony. Currently leased at $1,035.32/month + hydro.Unit 3 - Main Floor Back Fully renovated to open-concept design in 2023, this stylish 1-bedroom unit offers a covered porch and large private rear deck. Leased at $1,600/month. Additional income generated by coin-operated washer and dryer (installed 2021), averaging approximately $800-$1,000 annually.Extensive updates provide peace of mind, including:Shingles (2019)Main porch railing (2020)Front door with keyless entry (2020)Most windows replaced Main floor front unit renovation (2020) with new flooring, paint, trim, and bathroom updates Upper unit flooring updates (2021)New furnace with dual heat control (November 2021)Owned water heaters The property offers two driveways with a total of three parking spaces. Covered porches and private outdoor areas enhance tenant appeal.A solid addition to any investment portfolio, offering reliable rental income, strong tenancy, and significant recent improvements. (id:56071). Get more information on 23 Barnes Street

Property Features

Appliances:  Water Heater, Dryer, Stove, Washer, Refrigerator
Rental Equipment:  
Directions:  Cross Streets: WELLINGTON AND PRINCESS. ** Directions: WELLINGTON STREET, NORTH ONTO ROSS STREET, RIGHT ONTO BARNES STREET HOUSE LOCATED ON THE LEFT.
Zoning Description:  R4
Interior Size:  1500 - 2000 sqft
Lot:  58.5 x 83.5 FT 58.5 x 83.5 FT
Exterior Finish:  Vinyl siding
Water:  Municipal water, Sanitary sewer
Heating / Cooling:   Natural gas / Central air conditioning, Wall unit
Age: 
Foundation: Block
Basement:  N/A

Rooms & Sizes