Property Information:

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 vacant, providing an excellent opportunity to set market rent or occupy yourself. 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. (id:27)

Building Features:

Style: Multiplex
Building Type: Triplex
Basement Type: N/A
Exterior Finish: Vinyl siding
Floor Space: 1500 - 2000 sqft Square Feet
Foundation Type: Block
Heating Type: Forced air
Heating Fuel: Natural gas
Cooling Type: Central air conditioning, Wall unit
Appliances: Dryer, Stove, Washer, Refrigerator

Property Features:

Property Type: Multi-family
Bedrooms: 3
Bathrooms: 3
Floor Space (approx): 1500 - 2000 Square Feet
Irregular: Yes
Lot Depth: 83.5 Feet
Lot Frontage: 58.5 Feet
Lot Size: 58.5 x 83.5 FT
Zoning: R4
Sewer: Sanitary sewer
Parking Type: No Garage
No. of Parking Spaces: 3

Courtesy of: BLUE FOREST REALTY INC.

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Demographic Information of 23 BARNES STREET, St. Thomas, Ontario, N5R 2V4

Life Stage

Midlife Families

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$71,755.91

Average Number of Children

1.56

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

24.56 %

High school certificate or equivalent

40.44 %

Apprenticeship trade certificate/diploma

5.57 %

College/non-university certificate

25.1 %

University certificate (below bachelor)

0.7 %

University Degree

3.63 %

Commuter

Travel To Work

By Car

84.58 %

By Public Transit

0.0 %

By Walking

11.19 %

By Bicycle

0.0 %

By Other Methods

4.23 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

27.66 %

Houses

72.34 %

23 BARNES STREET, St. Thomas, Ontario, N5R 2V4