40 Barnes Street, St. Thomas, ON N5R 2V5
St. Thomas · Near ROSS STREET · View map
About this home
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
The home
- Type
- Duplex
- Style
- 2-Storey
- Square footage
- 1100-1500 sq ft
- Bedrooms
- 4
- Basement bedrooms
- 1
- Bathrooms
- 3
- Kitchens
- 3
- Rooms
- 15
- Basement
- Full
- Lot size
- 70.8 x 101.3 ft
- Faces
- South
- Approximate age
- 100+ years
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
- Exterior
- Vinyl Siding
Heating & cooling
- Heating fuel
- Gas
- Heating type
- Forced Air
- Fireplace
- No
Garage & parking
- Garage
- Detached
- Garage spaces
- 1
- Driveway spaces
- 4
- Total parking
- 5
- Parking features
- Private
Taxes & other
- Property taxes
- $2,738/yr
- Tax year
- 2025
- Occupancy
- Tenant
- Possession
- FLEXIBLE
- Cross street
- ROSS STREET
- Neighbourhood
- St. Thomas
More
- Price per sq ft
- ~$461 (at 1,300 sq ft)
- MLS® number
- X13536296
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The home and its surroundings
- Water Heater Owned
- Park
- Mortgage
- Property tax
- Maintenance fee
Cash needed to close
Estimates only, using Canadian semi-annual compounding, Ontario land transfer tax. Mortgage default insurance is added when you put down less than 20%. Your lender and lawyer will confirm exact numbers.
Schools nearby
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Your commute
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Listing history for 40 Barnes Street
See what this home and others at the same address were listed for, what they sold for, and how long it took.
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Frequently asked questions about 40 Barnes Street
Answers come straight from this home’s MLS® listing.
How much is 40 Barnes Street listed for, and what would it cost each month?
40 Barnes Street is listed for $599,900. With 20% down ($119,980), the mortgage payment would be roughly $2,420 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $2,648 a month, all in. That figure is an illustration, not a quote.
Is 40 Barnes Street freehold or a condo, and is there a monthly fee?
40 Barnes Street is a duplex in St. Thomas. Ownership is freehold: you own the home and the lot. There is no monthly condo fee, so the roof, windows, driveway, snow and lawn are yours to look after.
How many bedrooms and bathrooms does 40 Barnes Street have?
40 Barnes Street has 4 bedrooms, plus 1 more bedroom in the basement, and 3 bathrooms. The listing gives the style as 2-storey.
Does 40 Barnes Street have a garage and parking?
Yes. The listing shows the garage as detached, with room for 1 car. The driveway adds 4 spaces. In total the listing counts 5 parking spaces.
Does 40 Barnes Street have a finished basement?
The listing describes the basement as full. It counts 1 bedroom on that level.
What style of home is 40 Barnes Street?
40 Barnes Street is a duplex. A multiplex holds two or more separate units under one roof, often bought to live in one unit and rent the others.
How big is 40 Barnes Street, and what is the lot size?
The listing puts the home between 1,100 and 1,500 sq ft. The board reports a range rather than an exact figure, and it usually leaves out the basement. The lot is listed as 70.8 x 101.3 ft.
How is 40 Barnes Street heated and cooled?
Heating is forced air (gas). The listing does not show air conditioning.
What are the property taxes for 40 Barnes Street?
Property taxes are $2,738 a year (2025), or about $228 a month.
Where is 40 Barnes Street?
40 Barnes Street is in St. Thomas. The nearest main intersection is ROSS STREET. The postal code is N5R 2V5.
Is 40 Barnes Street still for sale?
Yes. It is an active listing (MLS® X13536296). Listings here update from the board through the day and come down once a home sells.
What are similar properties near 40 Barnes Street asking?
Similar properties for sale nearby right now include 23 Barnes Street at $499,999 (3 bed), 57 ROSEBERY Place at $649,900 (4 bed) and 31 Myrtle Street at $549,900 (4 bed). These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 40 Barnes Street sold for?
Recent sales, leases and expired listings for this home and others at the same address are in the Sold history tab, with the price and date of each. It is free for members.
How do I book a showing at 40 Barnes Street?
Pick a day and time with Book a Tour on this page. Tours are free, with no obligation, in person or by video. You can also call or text 647-931-3923.
Have a different question? Ask about this home and get an answer, usually within the hour.
Similar properties nearby
More properties for sale near St. Thomas, picked by style, size and price.
Triplex$499,99923 Barnes Street, St. Thomas3 bed · 3 bath · St. ThomasCourtesy of: BLUE FOREST REALTY INC.View home →
Duplex$649,90057 ROSEBERY Place, St. Thomas4 bed · 3 bath · St. ThomasCourtesy of: RIGHT AT HOME REALTYView home →
Duplex$549,90031 Myrtle Street, St. Thomas4 bed · 3 bath · St. ThomasCourtesy of: REAL BROKER ONTARIO LTDView home →Courtesy of: COLDWELL BANKER STAR REAL ESTATE
Listing information comes from the Toronto Regional Real Estate Board through PropTx and is deemed reliable but is not guaranteed accurate. It is provided for consumers' personal, non-commercial use. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
*Estimated monthly cost assumes 20% down, a 4.5% rate and a 30-year amortization, plus property tax. For illustration only.