$519,900

For sale

2.5 Antrim Street, St. Thomas - Single Family for Sale

2.5 Antrim Street, St. Thomas, Ontario, N5P1S3

3 beds3 baths1 parking1,750 ft²35 × 73 ft (2,566 sq ft) lot sizeListed 20 days ago

Overview

This 3-bedroom, 3-bathroom home in St. Thomas is for sale offering roughly 1,750 sq ft of space. Listed at $519,900, it is attractively priced about 6% below the $552,535 median asking price in St. Thomas. It has been on the market 20 days, fresher than the St. Thomas average of 71 days.

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Description

INVESTMENT OPPORTUNITY! Legal 1 1/2 - storey duplex offering 2 self-contained units, ideally located in northwest St. Thomas, just 2 blocks from downtown! The freshly updated main-floor unit features 2 bedrooms, living and dining rooms, 4-piece bath and laundry. Lower level offers an additional legal bedroom, living area and ample storage. The upper unit has been extensively renovated with updated flooring, windows and fresh paint. Ideal for investors or first-time buyers wishing to live in one unit while generating rental income from the other! Potential gross annual income of $36,000, estimated expenses of $5,000 and projected net operating income of $31,000 before debt servicing. Approximate 5.96% cap rate at the $519,900 asking price. Mutual driveway with ONE parking space. Just a 5-minute drive to June Rose Callwood Public School. An excellent opportunity to build equity! Easy to show! (id:66096)

Property Details

MLS®: X14085164
Property Type: Single Family
Zoning: R4
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 3
Half Baths: 1
Parking: 1
Interior Size: 1,750 ft²
Lot Size: 35 × 73 ft (2,566 sq ft)
Frontage: 35 ft
Storeys: 1
Basement: Finished, Full
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: No Garage
Ownership: Freehold
Property Tax

Rooms

Main level

Bathroom: 3.09 x 2.43 meters
Primary Bedroom: 4.1 x 3.93 meters
Other: 2.31 x 4.87 meters
Bathroom: 2.08 x 1.32 meters
Bedroom: 2.77 x 3.41 meters
Kitchen: 5.21 x 3.94 meters
Living room: 4.47 x 3.51 meters
Primary Bedroom: 2.76 x 4.1 meters
Bathroom: 1.51 x 2.34 meters
Bedroom: 4.62 x 3.56 meters
Kitchen: 3.49 x 4.23 meters

Features

Appliances: Water meter, Water Heater
Foundation: Stone, Block
Exterior: Brick, Aluminum siding
Lot Features: Irregular lot size, Flat site, Dry, Paved yard

Services

Water: Municipal water
Sewer: Sanitary sewer
Utilities: Sewer, Electricity, Cable

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

20d

St. Thomas listings, avg age

71d

Price / ft²

$297

List price

$520K

Homes here sell close to asking price

Homes in this market sold for an average of 97.5 percent of their asking price over the past year, above the 96.4 percent median across the markets we publish.

Haho

This 3-bed single family in St. Thomas has been listed for 20 days, which is 51 days fresher than the city average of 71. Act while there is still low competition.

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Listed by ROYAL LEPAGE TRILAND REALTY · NELSON CONROY

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N5P)

This home lists at $519,900, about 6.7× the local median household income of $77,500.

Carrying it typically needs a household income of about $101,555 (20% down, 25-yr amortization, stress-tested) — roughly 31% above the area median.

Median household income: $77,500
Population: 21,081
Median age: 42.8
Owner / renter: 68% / 32%
Avg. household size: 2.4

Source: Statistics Canada, 2021 Census (FSA N5P)

$519,900· $297/ft²

For sale

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Full Cost Breakdown

Loading rates, 30-yr amortization

Current Rates

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Down Payment5.19% · $26,990

Min 5.19%50%

Mortgage payment$2,733/mo

↳ CMHC premium ($19,716 capitalized)

Property tax (est.)$191/mo

Total monthly$2,924

Cash Needed to Close

Down payment (5.19%)$26,990

Land transfer tax$6,873

Est. closing costs$4,060

Total cash needed$37,923

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