St. Thomas Real Estate Search

St. Thomas Properties between $600,000 and $700,000 for Sale

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Newest St. Thomas Properties between $600,000 and $700,000 for Sale

$675,000
3 Beds 3 Baths X13593204 MLS® #
Welcome to 226 Peach Tree Blvd, an exceptional residential property located in one of St. Thomas, Ontario's most desirable and family-friendly neighborhoods. Perfectly positioned with attractive curb appeal, this home offers a seamless blend of modern design, comfort, and everyday functionality.As you step inside, you are greeted by a functional foyer then onto a bright and inviting open-concept layout featuring generous living space, stylish finishes, and abundant natural light throughout. The main level is designed for effortless entertaining and comfortable daily living, complete with a spacious living room and a well-appointed kitchen boasting ample cabinetry plus a walk-in pantry. Adjoining dining space provides a welcoming atmosphere for hosting family meals or intimate gatherings. The main floor also offers well-proportioned bedrooms offering peaceful retreats for the entire family, including a spacious primary suite designed with comfort in mind, complete with generous closet space and easy access to full bathroom facilities. The outdoor space enhances the living experience with a private backyard ideal for relaxing weekends, summer barbecues, or outdoor recreation. Conveniently located near top-rated schools, scenic parks, shopping amenities, and easy commuter routes, 226 Peach Tree Blvd combines suburban tranquility with total modern convenience. Whether you are a growing family or seeking a welcoming community to call home, this move-in ready property presents an incredible opportunity in St. Thomas. (id:5764)

226 Peach Tree Boulevard, St. Thomas

Listing courtesy of ROYAL LEPAGE TRILAND REALTY.

$674,900
3 Beds 2 Baths X13592218 MLS® #
Take advantage of this amazing price with the HST rebate*! This brand-new 3-bedroom, 2-bathroom bungalow built by MP Custom Homes is located in the desirable Shaw Valley neighbourhood, offering a park and playground, daycare centre, walking trails, and convenient access to London and Port Stanley. A covered front porch welcomes you into a bright foyer with closet, leading to an open-concept layout featuring 9-ft ceilings and durable laminate and tile flooring. Designed for everyday convenience, the home offers a dedicated laundry room plus a separate mudroom with closet and inside access from the attached garage. The stylish kitchen is equipped with quartz countertops, a large island with sink and seating space, walk-in pantry with shelving, and an included rangehood and dishwasher. The adjoining dining area features patio doors leading to the backyard, ready for your personal design. The spacious living room offers a tray ceiling and is filled with natural light from its large window. The primary suite includes a walk-in closet and private ensuite with double-sink quartz vanity, tile flooring, and a tub/shower combination. Two additional bedrooms, each with closets, and a bathroom with quartz top vanity and tub/shower surround complete the main level. The unfinished lower level provides outstanding future potential with space for two additional bedrooms, a bathroom, and a large rec room. Additional highlights include asphalt driveway allowance and a 7-Year Tarion Warranty for added peace of mind.* Price reflects the list price of the property, net of the Ontario Enhanced New Housing Rebate. Rebate is subject to government approval and buyer eligibility. Seller makes no representations or warranties regarding rebate qualification." (id:5764)

155 Shaw Valley Drive, St. Thomas

Listing courtesy of ROYAL LEPAGE TRILAND REALTY.

$629,000
3 Beds 3 Baths X13582428 MLS® #
Experience exceptional craftsmanship & energy-efficient living in this stunning custom-built bungalow by John Roberts Signature Homes and in Mitchell Hepburn School district. A former model home with Tarion Home Warranty, this impressive residence was built to Net Zero standards, offering superior construction, outstanding comfort, & long-term energy savings. Designed with quality in mind, the home features durable James Hardie Board siding, triple-pane windows, and 30% more insulation than building code, including insulation beneath the basement floor to help keep your feet warm during the winter months. The property is fully graded and sodded, making it completely move-in ready. Step inside to a spacious foyer that leads to an open-concept main floor featuring a bright living room, dining area, and a beautifully appointed kitchen with quartz countertops, maple cabinetry, and a pantry. One of the home's most unique features is the hidden door leading to the primary bedroom, creating a private retreat complete with a feature wall, double closets, luxurious 4-piece ensuite with double sinks, and a spa-like atmosphere. A second main-floor bedroom and an additional 3-piece bathroom provide flexibility for guests or a home office. The fully finished lower level offers exceptional living space with large egress windows, a spacious family room, a recreation room, a third bedroom, and another 3-piece bathroom. The layout also provides an excellent opportunity to easily create a fourth bedroom, making it ideal for growing families or multi-generational living. Additional highlights include: Owned on-demand hot water heater, This exceptional home offers the perfect combination of innovative construction, premium finishes, and thoughtfully designed living spaces-an outstanding opportunity for buyers seeking efficiency, quality, and modern style. Some of the images have been virtually staged to help Buyer envision furniture placement. Sod and grading to be completed. (id:5764)

173 Renaissance Drive, St. Thomas

Listing courtesy of RIGHT AT HOME REALTY.

$614,900
3 Beds 2 Baths X13576772 MLS® #
Welcome to this beautifully maintained two-storey home in a highly desirable south-side neighbourhood, just a short walk to St. Joseph's High School, Fanshawe College, Doug Tarry ball diamond. Offering 3 bedrooms and 1.5 bathrooms, this move-in-ready home combines comfort, style, and functionality for today's family. The bright and inviting main floor features an updated kitchen, an open living and dining area with a cozy electric fireplace that's the focal piece of the room, updated powder room. Upstairs, you'll find three generous bedrooms, including a spacious primary bedroom with a large closet, along with an updated full bathroom. The finished lower level offers a versatile rec room, a cold cellar, storage under the stairs, and plenty of additional storage space. The furnace was replaced approximately five years ago, providing added peace of mind. Step outside and enjoy the beautifully landscaped, mature pie-shaped lot. The fully fenced private yard is an entertainer's dream, complete with a gorgeous patio, a putting green, hot tub, fire pit, storage shed, and plenty of room for kids, pets, or hosting family and friends. A single-car garage completes this fantastic property. Ideally located close to schools, parks, shopping, and everyday amenities, this well-cared-for home offers the perfect blend of indoor comfort and outdoor living. Don't miss your opportunity to call this exceptional property home! (id:5764)

15 Schreyer Drive, St. Thomas

Listing courtesy of RE/MAX CENTRE CITY REALTY INC..

$619,900
4 Beds 2 Baths X13548870 MLS® #
Welcome to 273 Alma St.a charming 3+1 bedroom bungalow ideally situated on a 75 'x 178' lot in a mature St. Thomas neighbourhood. This move-in-ready home blends classic character with thoughtful updates throughout, beginning with a welcoming front porch. The heart of this home is a stunning, fully updated kitchen designed for both everyday living and entertaining. A massive granite island anchors the space, offering seating for four at the breakfast bar and topped with rich granite countertops that carry through the entire kitchen. Crisp white cabinetry lines the walls, finished with black hardware for a modern contrast, and extends up to the ceiling for maximum storage including a dedicated coffee/beverage station with floating wood shelves and subway tile backsplash, plus a built-in microwave nook. Stainless steel appliances complete the space, including a smart French-door refrigerator with a built-in touchscreen display. The kitchen flows seamlessly into a bright, open dining space and living room ideal for hosting with a walkout to the backyard deck just steps away, making indoor-outdoor entertaining effortless. The fully finished lower level adds valuable living space, complete with an additional bedroom, full bathroom, and a cozy family/rec room. Outside, enjoy a private backyard retreat with a large deck and a hot tub. A long driveway leads to an impressive heated detached 2-car garage/shop 23' x 25', offering ample space for vehicles, storage, hobbies, or a workshop. Major updates provide peace of mind for years to come, including a furnace A/C (2023), roof (2024), and all windows and exterior doors (2026). This is a fantastic opportunity for a family looking for space, updates, and outdoor living all in one package. (id:5764)

273 Alma Street, St. Thomas

Listing courtesy of RIGHT AT HOME REALTY.

$634,900
3 Beds 3 Baths X13531852 MLS® #
Welcome to 66 Peach Tree Boulevard, a beautifully maintained former model home offering 3 bedrooms, 2.5 bathrooms, a fully finished basement, and a double-car garage in one of St. Thomas' most desirable family-friendly neighbourhoods. From the moment you arrive, you'll appreciate the exceptional pride of ownership throughout this move-in ready home. The bright open-concept main floor features a spacious living room, dining area, functional kitchen with a large island, convenient powder room, and direct access to the backyard. Upstairs offers three generous bedrooms, including a spacious primary bedroom, and a beautifully maintained full bathroom. The fully finished basement adds valuable living space with a full bathroom, and a spacious recreation room that offers the potential to create an additional room for guest, home office or home gym. The private, fully fenced backyard is designed for relaxing and entertaining, featuring an expansive deck, covered gazebo, hot tub, and storage shed. The deep lot provides more outdoor space than many newer homes. The oversized double-car garage has been upgraded with durable epoxy flooring, premium modular garage floor tiles, and a convenient man door providing direct access to the backyard. Located just a short walk to the neighbourhood elementary school and park, and only minutes to shopping, restaurants, recreation facilities, walking trails, and Highway 401. Originally built as a model home and meticulously maintained ever since, this property offers the finished basement, premium outdoor living spaces, upgraded garage, and landscaping that many buyers spend years, and thousands of dollars, adding to a new build. Here, it's already done. Simply move in and enjoy. (id:5764)

66 Peach Tree Boulevard, St. Thomas

Listing courtesy of THRIVE REALTY GROUP INC..

$629,900
4 Beds 4 Baths X13530796 MLS® #
Impeccably finished and truly move-in ready, this beautifully updated home is ideally situated in sought-after North St. Thomas, offering quick access to the 401, London, and future EV plant. Thoughtfully designed and tastefully decorated throughout, the home delivers both style and functionality from the moment you step inside. A striking fireplace creates an elegant first impression and anchors the welcoming main living space.The spacious great room flows effortlessly into the well-appointed kitchen, featuring ample prep space, a pantry, and a generous dining area-perfect for everyday living and entertaining alike. Terrace door lead to the fully fenced and landscaped backyard, complete with a large deck with pergola, fire pit and a gas line to BBQ creating a private outdoor retreat.The upper level offers a versatile loft with a built-in desk nook, ideal for a home office/craft space or reading lounge and easily convertible to an additional bedroom if desired. The primary suite is generously sized and includes a walk-in closet and a private 3-piece ensuite. A second bedroom and a full 4-piece bath complete this level.The finished lower level extends the living space with two additional bedrooms, a comfortable rec room, and a 3-piece bath-perfect for guests, teens, or extended family. With modern updates, a functional layout, and a prime location, this exceptional home is sure to impress. Welcome home. (id:5764)

34 PINE VALLEY Drive, St. Thomas

Listing courtesy of ROYAL LEPAGE TRILAND REALTY.

$674,900
3 Beds 2 Baths X13520048 MLS® #
Beautifully maintained and thoughtfully updated, this 3 bedroom, 2 bathroom bungalow is tucked away on a quiet cul de sac in a sought after family friendly neighbourhood. With 2,150 sq feet of finished living space, this bright open concept main floor features vaulted ceilings, hardwood flooring, Hunter Douglas blinds, upgraded lighting, and quality finishes throughout. The spacious living room is anchored by a gas fireplace with porcelain façade, while the kitchen offers granite countertops, soft close cabinetry with upgraded uppers, island seating for six with stools included, and six newer appliances including a double oven. A dedicated dining area provides an inviting space for everyday living and entertaining. The private primary suite offers a walk in closet and convenient linen cupboard. The updated 3 piece bathroom features a walk in shower, quartz vanity, and heated floors. Main floor laundry includes newer appliances and offers potential for conversion to a 2 piece bathroom, with a second laundry area in the lower level. The fully finished basement features upgraded laminate flooring, a spacious family room, custom built wall unit, and a recessed Napoleon electric fireplace with 50in Sony TV included. A stylish 4 piece bathroom includes a quartz vanity and heated floors, while a separate flex room is ideal for a home office, hobby room, playroom, or potential fourth bedroom. Enjoy the fully fenced backyard with a tumble stone patio, gazebo, garden shed, gas BBQ hookup, underground drainage to the street, and two gated entrances. Additional highlights include newer windows in the kitchen and family room, front entrance door, patio door insert with built in blinds, retractable screen door, front porch railing, and privacy blind. Major updates include a tankless water heater (2025), furnace with humidity control (2023),LifeBreath ERV system (2022), monitored alarm system, and annually treated driveway. (id:5764)

2 Cherry Blossom Lane, St. Thomas

Listing courtesy of RE/MAX CENTRE CITY REALTY INC..

$634,900
3 Beds 3 Baths X13518538 MLS® #
Rare opportunity to own a beautifully maintained 2 storey home in one of St. Thomas' most desirable neighbourhoods. Nestled on a beautifully landscaped lot surrounded by mature trees, 29 Augusta Crescent offers a rare combination of privacy, thoughtful updates, and the kind of lifestyle that keeps families rooted for years. Offering 3 bedrooms, 2.5 bathrooms, a finished basement, and a 1.5-car garage, this home has been designed for both everyday living and memorable gatherings. The heart of the home is the stunning custom designed kitchen, where family meals, holiday celebrations, and countless conversations have naturally unfolded over the years. Updated flooring throughout , modern light fixtures & updated bathrooms make pride of ownership found throughout.The finished lower level provides valuable additional living space, perfect for a recreation room, home office, gym, or growing family. Every improvement has been completed with care and attention to detail, creating a home that feels warm, inviting, and move-in ready.Outside, the mature trees and private backyard create an exceptional outdoor setting. Summer evenings around the bonfire, family gatherings, and quiet moments surrounded by nature have become cherished traditions here. The lifestyle offered by this location is equally impressive. Walk to nearby Pinafore Park, Shaw Valley Park, local trails, schools, and restaurants, or enjoy a short drive to the sandy beaches and breathtaking sunsets of Port Stanley. The neighbourhood is known for its friendly atmosphere, family-oriented feel, and convenient access to everything St. Thomas has to offer. (id:5764)

29 Augusta Crescent, St. Thomas

Listing courtesy of EXP REALTY.

$659,000
3 Beds 3 Baths X13487262 MLS® #
New Listing - 26 Augusta Crescent, St. Thomas! Welcome to this beautiful Hay hoe-built 2-storey home located in the highly sought-after Shaw Valley neighbourhood of St. Thomas. Nestled on a quiet, family-friendly crescent, this well-maintained original-owner home offers the perfect blend of comfort, space, and location. Enjoy being close to parks, schools, and just 10 minutes from the amazing beaches of Port Stanley Beach - making every summer feel like a vacation at home! This inviting home features 3 bedrooms, 3 bathrooms, and a 2-car garage with a functional layout designed for everyday living. The main floor offers updated flooring, a cozy family room with a gas fireplace, & an open-concept kitchen with easy access to the fully fenced backyard - perfect for entertaining or enjoying family time. Upstairs, the spacious primary bedroom provides the ideal retreat to relax and unwind after a long day. The lower level is ready for the new owners to add their own personal touches and create additional living space to suit their needs. Step outside to your own backyard oasis featuring, fully fenced with a large deck, manicured landscaping, garden shed, and an in-ground sprinkler system to keep everything looking its best. Whether you're hosting summer BBQs, gardening, or simply relaxing outdoors, this backyard is ready to enjoy. Additional updates include a new roof (2018), offering added peace of mind for years to come. Located in one of St. Thomas' most desirable neighbourhoods, this home truly offers the perfect combination of small-town charm, convenience, and lifestyle. (id:5764)

26 Augusta Crescent, St. Thomas

Listing courtesy of ROYAL LEPAGE TRILAND REALTY.

$610,000
3 Beds 3 Baths 40840544 MLS® #
Welcome to 9872 Florence Street. A turnkey detached home tucked away on a quiet, family-friendly cul-de-sac in North St. Thomas. This warm and welcoming home offers 3 bedrooms, 3 bathrooms, a fully finished basement and spacious backyard. The main floor features a cozy living room with bamboo flooring a large window for natural light and gas fireplace - an inviting space to relax and unwind. The kitchen and dining area are bright and sunlit from sliding doors that lead out to a fully fenced backyard complete with deck and best of all - No rear neighbours! The functional kitchen provides ample cabinetry and counter space with honey-toned cabinetry and stainless steel appliances. For easy, everyday convenience you also have laundry as well as a 2-piece bathroom on the main floor. Heading upstairs you will find 3 good-sized bedrooms including a primary bedroom with 3-piece ensuite, and your third bathroom which is a 4-piece. The finished basement features an L-Shaped rec-room and was wired in for surround sound by a previous owner - making it a fantastic setup for family movie nights or entertainment area! As an added bonus to this already great home, the 1.5 car garage includes inside access as well as a man door to the yard. Ideally located just 30 minutes to London, close to great schools, parks, shopping and more, this home certainly checks all the boxes. Make this your home today! (id:5764)

9872 FLORENCE Street, St. Thomas

Listing courtesy of Rock Star Real Estate Inc..

$679,900
5 Beds 2 Baths X13446078 MLS® #
This extensively renovated ranch-style bungalow offers over 2,550 square feet of finished living space, seamlessly blending modern updates with the charm, space, and privacy. Featuring 5 bedrooms and 2 full bathrooms, this spacious home is perfectly suited for growing families, multi-generational living, or anyone seeking room to spread out. The main level offers three generously sized bedrooms, a bright and inviting living room, anchored by a modern electric fireplace, a dining area, and an updated kitchen complete with a large island and quartz countertops. The fully finished walkout lower level offers versatility with two additional bedrooms, a full bathroom, a family room filled with natural light, pot lighting and an office nook. The walkout entrance offers potential for extended-family living, guest accommodations, or a private workspace. The elevated rear deck overlooks a fully fenced backyard surrounded by greenery, creating the perfect setting for entertaining, relaxing, or enjoying evenings with family and friends. The maintained grounds, trees, and park-like setting create a sense of privacy and tranquillity. Extensively updated, the home showcases numerous improvements, including a new concrete driveway, concrete pad/walkways, fencing, deck, both bathrooms, flooring, lighting, interior doors, fresh paint throughout, quartz countertops, a new storage shed, a custom office nook, and professionally installed outdoor festival lighting for year-round enjoyment. The expansive driveway accommodates over 10 vehicles, making it ideal for large families, recreational vehicles, trailers, or those who love to entertain. In addition, the oversized garage provides excellent space for hobbyists, tradespeople, workshop enthusiasts, or additional storage. A truly turnkey home, ready for its next family to move in and enjoy. Book your private showing today. (id:5764)

166 Fairview Avenue West, St. Thomas

Listing courtesy of THE AGENCY REAL ESTATE.

$609,900
5 Beds 2 Baths X13430462 MLS® #
Warm, welcoming, and thoughtfully designed, this charming 1,010 sq. ft. bungalow proves that great things come in smaller packages. Every inch of this beautifully maintained home has been maximized for comfortable everyday living, while the professionally finished lower level adds exceptional space and versatility.Nestled on a quiet street in northeast St. Thomas, just 10-15 minutes south of London, this inviting 3+2 bedroom home features a bright open-concept layout and tasteful updates throughout. The kitchen offers quartz countertops and is complemented by newer flooring, modern lighting, and fresh paint throughout most of the home. An updated main bathroom completes the move-in-ready interior.The professionally finished lower level expands the home's functionality with two spacious bedrooms featuring oversized egress windows, a full bathroom, and a generous recreation room-perfect for family movie nights, guests, a home office, or multi-generational living.Outside, enjoy a freshly re-sodded yard, widened and replaced driveway, new insulated garage door, backyard shed, and a new furnace (November 2024), providing comfort and peace of mind.Ideally located near parks, walking trails, Dalewood Conservation Area, Kettle Creek Dog Park, and a preschool/daycare just around the corner, this home offers the perfect balance of efficient living, thoughtful updates, and a family-friendly neighbourhood. If you've been searching for a home that's easy to maintain without sacrificing comfort or flexibility, this one is sure to impress (id:5764)

3 Meadowvale Drive, St. Thomas

Listing courtesy of BLUE FOREST REALTY INC..

$699,900
4 Beds 3 Baths X13241458 MLS® #
Being Built by Mapleton Homes - Your Dream Home Awaits in the Heart of St. Thomas! The current listed price reflects a limited-time ***builder incentive of $35,000 and is inclusive of the Proposed Enhanced HST Rebate program ***. Discover exceptional quality and modern living in this stunning Ridgewood model by Mapleton Homes, located in the thriving community of St. Thomas. This beautifully designed home offers the perfect balance of small-town charm and big-city amenities. Step inside and experience luxury from the moment you enter the spacious foyer. The open-concept main floor is thoughtfully designed for both everyday living and entertaining, featuring 9-foot ceilings, abundant natural light, and a completely carpet-free layout. The seamless flow between the living room, dining area, and gourmet kitchen creates an inviting atmosphere for family and guests alike. The chef-inspired kitchen is sure to impress with elegant quartz countertops, a large centre island, and ample cabinetry. A walk-in pantry provides additional storage, making this space as functional as it is beautiful. Retreat to the luxurious primary suite, offering a spacious bedroom, walk-in closet, and spa-inspired ensuite bathroom designed for comfort and relaxation. The basement presents outstanding future development potential, featuring large egress windows, a rough-in bathroom, and a separate side entrance-ideal for creating additional living space to suit your needs. This exceptional home showcases the quality craftsmanship and attention to detail Mapleton Homes is known for. Don't miss this opportunity-book your private showing today before this remarkable home is gone! Note: Final HST and HST rebate are subject to the passing (Royal ascent) of Provincial and Federal legislation as well as purchaser eligibility. (id:5764)

43 Lucas Road, St. Thomas

Listing courtesy of RIGHT AT HOME REALTY.

$659,900
5 Beds 3 Baths X13210102 MLS® #
Fully tenanted, investment opportunity with an IN-LAW SUITE! Welcome to this beautifully updated property tucked away in a quiet pocket of St. Thomas, just steps from the charm of the Courthouse District. Featuring a self-contained in-law suite with a separate entrance, this property offers exceptional versatility for multigenerational living or additional income. With five bedrooms, two kitchens, two laundry rooms, a heated single-car garage, and a fully fenced backyard, this home combines modern comfort with timeless character. The main floor showcases a welcoming covered porch, bright open-concept living and dining areas, and a stylish kitchen with stainless steel appliances, an island, walk-in pantry, convenient two-piece washroom and interior access to the heated garage. Upstairs, you'll find a spacious primary bedroom with a walk-in closet, a second bedroom, a laundry room, and a four-piece bathroom. The finished third-floor loft adds valuable living space, perfect for a bedroom, private retreat, home office, or playroom. The lower level offers a beautifully designed in-law suite complete with a modern kitchen, comfortable living area, two bright bedrooms, a three-piece bathroom, laundry, and storage. Located in a historic neighbourhood surrounded by beautiful architecture, this home is within walking distance to local amenities such as cafes, restaurants, and shops, and just minutes from the Elevated Park and V.A. Barrie Disc Golf Park. A rare opportunity to own a stylish, updated property in one of St. Thomas's most desirable areas. The property is currently tenanted at $4025.00 per month, all-inclusive. (id:5764)

40 Metcalfe Street, St. Thomas

Listing courtesy of ROYAL LEPAGE TRILAND REALTY.

$639,900
3 Beds 3 Baths X13173586 MLS® #
Welcome to 55-45 Lake Margaret Trail, a beautifully maintained 2+1 bedroom, 3 bathroom bungalow condo located in the quiet and peaceful Lake Margaret Station detached condo complex, built in 2006 by Doug Tarry Homes. This friendly community offers a serene setting with a small nature path and sitting area in the heart of the complex, while being conveniently close to Lake Margaret Trail, shopping, restaurants, and all local amenities. Designed for comfortable main-floor living, this home offers everything you need on one level. Step into the welcoming foyer where you'll find a bright front bedroom to your right, perfect for guests, a home office, or hobby space, complete with large front-facing windows that fill the room with natural light. Down the hall is the convenient mudroom/laundry area with direct access to the attached 2-car garage, along with a well-appointed 4-piece guest bathroom. The heart of the home features a spacious open-concept layout with plenty of natural light throughout. The kitchen offers granite countertops, a breakfast bar, ample cabinetry, and generous counter space, all overlooking the dining area with access to the back deck and the inviting living room with a cozy gas fireplace.The primary suite is tucked just off the living area and includes a spacious bedroom, his-and-hers closets, and a large 4-piece ensuite bathroom. Outside, the private back deck features privacy screens and backs onto greenery, creating a peaceful outdoor retreat. The finished lower level adds even more living space with a large rec room, third bedroom, 3-piece bathroom, and utility/storage room. A wonderful opportunity to enjoy low-maintenance living in a sought-after condo community with a welcoming neighbourhood feel. (id:5764)

45 Lake Margaret Trail Unit 55, St. Thomas

Listing courtesy of RE/MAX CENTRE CITY REALTY INC..

$609,900
5 Beds 2 Baths X13076554 MLS® #
A prime opportunity to own a turnkey, cash-flowing duplex on the south edge of St. Thomas - fully renovated, professionally positioned, and generating immediate income from day one. Configured as a 3-bedroom upper unit and a 2-bedroom lower unit, both units have been completely updated in 2024, delivering a true "plug-and-play" investment. Interior improvements include brand new kitchens with quartz countertops, updated cabinetry, subway tile backsplashes, refreshed bathrooms, new flooring throughout, and in-suite laundry in both units - a level of finish that not only attracts quality tenants, but helps support long-term rent stability. From a numbers standpoint, the property is currently producing $3,790/month in gross rental income, with a clear path to $3,990/month based on achievable market rents. After accounting for approximately $1,044/month in operating expenses, this results in a net operating income of ~$2,745/month ($32,951 annually) on current rents, and ~$2,945/month ($35,351 annually) at market rents. At the current list price, this translates to a 5.9% cap rate based on actual income, with the ability to push into the 6.3% range as rents are optimized - offering both immediate return and built-in upside. Operationally, the property is well thought out. Each unit benefits from its own dedicated heating and cooling system, helping reduce tenant overlap and simplifying expense management - with the upper unit serviced by a forced air furnace and central A/C, and the lower unit equipped with heat pumps (with integrated AC) and baseboard as backup. Combined with separate hydro meters and parking for up to 5 vehicles, this is a low-friction asset from a management standpoint. Location plays a key role here as well. Positioned on the south edge of St. Thomas, tenants have access to a wide range of schools, parks, walking trails, and everyday amenities - a consistently desirable area that supports tenant demand and long-term occupancy. (id:5764)

56 Leger Avenue, St. Thomas

Listing courtesy of PRIME REAL ESTATE BROKERAGE.

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