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Price Change$679,900

40 Metcalfe Street

St. Thomas, St. Thomas

$659,900

Detached|2 1/2 Storey
5 | 3 | 3
About this home

Fully tenanted, investment opportunity with an IN-LAW SUITE! Welcome to this beautifully updated property tucked away in a quiet pocket of St. Thomas, just steps from the charm of the Courthouse District. Featuring a self-contained in-law suite with a separate entrance, this property offers exceptional versatility for multigenerational living or additional income. With five bedrooms, two kitchens, two laundry rooms, a heated single-car garage, and a fully fenced backyard, this home combines modern comfort with timeless character. The main floor showcases a welcoming covered porch, bright open-concept living and dining areas, and a stylish kitchen with stainless steel appliances, an island, walk-in pantry, convenient two-piece washroom and interior access to the heated garage. Upstairs, you'll find a spacious primary bedroom with a walk-in closet, a second bedroom, a laundry room, and a four-piece bathroom. The finished third-floor loft adds valuable living space, perfect for a bedroom, private retreat, home office, or playroom. The lower level offers a beautifully designed in-law suite complete with a modern kitchen, comfortable living area, two bright bedrooms, a three-piece bathroom, laundry, and storage. Located in a historic neighbourhood surrounded by beautiful architecture, this home is within walking distance to local amenities such as cafes, restaurants, and shops, and just minutes from the Elevated Park and V.A. Barrie Disc Golf Park. A rare opportunity to own a stylish, updated property in one of St. Thomas's most desirable areas. The property is currently tenanted at $4025.00 per month, all-inclusive.

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Milad Momtaz Azad
Milad Momtaz Azad
(647) 510-8858
Julian Kashani
Julian Kashani
(416) 837-7775
TypeDetached
Style2 1/2 Storey
Approx. AgeNot available
Size2500-3000 sq. ft.
Property Tax$2,962
Lot Size33 ft x 84.5 ft
mls© NumberX13210102
Listed ByROYAL LEPAGE TRILAND REALTY

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$3,378
Property tax
$247
Heat allowance
$150
Housing costs
$3,775 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $131,980
25-yr amortization

Income needed

$116,000

gross annual household income

Payment at 4%
$2,777 / mo
Cash down
$131,980

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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