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23 Barnes Street, St. Thomas, ON N5R 2V4

3 beds · 3 baths · 3 kitchens · 8 rooms · 3 parking spaces · 1500-2000 sq ft · Triplex
$499,999
Property tax
$2,394 / year

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.

MLS number
X13109596
Type
Triplex
Status
Active
Bedrooms
3
Bathrooms
3
Postal code
N5R 2V4
Photos
28
124days · this listing
Total days on market across every earlier listing of this propertyRegistration and sign-in required

This listing’s own days on market are shown above. How long the property has been for sale across every earlier listing is drawn from records the board releases only to registered users — a free account opens it, along with the sale history below.

Listing history

This address has been listed 2 times.

Sale history is for registered usersSee what this address sold for and when, across all 2 listings. Free account — the board’s rules require one before sold data can be shown.Create a free account

Where this property is

Where this address sits, matched against open government data.

Estimated from the house-number range along this road: the right block of the right street, not the exact building. No address file publishes this house.

Schools

The school boundaries this address is inside, and the schools nearest it. Boards redraw boundaries and cap programs — confirm with the board before this affects a decision.

Other schools nearby

By distance from this address, not school boundary — a school 400 m away can be in another school’s attendance area.

SchoolLevelDistanceRating
Arthur Voaden Secondary School
Thames Valley DSB
Secondary537 m3.8 / 10
38% met the standard · 2 of 6 measures
Pierre Elliott Trudeau French Immersion Public School
Thames Valley DSB
Elementary968 m7.2 / 10
72% met the standard
June Rose Callwood Public School
Thames Valley DSB
Elementary1.3 km5.1 / 10
51% met the standard
Central Elgin Collegiate Institute
Thames Valley DSB
Secondary1.2 km6.5 / 10
65% met the standard · 2 of 6 measures
Forest Park Public School
Thames Valley DSB
Elementary1.3 km4.1 / 10
41% met the standard
Elgin Court Public School
Thames Valley DSB
Elementary1.8 km4.6 / 10
46% met the standard
How the rating is calculated

EQAO — Ontario’s testing agency — publishes, for each school, the percentage of students meeting the provincial standard in Grade 3 and Grade 6 reading, writing and mathematics. The rating is the average of those percentages divided by ten. A school where 72% of students met the standard rates 7.2 out of 10.

Nothing is weighted or adjusted, and schools are not ranked against each other. Where EQAO withholds a result to protect the privacy of a small group of students, that measure is left out rather than counted as zero — so a rating built on fewer than six measures says so.

What it does not measure. It is one year of standardised testing in three subjects. It says nothing about teaching, programs, or whether a school suits a particular child, and it tracks neighbourhood household income closely enough that it partly measures the neighbourhood rather than the school. Treat it as one figure among many.

Source: Ontario Ministry of Education, School Information and Student Demographics (2024–25), Open Government Licence – Ontario.

H-Value

our estimate of this home is for registered usersWhat comparable homes nearby actually sold for, worked into an estimate for this one — with the range it sits in and how far the method has been off in testing.Create a free accountAlready have one? Sign in.

This neighbourhood

Statistics Canada 2021 Census, for the surrounding few blocks — about 529 people.

$48,400Median household income
52.6%Own their home
55.8%Detached houses
44.8Median age
7.6%Born outside Canada
4.8%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35340037 — the few blocks around this address, home to 529 people. It describes the area, not this property.

529Population
45.5Average age
2.1Household size
$53,600Average household income
$48,400Median household income
53%Own their home
47%Rent
0%Condominiums
8%Born outside Canada
5%University degree
$268,000Average home value
22%Low income
94%Not in the labour force
31%Never married
$10,000 to $14,9992%
$15,000 to $19,9996%
$20,000 to $24,9994%
$25,000 to $29,9996%
$30,000 to $34,99910%
$35,000 to $39,9996%
$40,000 to $44,9994%
$45,000 to $49,9996%
$50,000 to $59,9998%
$60,000 to $69,9998%
$70,000 to $79,9994%
$80,000 to $89,9996%
$90,000 to $99,9992%
$100,000 and over13%
$100,000 to $124,9996%
$125,000 to $149,9994%
$150,000 to $199,9992%

Percentages are of the 240 responses in this category. Statistics Canada rounds counts and withholds small ones to keep individuals unidentifiable, so categories with too few people to publish are absent rather than shown as zero.

Source: Statistics Canada, 2021 Census of Population. Contains information licensed under the Open Government Licence – Canada.

Work out the numbers

Everything below is calculated in your browser from figures you can change. Nothing is sent anywhere.

$100,000 · minimum here is $25,000
$2,213.89per month
Borrowed before insurance$399,999
Total borrowed$399,999
Interest over 25 years at 4.5%$264,167

If you rented it out

-$2,413.39per month out of pocket
Rent$0.00
Everything it costs to hold$2,413.39
How this is calculated, and what it leaves out

Canadian fixed-rate mortgages compound semi-annually, not monthly, so the monthly rate here is (1 + rate/2)1/6 − 1. Most calculators use rate ÷ 12, which is the American convention and overstates the payment by tens of dollars a month.

Below 20% down, default insurance is mandatory and is added to the loan rather than paid at closing: 2.80% at 85% loan-to-value, 3.10% at 90%, 4.00% at 95%. It is unavailable at or above $1.5M, which is why 20% is a hard floor there.

Not included: vacancy, property management, capital repairs, income tax, and the fact that a lender qualifies you at a stress-test rate rather than the one you are quoted. This is arithmetic on the numbers above, not a mortgage approval or an opinion of what you can afford.

Listed by BLUE FOREST REALTY INC.. Listing data provided by the Toronto Regional Real Estate Board.