40 Barnes Street, St. Thomas ON

About 40 Barnes Street

INVESTMENT OPPORTUNITY AWAITS - This turnkey Duplex with a legal basement apartment is located on a large 70 wide lot on a quiet street in the heart of St Thomas and close to all amenities. MAIN FLOOR UNIT - Accessed through either the front door or the side door, this unit features 2 Bedrooms, Livingroom, Kitchen with Refrigerator and Stove included, and 4 Piece Bath - Currently vacant but lease potential of $1,800 per month Plus 1/2 Hydro. UPPER UNIT - Accessed through the front door, this unit features 2 Bedrooms, Livingroom, Kitchen with Refrigerator and Stove included and a 3 piece Bath - Currently leased at $1,550 per month on a month - month basis plus hydro. BASEMENT UNIT - Access is through the rear door and features 1 Bedroom with a fire coded egress window, Livingroom, Kitchen with Refrigerator and Stove included, and a 3 Piece Bath - Currently vacant but lease potential of $1,200 per month + 1/2 hydro. UTILITIES - Landlord pays for Enbridge gas heat and common hydro usage, 3 electrical meters - one for upper, one for main and basement and 1 for common area and the 3 Hot water tanks are owned.. OUTSIDE - The double wide paved drive is large enough to handle 3-4 vehicles with access to the Garage for storage of lawn equipment. LAUNDRY - A condensing Washer and Dryer unit is located in each unit for use by the tenants. SAFETY - Smoke and CO Detectors on all 3 levels are linked to provide added safety. INCOME AND EXPENSES - Based on 2025 costs - Insurance $2,787.92, Enbridge Gas $1,079.36, Property Taxes $2,738.00, Entegrus hydro/water/sewer $1,152 offering a 6.5% CAP Rate. ADDITIONAL RESIDENTIAL UNITS - Explore adding Additional Residential Units in the rear / side yard or possibly severing the side yard to increase the investment potential of this property. NEXT STEPS - With the explosive growth happening in St Thomas, don t wait to schedule an appointment today to checkout your next invest opportunity (id:56071). Get more information on 40 Barnes Street

Property Features

Appliances:  Water Heater, Water meter, Dryer, Washer
Features:  Irregular lot size
Rental Equipment:  None
Directions:  Cross Streets: ROSS STREET. ** Directions: ROSS STREET TO BARNES STREET, EAST.
Zoning Description:  R4
Interior Size (Approximate):  1100 - 1500 sqft
Lot (Approximate):  70.8 x 101.3 FT 70.8 x 101.3 FT
Exterior Finish:  Vinyl siding
Water:  Municipal water, Sanitary sewer
Heating / Cooling:   Natural gas / None
Age (Approximate): 100+ years
Foundation: Concrete, Block
Basement:  Full

Rooms & Sizes

(Approximate)

Living room Second level 3.46 m x 4.45 m	Kitchen Second level 3.67 m x 2.18 m	Bedroom Second level 2.1 m x 3.5 m
Bedroom Second level 1.93 m x 2.31 m	Bathroom Second level 1.5 m x 2 m	Living room Basement 5.22 m x 2.82 m
Kitchen Basement 5.22 m x 2.82 m	Bedroom Basement 3.83 m x 2.83 m	Laundry room Basement 4.07 m x 2.58 m
Bathroom Basement 4.45 m x 2.43 m	Living room Main level 3.46 m x 4.45 m	Kitchen Main level 4.09 m x 3.27 m
Bedroom Main level 3.83 m x 3.8 m	Bedroom Main level 3.67 m x 2.18 m	Bathroom Main level 2.31 m x 1.93 m