60 1/2 St Catharine Street

Welcome to the exceptional **Multi-Family Home for sale in St. Thomas **, located at 60 1/2 St Catharine Street, St. Thomas. This remarkable property presents a unique opportunity for investors and first-time buyers alike, offering a fully turnkey duplex that is perfect for those looking to offset their mortgage or generate rental income. Situated in the vibrant community of St. Thomas, this home is designed to cater to both comfort and practicality.

This **Multi-Family Home for sale in St. Thomas** features a well-structured building type of multiplex, with a charming 1 1/2 storey design that enhances its appeal. The exterior is a combination of durable brick and vinyl siding, ensuring both aesthetic charm and longevity. The property boasts a generous lot size of 35 x 89 feet, providing ample space for outdoor activities or potential landscaping opportunities.

Inside, the **Multi-Family Home for sale in St. Thomas** comprises a total of 15 rooms, including four spacious bedrooms and three bathrooms, making it an ideal choice for families or multiple tenants. The layout includes two kitchens, thoughtfully designed to cater to the needs of each unit. Unit 1 features two bedrooms and a well-appointed bathroom, while Unit 2 offers two bedrooms, two bathrooms, and a dedicated office space. This thoughtful arrangement allows for privacy and convenience, making it an attractive option for potential renters.

Each unit is equipped with separate in-suite laundry facilities, ensuring that residents have everything they need for a comfortable living experience. Additionally, the property includes unfinished basement storage, providing further utility and space for belongings. Although the home does not feature a central vacuum system, a private driveway with parking space for two vehicles adds to the convenience of this property.

The **Multi-Family Home for sale in St. Thomas** has been fully updated, showcasing new luxury vinyl plank flooring throughout, stunning bathrooms, and an attractive kitchen layout in both units. With almost all brand new windows and appliances, this property is designed to be headache-free for years to come. The absence of air conditioning and a pool may be seen as drawbacks, but the advantages of the updated interiors and the overall structure far outweigh these minor inconveniences.

For those considering investment opportunities, the potential for strong income is significant. Market rents suggest a combined income potential of approximately £4,100 per month, making this property an excellent mortgage helper or cash-flowing rental. The heating system is forced air, and the property is connected to municipal water and sewer services, ensuring reliable utilities for residents.

The age of the property, over 100 years, adds a unique character and charm that is often sought after in the housing market. While the home is currently unfurnished, this allows new owners the flexibility to personalise the space according to their tastes and preferences.

In summary, the **Multi-Family Home for sale in St. Thomas**, located at 60 1/2 St Catharine Street, St. Thomas, is a remarkable investment opportunity. With its spacious layout, modern updates, and potential for significant rental income, this property is not to be missed. Whether you are an investor looking to expand your portfolio or a first-time buyer seeking a property that can help with mortgage costs, this duplex truly combines luxury and stability in a thriving community. Seize the opportunity to make this attractive asset yours today!

St. Thomas, nestled within the city of St. Thomas, is a charming and vibrant area that offers a delightful blend of urban convenience and suburban tranquillity. Known for its picturesque parks and well-maintained streets, this community boasts a welcoming atmosphere, making it an ideal place for families and individuals alike. Residents enjoy easy access to local amenities, including shops, schools, and recreational facilities, all set against a backdrop of lush greenery and scenic landscapes. With a strong sense of local pride and a variety of community events throughout the year, St. Thomas provides a warm and inviting environment for those looking to settle in a friendly and engaging neighbourhood.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, making it an ideal choice for families. The closest school, Arthur Voaden Secondary School, is just 0.3 km away and offers grades 9 to 12, although it has a lower school rating of 0.8. For younger children, June Rose Callwood Public School is only 1.1 km from the property, providing a solid elementary education from JK to grade 8 with a commendable rating of 4.3. Another nearby elementary option is Pierre Elliott Trudeau F.I.P.S., located 1.7 km away, which offers French language instruction but currently has a rating of 0. For secondary education, Parkside Collegiate Institute is situated 2.9 km away and boasts a higher rating of 5.5, providing a French curriculum for grades 9 to 12. Additionally, Monsignor Morrison Catholic School, 1.5 km from the property, offers a Catholic education from JK to grade 8, although it does not have a rating available. Overall, the area presents a mix of educational options across different boards and languages, catering to diverse family needs.

Key Statistics of the Neighbourhood

The area surrounding the property has a population of 872 residents, with an average household size of 2.1. The community is relatively young, with an average age of 38.6 years. The average household income stands at $60,800, although 22.6% of the population is classified as low-income. The average property price in the area is approximately $308,000, making it an accessible option for many. A significant portion of the population, 55.94%, is single, while 25.53% of households have children, indicating a mix of family structures. The area has a notable rental market, with 58.97% of residents renting their homes, and only 2.56% residing in condominiums. Educational attainment is relatively high, with 41.67% of the population holding a college or university degree. Additionally, 4.4% of the residents are immigrants, contributing to the community's diversity. However, a considerable portion of the population, 33.33%, is not actively participating in the labor force, which may reflect various socio-economic factors at play in the area. Overall, this demographic profile highlights a vibrant community with a mix of families, singles, and a strong rental presence.