12 Weldon Avenue

If you’re on the hunt for a fantastic investment opportunity or a lovely place to call home, look no further than this Multi-Family Home for sale in St. Thomas ! Nestled at 12 Weldon Avenue, St. Thomas, this charming duplex is a real gem that boasts a wealth of features. With a prime location in the Elgin area, this property is perfect for both seasoned investors and first-time buyers looking for a smart mortgage helper.

This Multi-Family Home for sale in St. Thomas is a well-maintained 2-storey multiplex that has recently undergone extensive renovations. Both units were fully revamped in 2021, ensuring modern living standards that are sure to attract quality tenants. The property features a total of 10 rooms, including four spacious bedrooms and two well-appointed bathrooms. With two kitchens, this home is designed for convenience and functionality, making it ideal for families or individuals who appreciate a bit of extra space.

The main floor unit is currently tenanted, bringing in a solid income of £1,715 per month, plus hydro. The tenant is excellent and would be happy to stay on or vacate with proper notice, giving you flexibility in your investment strategy. Meanwhile, the upper unit is owner-occupied, allowing you the option to move in right away or choose your own tenant and set the market rent. This flexibility is a significant advantage for anyone considering this Multi-Family Home for sale in St. Thomas.

Situated on a generous lot measuring 47 x 114 feet, the property has ample parking space for up to six vehicles, which is a rare find in this area. The private double driveway is a great feature for those with multiple cars or guests. Although there is no garage, the expansive parking area more than compensates for it. Plus, there’s plenty of basement storage available, which is perfect for stowing away seasonal items or other belongings.

The home is equipped with central air conditioning, ensuring comfort during the warmer months, while the forced air heating system keeps things cosy in the winter. Although there’s no fireplace, the modern updates throughout the property create a warm and inviting atmosphere. The family room is a delightful space for relaxation and gatherings, making it a perfect spot for entertaining friends and family.

One of the standout features of this Multi-Family Home for sale in St. Thomas is the full, finished basement. This additional space can be utilised for various purposes, whether it’s for storage, a playroom, or even a home gym. The high ceilings in both units add to the sense of space and light, making the interiors feel even more inviting.

The exterior of the home is clad in durable aluminium siding, which not only looks great but also requires minimal maintenance. The property is over 100 years old, yet the renovations have brought it up to modern standards while still retaining its character. The metal roof adds an extra layer of durability and peace of mind for any prospective buyer.

In summary, this Multi-Family Home for sale in St. Thomas at 12 Weldon Avenue, St. Thomas, is a fantastic opportunity for anyone looking to invest in a property with strong income potential or for those seeking a lovely home with a built-in mortgage helper. With its recent renovations, spacious layout, and prime location, it truly checks all the boxes. Whether you’re an investor or a first-time buyer, this property is not to be missed! Come and see for yourself what makes this Multi-Family Home for sale in St. Thomas such a wonderful opportunity.

St. Thomas, nestled in the heart of the city of St. Thomas, is a charming and vibrant area that offers a delightful blend of urban convenience and natural beauty. This community is characterised by its picturesque parks, historic architecture, and a welcoming atmosphere that fosters a strong sense of belonging. Residents can enjoy a variety of local shops, cafes, and cultural attractions, all within easy reach. The surrounding landscapes, including lush green spaces and scenic trails, provide ample opportunities for outdoor activities. With its friendly neighbourhood vibe and a rich tapestry of events and festivals throughout the year, St. Thomas is an inviting place for anyone looking to settle in a lively yet serene environment.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, making it an ideal choice for families. The closest elementary school, June Rose Callwood Public School, is just 0.8 km away and offers grades JK to 8, boasting a solid school rating of 4.3. Another nearby option is Pierre Elliott Trudeau F.I.P.S., which provides French-language education for grades 1 to 8, located 1.2 km from the property, although it currently has a lower rating. For secondary education, Arthur Voaden Secondary School is only 0.7 km away, catering to grades 9 to 12, but has a lower rating of 0.8. A better-rated alternative is Parkside Collegiate Institute, situated 2.8 km from the property, which also offers grades 9 to 12 and has a commendable rating of 5.5. Additionally, Monsignor Morrison Catholic School, located 1.6 km away, serves grades JK to 8 in a Catholic setting. Overall, the area offers a variety of educational choices, catering to different language preferences and educational philosophies, ensuring that families have access to quality education within a short distance.

Key Statistics of the Neighbourhood

The demographic profile of the area surrounding the property reveals a small population of 467 residents, with an average household size of 2.3. The community has a median age of 43.1 years, indicating a mature population. The average household income stands at $71,500, with 11.2% of residents classified as low-income. Housing prices average around $320,000, making it a moderately priced market. Approximately half of the population is single, while 29.63% of households include children, suggesting a mix of family and single-person households. The area has a rental population of 32.56%, with no condos available, indicating a potential focus on single-family homes. Immigrants make up 6% of the population, contributing to the area's diversity. Educational attainment is notable, with 30.77% of residents holding a college or university degree. However, a significant portion, 40.66%, is not participating in the labor force, which may reflect various factors such as retirement or other personal circumstances. Overall, this community presents a blend of demographics that may appeal to a range of potential buyers or renters looking for a balanced living environment.