55 EAST Street
St. Thomas, Ontario
5 bed • 2 bath • Multi-family
Vacant Possession Duplex in St. Thomas — Set Your Rents from Day One A rare opportunity to take control of your investment from the start. This 2.5-storey duplex will be delivered vacant on closing, allowing you to secure market rents immediately. Located in an established area of St. Thomas close to amenities and transit, supporting consistent tenant demand. The home features two self-contained units with private entrances. The main floor offers a bright living space with large windows, laminate flooring, decorative fireplace, two bedrooms, a 3-piece bath, and an updated eat-in kitchen with newer cabinetry and stainless steel appliances. A rear mudroom adds functional entry and storage. Main floor tenant is moving out June 1st. The upper unit includes two bedrooms, a full 4-piece bath, kitchen, and access to a private deck. The finished third floor expands the upper unit with an additional bedroom and large living area. Upper unit is already vacant for you. Shared laundry is located in the lower level with potential for coin operation. Rear parking for two vehicles in the garage and one more in the driveway. Key updates include separate hydro meters plus a common meter, updated electrical (ESA Feb 2025), steel roof (2022) with transferable warranty, owned water heaters and water softener, and natural gas furnace. Two fridges and two stoves with transferable warranty. Two self-contained units with finished third-floor space expanding the upper unit offer strong rental potential. Financial summary available in supplements.
Price History
Schools
Secondary
- Arthur Voaden Secondary School0.8 km
Public · Thames Valley DSB · 355 students
Grade 10 literacy: 48% met the provincial standard
- Central Elgin Collegiate Institute2.4 km
Public · Thames Valley DSB · 690 students
Grade 10 literacy: 79% met the provincial standard
- Parkside Collegiate Institute2.9 km
Public · Thames Valley DSB · 1015 students
Grade 10 literacy: 82% met the provincial standard
Elementary
- June Rose Callwood Public School1.6 km
Public · Thames Valley DSB · 395 students
Grade 3 reading: 58% met the provincial standard · Grade 6 math: 18% met the provincial standard
- Monsignor Morrison Separate School1.9 km
Catholic · London District Catholic School Board · 525 students
Grade 3 reading: 78% met the provincial standard · Grade 6 math: 30% met the provincial standard
- Lockes Public School2 km
Public · Thames Valley DSB · 630 students
Grade 3 reading: 76% met the provincial standard · Grade 6 math: 37% met the provincial standard
Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.
Community
Postal area N5P
- Population
- 21,081
- Private dwellings
- 8,962
- Median age
- 42.8
- Average household size
- 2.4
- Median household income
- $77,500
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Multi-family in St. Thomas · last 12 months
- Median sold price
- $537,500
- Homes sold
- 639
- Median days on market
- 28
- Sale-to-list price
- 97.8%
Based on 639 recorded sales of multi-family properties in St. Thomas over the last 12 months.
Location
Mortgage Calculator
$119,980
Estimated Monthly Payment
$2,947
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $2,947/mo (20% down, 5.5%)
Taxes: $0/mo · Insurance: $150/mo
Estimates only. Consult a financial advisor.
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