For Lease · Multifamily

40 QUEEN STREET, St. Thomas

40 QUEEN STREET, St. Thomas, ON N5R3J2

Price on request

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Asset Class

Multifamily

Size

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Building class

B

Zoning

RF6 — Medium Density

$ / SF

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Occupancy

93%

About this property

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)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy93%
Expense growth2.5%

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.

Area demographics

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.

Secure deal room

Confidential diligence documents for 40 QUEEN STREET, St. Thomas.

NDA required
  • 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.