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23 Barnes Street
homes for sale · St. Thomas
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$499,999

23 Barnes Street

St. Thomas · MLS® X13109596

333

House · Multi-family · 166 days on market

listed by METIN SELIM, BLUE FOREST REALTY INC.

realtor's description

An exceptional opportunity to own a well-maintained and extensively updated triplex offering strong income potential and long-term investment stability. This property features three self-contained 1-bedroom units, private outdoor spaces, and numerous capital improvements throughout. Unit 1 - (Main Floor) Front Bright and inviting 1-bedroom unit featuring a covered front porch. Long-term month-to-month tenant currently paying $698/month + hydro. Unit 2 - (Upper Unit) 1-bedroom unit with a private balcony. Currently leased at $1,035.32/month + hydro. Unit 3 - (Main Floor Back) Fully renovated in 2023 with a modern open-concept layout, this stylish 1-bedroom unit includes a covered porch and large private rear deck. Currently leased at $1500. Additional income is generated through a coin-operated washer and dryer installed in 2021, averaging approximately $800-$1,000 annually. Recent Updates Include: Shingles (2019), Main porch railing (2020), Front door with keyless entry (2020), Most windows replaced, Main floor front unit renovation (2020), including flooring, paint, trim, and bathroom updates, Upper unit flooring updates (2021), New furnace with dual heat control (November 2021), Owned water heaters. This property also offers two driveways with parking for three vehicles. Covered porches and private outdoor areas enhancing tenant appeal and overall value. A turnkey addition to any investment portfolio with reliable rental income, quality tenants, and significant recent improvements.

property details

type
House, Multi-family
bedrooms
3
bathrooms
3
parking
3
property tax
$2,394 / yr
days on market
166
MLS®
X13109596

features

  • Washer
  • Refrigerator
  • Stove
  • Dryer
  • Water Heater

monthly cost

$2,378/mo
Mortgage $2,178 · Tax $200

20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing.

estimated payment
$2,178/ monthly
loan $399,999
25-year amortization
total interest
$253,535
cash to close
$100,000
down payment; transfer tax and fees not included
total paid
$653,534

Estimates only. Rates change daily and lenders qualify at the stress-test rate. Talk to a mortgage broker before you offer.

location

St. ThomasGoogle Maps ↗

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listed by
METIN SELIM
BLUE FOREST REALTY INC.
call METIN · 519-852-5873
Powered by: REALTOR.ca

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location

St. ThomasGoogle Maps ↗
0

Walkability 0/100 · Car needed for most errands

Nothing everyday within a 10 minute walk.

mihom score from OpenStreetMap places, by straight line distance.

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