55 East Street St. Thomas, Ontario N5P 2R3

$599,900

Vacant Possession Duplex in St. Thomas — Set Your Rents from Day One A rare opportunity to take control of your investment from the start. This 2.5-storey duplex will be delivered vacant on closing, allowing you to secure market rents immediately. Located in an established area of St. Thomas close to amenities and transit, supporting consistent tenant demand. The home features two self-contained units with private entrances. The main floor offers a bright living space with large windows, laminate flooring, decorative fireplace, two bedrooms, a 3-piece bath, and an updated eat-in kitchen with newer cabinetry and stainless steel appliances. A rear mudroom adds functional entry and storage. The upper unit includes two bedrooms, a full 4-piece bath, kitchen, and access to a private deck. The finished third floor expands the upper unit with an additional bedroom and large living area. Shared laundry is located in the lower level with potential for coin operation. Rear parking for two vehicles. Key updates include separate hydro meters plus a common meter, updated electrical (ESA Feb 2025), steel roof (2022) with transferable warranty, owned water heaters and water softener, and natural gas furnace. Two fridges and two stoves with transferable warranty. Two self-contained units with finished third-floor space expanding the upper unit offer strong rental potential. Financial summary available in supplements. (id:19593)

Open House

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Property Details

MLS® Number	40825985
Property Type	Multi-family
Amenities Near By	Hospital, Park, Place Of Worship, Public Transit, Schools, Shopping
Community Features	Quiet Area, School Bus
Features	Crushed Stone Driveway
Parking Space Total	3
Structure	Porch

Building

Bathroom Total	2
Bedrooms Total	5
Appliances	Water Softener, Window Coverings
Basement Development	Unfinished
Basement Type	Full (unfinished)
Constructed Date	1914
Cooling Type	None
Exterior Finish	Brick, Vinyl Siding
Foundation Type	Poured Concrete
Heating Fuel	Natural Gas
Heating Type	Forced Air
Stories Total	3
Size Interior	2,279 Ft2
Type	Duplex
Utility Water	Municipal Water

Parking

Detached Garage
Open

Land

Acreage	No
Land Amenities	Hospital, Park, Place Of Worship, Public Transit, Schools, Shopping
Sewer	Municipal Sewage System
Size Depth	107 Ft
Size Frontage	30 Ft
Size Total Text	Under 1/2 Acre
Zoning Description	R4

https://www.realtor.ca/real-estate/29683401/55-east-street-st-thomas