47 Barnes Street, St. Thomas, ON
Property no longer active
This property was sold on November 22, 2024. This listing is for reference purposes only. to view the sold price.
Property Highlights
Welcome to this remarkable 1 1/2 Storey duplex located in the coveted neighborhood of St. Thomas. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $524,900 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 5 Bedrooms and 3 Bathrooms with 2 functional kitchens
- Premium 44.96 x 106.01 ft lot size
- Features a full basement, adding superb versatility for recreation, a home gym, or extra storage
- 3.0 total parking spaces available
- Notable attributes: Water Heater
- Efficient forced air heating via gas
Description
This duplex has it all!If you are a first time home buyer looking for a family home with supplemental rental income to support your mortgage THIS IS IT.The vacant unit at the rear of the property represents approx. 65 % of the total properties square footage. It has a three-level back deck facing southwest, convenient private parking with separate access at the rear of the building and is just a few minutes walking distance to downtowns main street shopping. Everything in the interior has been thoughtfully upgraded and freshly painted, ensuring a move-in-ready experience. The main unit offers a generous living space, including a spacious all white kitchen, cozy living room with gas fireplace, a separate dining room, and a 4 pc. bathroom. Upstairs, you will find 2 sizeable bedrooms, a dedicated office space, and an additional 2 piece bathroom. Meanwhile, the front unit which is currently rented at $1332 month-to-month, plus hydro and water, has two bedrooms, its own front deck and separate parking. Both units are equipped with their own washer and dryer, separate hydro and water, and ample basement storage. Recent upgrades include new eaves troughs and downspouts in 2024, shingles replaced in 2021 with a part metal roof, mostly vinyl windows, and an upgraded furnace in 2018.
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Property Summary
This duplex located at 47 Barnes Street, St. Thomas is currently for sale and has been available on SousaSells for 667 days. This property is listed at $524,900 with an estimated mortgage of $1,747* per month. It has 5 beds, 3 bathrooms, and is unknown square feet. 47 Barnes Street, St. Thomas is in the St. Thomas neighborhood.
* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Key Features
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Property History
No historical data available for this property.
This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 47 Barnes Street, St. Thomas, ON N5R 2V6
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in St. Thomas, ON
For a property listed at $524,900 in St. Thomas, the legal minimum down payment is $27,490 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $6,973 for this transaction. As this listing is in St. Thomas (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $6,973.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.