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St. Thomas, St. Thomas
$529,900
Client RemarksThis property presents a strong opportunity for both end-users and investors looking for flexibility and long-term value in a growing St. Thomas market. The 4-level backsplit layout offers a functional and spacious design, with a 3+2 bedroom configuration that suits larger families or those needing multi-generational living space.One of the key highlights is the presence of two kitchens and a finished lower level, which opens the door to potential income generation or an in-law suite setup. This added versatility is a major advantage in today's market, especially given rising rental demand in the area.The home is located in a well-established, family-friendly neighbourhood, within walking distance to schools and close to major amenities. Its proximity to key infrastructure projects and local employment growth centers further supports long-term appreciation potential. solid 3+2 backsplit with 2 kitchens = great flexibility. Works well for multi-gen or rental setup.
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| Type | Detached |
| Style | Backsplit 4 |
| Approx. Age | 31-50 |
| Size | 1500-2000 sq. ft. |
| Property Tax | $3,041 |
| Lot Size | 48.66 ft x 112.41 ft |
| mls© Number | X13619348 |
| Listed By | ESTATE #1 REALTY SERVICES INC. |
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%
- $2,712
- Property tax
- $253
- Heat allowance
- $150
- Housing costs
- $3,116 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$96,000
gross annual household income
- Payment at 4%
- $2,230 / mo
- Cash down
- $105,980
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
Values and trends
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Comparable sales
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