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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 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:58753)
Cross Streets: ROSS STREET. ** Directions: ROSS STREET TO BARNES STREET, EAST.
Source: Public Records
Discover key demographics, population statistics, and environmental insights for the St. Thomas, ON area.
89/100
Very Walkable
Walk Score ®
0/100
Minimal Transit
Transit Score ®
85/100
Very Bikeable
Bike Score ®
Most errands can be accomplished on foot. It is possible to get on a bus. Biking is convenient for most trips.
The average walkability score in the surrounding area is Walk Score: 20/100, Transit Score: 0/100, Bike Score: 34/100.
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Source: Realty.com
40 BARNES STREET, St. Thomas, ON N5R2V5 in St. Thomas, ON N5R2V5 is a duplex listed at $599,900. Highlights include 5 bedrooms, 3 bathrooms. Realty.ca has 32 photos, sales history, school insights, and mortgage tools for this listing.
Realty.com has 32 photos of 40 BARNES STREET.
The full address for this home is 40 BARNES STREET, St. Thomas, ON N5R2V5.
40 BARNES STREET has been listed on Realty.com since Wed July 08, 2026
Most errands can be accomplished on foot. It is possible to get on a bus. Biking is convenient for most trips.
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:
COLDWELL BANKER STAR REAL ESTATE
Listing agent:
EARL TAYLOR
This content last refreshed on 2026-07-14 17:22:28. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.