40 Barnes Street
St. Thomas, ON
- 5 bed
- 3 bath
- approx. 1100-1500 sqft
- Duplex
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 rented at $1,050 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 7.5% 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
Virtual Tour
Virtual Tour Available
Listing Details
- Taxes (2025)
- $2,738
- Listed
- July 8, 2026
Price History
Property
- Style
- 2-Storey
- Age
- 100+
- Construction
- Vinyl Siding
- Roof
- Fibreglass Shingle
- Foundation
- Concrete, Concrete Block
- Interior
- Water Heater Owned
- Lot Size
- 70.79 x 101.27 Feet
Parking
- Garage
- Detached
- Covered Spaces
- 1
- Total Parking
- 5
Utilities
- Sewer
- Sewer
- Heat Source
- Gas
Location & Legal
- Cross Street
- ROSS STREET
- Zoning
- R4
- Parcel Number
- 352130028
- Possession
- Immediate
- Occupancy
- Tenant
Included
- Inclusions
- 2 GE Condensing Washer/Dryer Units, Midea Condensing Washer/Dryer Unit, 3 Hot Water Tanks
- Exclusions
- Tenant Possessions
- Rental Items
- None
Schools
Secondary
- Arthur Voaden Secondary School0.6 km
Public · Thames Valley DSB · 355 students
Grade 10 literacy: 48% met the provincial standard
- Central Elgin Collegiate Institute1.2 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 School0.9 km
Public · Thames Valley DSB · 445 students
Grade 3 reading: 62% met the provincial standard · Grade 6 math: 66% met the provincial standard
- Forest Park Public School1.3 km
Public · Thames Valley DSB · 460 students
Grade 3 reading: 29% met the provincial standard · Grade 6 math: 39% 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
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
- $536,000
- Homes sold
- 613
- Median days on market
- 27
- Sale-to-list price
- 97.7%
Based on 613 recorded sales of residential freehold properties in St. Thomas over the last 12 months.
Rooms
4-piece on Main, 3-piece on Second, 4-piece on Basement
Second
- Bathroom4'11" x 6'7"
- Bedroom6'4" x 7'7"
- Bedroom6'11" x 11'6"
- Kitchen12' x 7'2"
- Living Room11'4" x 14'7"
Main
- Bathroom7'7" x 6'4"
- Bedroom12'7" x 12'6"
- Bedroom12' x 7'2"
- Kitchen13'5" x 10'9"
- Living Room11'4" x 14'7"
Basement
- Bathroom14'7" x 8'
- Bedroom12'7" x 9'3"
- Kitchen17'2" x 9'3"
- Laundry13'4" x 8'6"
- Living Room17'2" x 9'3"
Listed by
COLDWELL BANKER STAR REAL ESTATE
Walk Score
Walk Score is unavailable for this address right now.
Location
Street View
Mortgage Calculator
$119,980
Estimated Monthly Payment
$2,947
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: $2,947/mo (20% down, 5.5%)
Taxes: $228/mo · Insurance: $150/mo
Estimates only. Consult a financial advisor.
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