$569,999

For sale

22 Montgomery Road, St. Thomas - Single Family for Sale

22 Montgomery Road, St. Thomas, Ontario, N5R1S5

6 beds2 baths5 parking1,300 ft²70 × 125 ft (8,750 sq ft) lot sizeListed 11 days ago

Overview

This 6-bedroom, 2-bathroom home in St. Thomas is for sale offering roughly 1,300 sq ft of space. Its $569,999 asking price sits right in line with the $552,535 median in St. Thomas. It has been on the market 11 days, fresher than the St. Thomas average of 70 days.

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Description

**LEGAL BASEMENT** Welcome to 22 Montgomery Rd, St. Thomas, an exceptional opportunity for homeowners and investors alike! This versatile property features a bright and spacious 3-bedroom, 1-bathroom main floor with an open-concept kitchen showcasing impressive vaulted ceilings, creating an inviting space for everyday living and entertaining. The fully legal basement apartment offers an additional 3 bedrooms, 1 bathroom, a full kitchen, and a generous living area, making it ideal for multi-generational living or generating rental income to help offset your mortgage. Whether you're looking to live in one unit and rent the other or expand your investment portfolio, this property delivers outstanding flexibility and value. Conveniently located close to schools, parks, shopping, restaurants, grocery stores, and all everyday amenities, with easy access to London and Highway 401, this home is perfectly situated in one of Southwestern Ontario's fastest-growing communities. Don't miss your chance to own this legal duplex offering incredible income potential and long-term value. (id:66096)

Property Details

MLS®: X14113328
Property Type: Single Family
Bedrooms: 6
Beds (above / below): 3 above · 3 below
Bathrooms: 2
Parking: 5
Interior Size: 1,300 ft²
Lot Size: 70 × 125 ft (8,750 sq ft)
Frontage: 70 ft
Storeys: 1
Style: Bungalow
Basement: Finished, Walk out, N/A
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Attached Garage, Garage
Ownership: Freehold
Property Tax: $3,082.34/yr

Rooms

Ground level

Kitchen: 3.41 x 2.75 meters
Living room: 7.21 x 5.31 meters
Bedroom: 3.63 x 3.66 meters
Bedroom 2: 3.72 x 2.42 meters
Bedroom 3: 2.68 x 2.77 meters

Basement

Kitchen: 3.84 x 3.89 meters
Living room: 2.43 x 3.17 meters
Bedroom: 3.26 x 3.45 meters
Bedroom 2: 2.41 x 3.63 meters
Bedroom 3: 2.52 x 2.67 meters

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Features

Appliances: Washer, Refrigerator, Water meter, Stove, Dryer
Foundation: Concrete
Exterior: Brick
Lot Features: Wooded area, Ravine, Carpet Free

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

11d

St. Thomas listings, avg age

70d

Price / ft²

$438

List price

$570K

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 6-bed single family in St. Thomas has been listed for 11 days, which is 59 days fresher than the city average of 70. Act while there is still low competition.

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Listed by RE/MAX MILLENNIUM REAL ESTATE · LUCKSHAN SUBAMANY

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N5R)

This home lists at $569,999, about 7.1× the local median household income of $80,000.

Carrying it typically needs a household income of about $111,341 (20% down, 25-yr amortization, stress-tested) — roughly 39% above the area median.

Median household income: $80,000
Population: 30,680
Median age: 44.8
Owner / renter: 74% / 26%
Avg. household size: 2.4

Source: Statistics Canada, 2021 Census (FSA N5R)

$569,999· $438/ft²

For sale

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Full Cost Breakdown

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Down Payment5.61% · $31,999.90

Min 5.61%50%

Mortgage payment$2,983/mo

↳ CMHC premium ($21,520 capitalized)

Property tax (est.)$257/mo

Total monthly$3,240

Cash Needed to Close

Down payment (5.61%)$32,000

Land transfer tax$7,875

Est. closing costs$4,210

Total cash needed$44,085

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