








1/1040 QUEEN STREET, St. Thomas, ON N5R3J2
Price on request
—
Asset Class
Multifamily
Size
—
Building class
B
Zoning
RF6 — Medium Density
$ / SF
—
Occupancy
93%
Welcome to this beautifully renovated main-floor duplex unit in the highly sought-after historic Courthouse District. Located on prestigious Queen St., this stunning unit perfectly blends pristine modern upgrades with classic heritage charm. The bright, updated kitchen features crisp white shaker-style cabinetry, modern recessed lighting, double stainless-steel sinks, and seamless wide-plank flooring. Step through the sunlit entry mudroom-highlighted by a striking exposed brick accent wall and convenient built-in coat hooks-into a generous main living space showcasing elegant, tall heritage-style baseboards. Enjoy the ultimate convenience of in-suite stacked laundry, dedicated parking for one vehicle, and exclusive access to the basement for abundant additional storage. With quiet, amazing neighbor tenants sharing the building, this is a rare opportunity to lease a premium, meticulously updated space in an absolutely incredible location. (id:66811)
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$7K
Projected NOI
$80K
Annual cash flow
$-3K
Cash-on-cash
-0.69%
DSCR
0.96
Going-in cap
5.34%
Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.
Trade area within 3 miles of the property.
Population
129,187
Households
57,720
Median income
$66,500
Median age
40.5
Daytime population
203,558
5-yr growth
7%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for 40 QUEEN STREET, St. Thomas.
Offering Memorandum
PDF · 4.2 MB
Rent Roll & T-12
XLSX · 820 KB
Environmental Phase I
PDF · 6.7 MB
Site Survey & Plans
PDF · 11.4 MB
Zoning Confirmation Letter
PDF · 310 KB
Preview experience — the electronic NDA is illustrative and is not a binding agreement.