40 Queen Street

If you're in search of an exceptional investment opportunity, look no further than this Multi-Family Home for sale in St. Thomas , located at 40 Queen Street, St. Thomas. This impressive duplex is situated in the heart of the vibrant community of St. Thomas, within the Elgin area, and offers a fantastic layout for potential landlords or investors.

The property at 40 Queen Street, St. Thomas, features a well-designed two-storey building style, constructed from durable brick, ensuring both aesthetic appeal and longevity. This Multi-Family Home for sale in St. Thomas boasts a total of four bedrooms and three bathrooms, making it an ideal choice for families or groups seeking comfortable living arrangements. Each unit within the duplex is equipped with its own laundry facilities, providing convenience and independence for tenants.

The layout of this Multi-Family Home for sale in St. Thomas includes a main floor unit with two bedrooms and one bathroom, while the upper unit also comprises two bedrooms and a bathroom. This thoughtful design allows for privacy and space, making it easy to attract and retain tenants. The current rental situation is promising, with the upper unit currently rented for £1,450 plus a £50 monthly flat gas fee, while the main floor unit is rented for £1,495 plus a similar gas fee. Both tenants are described as wonderful and are keen to remain long-term, adding to the appeal of this investment property.

The property has undergone extensive renovations in 2020, which included significant updates to the electrical system, flooring, bathrooms, and kitchens, as well as new windows. These improvements not only enhance the aesthetic appeal of the home but also ensure that it meets modern standards of living. With such recent upgrades, potential buyers can feel confident in the maintenance and upkeep of the property.

Although the Multi-Family Home for sale in St. Thomas does not include a family room, den, or additional rooms, it offers a total of four rooms that can be utilised effectively by tenants. The absence of a central vacuum system and air conditioning may be noted, but the property does benefit from municipal water and sewer services, ensuring that essential utilities are readily available.

The exterior of the property features a private driveway with parking space for two vehicles, making it convenient for tenants and their guests. The lot measures 33 by 87 feet, providing ample outdoor space for potential landscaping or recreational use, although there is no pool or garage space included. The unfinished basement offers additional storage possibilities or could be developed further, depending on the new owner's vision.

Located just two blocks from Talbot Street, residents of 40 Queen Street, St. Thomas, will enjoy easy access to all the amenities that downtown St. Thomas has to offer. This prime location enhances the desirability of this Multi-Family Home for sale in St. Thomas, making it an easy property to rent and maintain.

In conclusion, if you are looking for a promising investment property in the booming town of St. Thomas, this Multi-Family Home for sale in St. Thomas at 40 Queen Street, St. Thomas, is an opportunity not to be missed. With its recent renovations, strong rental history, and strategic location, it presents an ideal chance to invest in a growing community. Don’t hesitate to explore this opportunity further, as properties like this are in high demand.

St. Thomas, located within the city of St. Thomas, is a charming and vibrant area that offers a delightful blend of urban convenience and natural beauty. Nestled in the heart of southwestern Ontario, this community is characterised by its picturesque parks, well-maintained residential neighbourhoods, and a welcoming atmosphere. With a rich history reflected in its historic buildings and local landmarks, St. Thomas boasts a strong sense of identity and pride among its residents. The area is well-served by amenities, including shops, schools, and recreational facilities, making it an ideal place for families and individuals alike. Its proximity to larger cities, coupled with a close-knit feel, provides a perfect balance for those seeking a serene yet connected lifestyle.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, making it an ideal choice for families. Within a short distance, you will find John Wise Public School, an elementary school rated 4.7, just 2.1 km away, and Arthur Voaden Secondary School, a secondary school located only 1.2 km from the property, though it has a lower rating of 0.8. Additionally, Pierre Elliott Trudeau F.I.P.S. offers French-language instruction for grades 1 to 8 and is situated 2.0 km away, but it has no rating. For older students, Parkside Collegiate Institute, another secondary school, is 2.4 km away and boasts a higher rating of 5.5. Lastly, Monsignor Morrison Catholic School, a Catholic institution for grades JK to 8, is located 2.5 km from the property. With a mix of public and Catholic schools, as well as options for both English and French language studies, this area provides a diverse educational landscape to cater to various preferences and needs. Overall, the proximity to these schools enhances the appeal of this property for potential buyers seeking a family-friendly neighborhood.