23 Barnes Street
St. Thomas, ON
- 3 bed
- 3 bath
- approx. 1500-2000 sqft
- Triplex
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.
Listing Details
- Taxes (2025)
- $2,394
- Listed
- May 11, 2026
Price History
Listing history
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Property
- Style
- 2-Storey
- Construction
- Vinyl Siding
- Roof
- Shingles
- Foundation
- Concrete Block
- Interior
- Water Heater Owned
- Lot Size
- 58.5 x 83.5 Feet
Parking
- Garage
- None
- Covered Spaces
- 0
- Total Parking
- 3
Utilities
- Sewer
- Sewer
- Heat Source
- Gas
Location & Legal
- Cross Street
- WELLINGTON AND PRINCESS
- Zoning
- R4
- Parcel Number
- 352130087
- Possession
- Flexible
- Occupancy
- Tenant
Included
- Inclusions
- 3 Fridges, 3 Stoves, Washer, Dryer
- Exclusions
- TENANT BELONGINGS
Schools
Secondary
- Arthur Voaden Secondary School0.5 km
Public · Thames Valley DSB · 355 students
Grade 10 literacy: 48% met the provincial standard
- Central Elgin Collegiate Institute1.3 km
Public · Thames Valley DSB · 690 students
Grade 10 literacy: 79% met the provincial standard
- Parkside Collegiate Institute2.3 km
Public · Thames Valley DSB · 1015 students
Grade 10 literacy: 82% met the provincial standard
Elementary
- Pierre Elliott Trudeau French Immersion Public School1 km
Public · Thames Valley DSB · 445 students
Grade 3 reading: 62% met the provincial standard · Grade 6 math: 66% met the provincial standard
- June Rose Callwood Public School1.3 km
Public · Thames Valley DSB · 395 students
Grade 3 reading: 58% met the provincial standard · Grade 6 math: 18% met the provincial standard
- Forest Park Public School1.4 km
Public · Thames Valley DSB · 460 students
Grade 3 reading: 29% met the provincial standard · Grade 6 math: 39% 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 N5R
- Population
- 30,680
- Private dwellings
- 12,933
- Median age
- 44.8
- Average household size
- 2.4
- Median household income
- $80,000
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
Residential Freehold in St. Thomas · last 12 months
- Median sold price
- $535,000
- Homes sold
- 612
- Median days on market
- 28
- Sale-to-list price
- 97.7%
Based on 612 recorded sales of residential freehold properties in St. Thomas over the last 12 months.
Listed by
BLUE FOREST REALTY INC.
Walk Score
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Location
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Mortgage Calculator
$100,000
Estimated Monthly Payment
$2,456
Land transfer tax
Ontario land transfer tax only. An estimate — not legal or financial advice. Municipal land transfer tax applies in Toronto and is not included.
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $2,456/mo (20% down, 5.5%)
Taxes: $200/mo · Insurance: $125/mo
Estimates only. Consult a financial advisor.
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