11 Forest Avenue

Nestled in the heart of St. Thomas, at 11 Forest Avenue, this Multi-Family Home for sale in St. Thomas presents a remarkable opportunity for investors and families alike. With its spacious layout and a wealth of potential, this oversized duplex is truly a gem in the real estate market. The property boasts two vacant units, providing the perfect canvas for setting market rents and establishing a strong return on investment from the very first day.

The building, a charming 2-storey multiplex constructed of durable brick, features a total of 11 rooms, including four generous bedrooms and two well-appointed bathrooms. The main floor showcases a large one-bedroom layout that offers the exciting possibility of converting it into a two-bedroom unit, catering to a wider range of tenants. Meanwhile, the upper level houses a bright and modern three-bedroom unit, complete with access to a finished attic that serves as an impressive family room and can also be utilised as a fourth bedroom. This flexibility makes the Multi-Family Home for sale in St. Thomas particularly appealing to families seeking ample living space.

At 11 Forest Avenue, St. Thomas, you will find that the property is unfurnished, allowing new owners to personalise the space to their liking. Although there is no central vacuum system or air conditioning, the home benefits from municipal water and sewer services, ensuring convenience for its occupants. The heating system is of an alternative type, which adds to the character of this unique property.

The exterior of the home is complemented by a newly poured concrete driveway, enhancing its curb appeal and providing low-maintenance parking for up to three vehicles. While there is no garage space or pool on the premises, the spacious lot measures an impressive 24 x 120 feet, offering plenty of room for outdoor activities or potential future enhancements.

One of the standout features of this Multi-Family Home for sale in St. Thomas is its prime location. Situated just steps away from the bustling downtown core, residents will enjoy easy access to a plethora of amenities, including schools, parks, and various shops. This proximity to essential services makes it an ideal spot for attracting quality tenants, ensuring that the property remains in high demand.

For those who appreciate connectivity, the property is equipped with internet access, making it suitable for modern living. Additionally, the family room on the upper level provides a welcoming space for relaxation and gatherings, further enhancing the appeal of this Multi-Family Home for sale in St. Thomas.

The full, unfinished basement presents an excellent opportunity for further development, whether it be for additional storage or potential living space. While there are no additional land parcels included with the property, the existing layout and features offer ample room for creativity and expansion.

In summary, 11 Forest Avenue, St. Thomas, is a versatile and solid investment opportunity, ideal for anyone looking to enter the rental market or expand their existing portfolio. With its spacious units, prime location, and the potential for strong rental income, this Multi-Family Home for sale in St. Thomas is not to be missed. Seize the chance to secure a fully vacant duplex in one of the most sought-after rental areas of St. Thomas, and watch your investment flourish in this vibrant community. Don't hesitate—opportunities like this are rare and highly coveted!

St. Thomas, nestled within the city of St. Thomas, is a charming and vibrant geographic area that offers a unique blend of small-town charm and modern amenities. Surrounded by picturesque landscapes and lush greenery, this community is characterised by its friendly atmosphere and a strong sense of local pride. Residents enjoy easy access to a variety of parks, recreational facilities, and local shops, making it an ideal place for families and individuals alike. The area boasts a rich history, evident in its well-preserved architecture and community events, fostering a close-knit environment where neighbours often come together to celebrate local culture. With its convenient location and welcoming spirit, St. Thomas presents an appealing option for those looking to settle in a lively yet tranquil setting.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, making it an ideal choice for families. The closest school is Arthur Voaden Secondary School, just 0.8 km away, offering grades 9 to 12, although it has a lower school rating of 0.8. Nearby, Pierre Elliott Trudeau F.I.P.S., also 0.8 km from the property, provides French-language instruction for grades 1 to 8, but unfortunately has a school rating of 0. For elementary education, Forest Park Public School is located 1.4 km away, serving grades JK to 8 with a rating of 2.2. Parkside Collegiate Institute, 1.9 km from the property, offers secondary education in French and boasts a higher school rating of 5.5. Additionally, Monsignor Morrison Catholic School, located 2.4 km away, provides Catholic education for grades JK to 8, but has a rating of 0. Overall, while there are several schooling options available nearby, prospective buyers should consider the varying school ratings when evaluating the educational opportunities for their children.

Key Statistics of the Neighbourhood

The area surrounding the property has a small population of 481 residents, with an average household size of 2.1 individuals. The community is characterized by a median age of 42 years, indicating a mature demographic. The average household income stands at $64,500, with 16% of the population classified as low-income. The average home price in the area is approximately $380,000, reflecting the local real estate market. A significant portion of the population, 53.09%, is single, while 32% of households include children, suggesting a mix of family structures. Renters make up half of the housing situation, with no condos available, indicating a potential preference for single-family homes or other rental types. Additionally, 5.83% of the residents are immigrants, contributing to the area's diversity. Educational attainment is notable, with 34.12% of the population holding a college or university degree. However, the same percentage is not in the labor force, which may impact the local economy. Overall, this demographic snapshot reveals a community that is relatively stable, with a blend of singles and families, and a focus on education amidst a modest economic backdrop.