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40 Barnes Street in St. Thomas for sale

Asking price
$599,900
Estimate (Jul 08)
$578,982
MLS #:
X13536296
Type:
Duplex, 2-Storey
Approx. SQFT:
1100-1500
Basement:
Full
4+1 4+1
1 70.79 x 101.27 ft lot
PROPERTY HISTORY
SIGN IN REQUIRED
List Date List Price Last Status Sold Date Sold Price Days On Market
0000-00-00 $00000 Sld N/A N/A
0000-00-00 $00000 Sld N/A N/A
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 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 rented at $1,050 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 7.5% 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

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  • Date Listed: Wednesday, July 08, 2026
  • Listing Brokerage: Coldwell Banker Star Real Estate - Disclaimer: The information contained in this listing has not been verified by Coldwell Banker Star Real Estate and should be verified by the buyer.
  • Virtual Tour: View Virtual Tour for 40 Barnes Street
  • City: St. Thomas

    More 4 bedrooms homes for sale in St. Thomas

  • Neighbourhood: St. Thomas
  • Major Intersection: ROSS STREET
  • Full Address: 40 Barnes Street, St. Thomas, N5R 2V5, Canada, ON, Canada
  • Living Room:
  • Kitchen:
  • Living Room:
  • Kitchen:
  • Living Room:
  • Kitchen:
  • Amenities:
  • Taxes: $2,738.00 (2025)
Living11 x 15 ft165 sq ft
Kitchen13 x 11 ft143 sq ft
Br13 x 12 ft156 sq ft
Br12 x 7 ft84 sq ft
Bathroom8 x 6 ft48 sq ft
Living17 x 9 ft153 sq ft
Kitchen17 x 9 ft153 sq ft
Br13 x 9 ft117 sq ft
Laundry13 x 8 ft104 sq ft
Bathroom15 x 8 ft120 sq ft
Living11 x 15 ft165 sq ft
Kitchen12 x 7 ft84 sq ft
Br7 x 11 ft77 sq ft
Br6 x 8 ft48 sq ft
Bathroom5 x 7 ft35 sq ft

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