$609,900
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56 Leger Avenue, St. Thomas, ON N5R5P7

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5 Beds
2 Baths
- Sq Ft

A prime opportunity to own a turnkey, cash-flowing duplex on the south edge of St. Thomas - fully renovated, professionally positioned, and generating immediate income from day one. Configured as a 3-bedroom upper unit and a 2-bedroom lower unit, both units have been completely updated in 2024, delivering a true "plug-and-play" investment. Interior improvements include brand new kitchens with quartz countertops, updated cabinetry, subway tile backsplashes, refreshed bathrooms, new flooring throughout, and in-suite laundry in both units - a level of finish that not only attracts quality tenants, but helps support long-term rent stability. From a numbers standpoint, the property is currently producing $3, 790/month in gross rental income, with a clear path to $3, 990/month based on achievable market rents. After accounting for approximately $1, 044/month in operating expenses, this results in a net operating income of ~$2, 745/month ($32, 951 annually) on current rents, and ~$2, 945/month ($35, 351 annually) at market rents. At the current list price, this translates to a 5.9% cap rate based on actual income, with the ability to push into the 6.3% range as rents are optimized - offering both immediate return and built-in upside. Operationally, the property is well thought out. Each unit benefits from its own dedicated heating and cooling system, helping reduce tenant overlap and simplifying expense management - with the upper unit serviced by a forced air furnace and central A/C, and the lower unit equipped with heat pumps (with integrated AC) and baseboard as backup. Combined with separate hydro meters and parking for up to 5 vehicles, this is a low-friction asset from a management standpoint. Location plays a key role here as well. Positioned on the south edge of St. Thomas, tenants have access to a wide range of schools, parks, walking trails, and everyday amenities - a consistently desirable area that supports tenant demand and long-term occupancy. (id:58753)

Listing By: JUSTIN KONIKOW - PRIME REAL ESTATE BROKERAGE cncrea2 Realty.com
  • MLS® X13076554
  • Date Listed05/05/2026
  • Days on Realty 32 Days
  • Bedrooms 5
  • Bathrooms 2 baths
  • Lot Size -
  • Sewer Other
  • Property Type Duplex
  • Water Public

Interior Features

  • Appliances Washer, Refrigerator, Stove, Dryer
  • Cooling Central air conditioning, Wall unit
  • Heating Heat Pump, Baseboard heaters, Forced air, Electric, Natural gas

Exterior / Lot Features

  • Roof -
  • Lot Size Acres -
  • Lot Size SQFT -
  • Lot Features -

Directions

Fairview / Leger

Sales & Tax History

Source: Public Records

Local Neighborhood Highlights for N5R5P7

Discover key demographics, population statistics, and environmental insights for the St. Thomas, ON area.

Walkability in ON / N5R5P7

Source: Walk Score

30/100

Car-Dependent

Walk Score ®

0/100

Minimal Transit

Transit Score ®

46/100

Bikable

Bike Score ®

Overview

Most errands require a car. It is possible to get on a bus. Minimal bike infrastructure.

Walkability averages in the surrounding area

The average walkability score in the surrounding area is Walk Score: 20/100, Transit Score: 0/100, Bike Score: 34/100.

Points of Interest near 56 LEGER AVENUE, St. Thomas, ON N5R5P7

Frequently Asked Questions for 56 LEGER AVENUE

Source: Realty.com

56 LEGER AVENUE, St. Thomas, ON N5R5P7 in St. Thomas, ON N5R5P7 is a duplex listed at $609,900. Highlights include 5 bedrooms, 2 bathrooms. Realty.ca has 27 photos, sales history, school insights, and mortgage tools for this listing.

Realty.com has 27 photos of 56 LEGER AVENUE.

The full address for this home is 56 LEGER AVENUE, St. Thomas, ON N5R5P7.

56 LEGER AVENUE has been listed on Realty.com since Tue May 05, 2026

Most errands require a car. It is possible to get on a bus. Minimal bike infrastructure.

The average walkability score in the surrounding area is Walk Score: 20/100, Transit Score: 0/100, Bike Score: 34/100.

Listing provided courtesy of: PRIME REAL ESTATE BROKERAGE
Listing agent: JUSTIN KONIKOW

This content last refreshed on 2026-06-06 13:47:20. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.