121 Forest Ave
SW, St. Thomas, N5R 2J8
FOR SALE
$574,900
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3
BEDROOMS4
BATHROOMS1
KITCHENS12 + 3
ROOMSX8284012
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Property Description
High End Rental Property Potential! Multi-residential R3 zoning approved up to 4 units allowed with adherence to city zoning requirements. 10 minute walk to the shopping district. Two-car driveway in front with separate front door entrance. Two more cars in back parking with a second driveway entrance. St Thomas soon to become a hot rental demand market with the Volkswagen factory. Four floors of plumbing making conversion to rental easy! Maybe you move into the spacious main floor with the basement, and you rent the two floors above. A family's dream or a rental investor's dream. The first time this home has been on the market in 49 years. A classic red brick 2 1/2 storey with a front porch that spans the entire width of the house. Stunning original wood floors and trim with classic details can be found throughout the house. This beautiful home features 3+1 bedrooms, with 2 full and 2 half baths. The large floor plan offers an open kitchen and living/dining area. The living room has a gas fireplace and loads of large windows that allow beautiful natural light everywhere. A main floor 2 pc bathroom is perfect for guests. The elegant formal dining room is great for seating a large group when entertaining. An additional main floor den and living room features breathtaking Crawford ceilings. Heading upstairs you find three large bedrooms with a full bath and a fully finished attic that could be used as a master bedroom with a two-piece ensuite. The basement is finished with a rec-room, office and additional 3pc bath. Outside is fully fenced, beautifully landscaped, front and rear porch plus a single car garage with a rear and front private parking.
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Property Features
Hospital
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Property Details
Street
Community
City
Property Type
Detached, 2 1/2 Storey
Lot Size
40' x 112'
Acreage
< .50
Taxes
$3,244 (2023)
Basement
Full
Exterior
Alum Siding, Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
3
Driveway
Other
Garage Type
Detached
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St. Thomas Market Statistics
St. Thomas Price Trend
121 Forest Ave is a 3-bedroom 4-bathroom home listed for sale at $574,900, which is $21,721 (3.9%) higher than the average sold price of $553,179 in the last 30 days (April 14 - May 13). During the last 30 days the average sold price for a 3 bedroom home in St. Thomas increased by $15,190 (2.8%) compared to the previous 30 day period (March 15 - April 13) and down $76,821 (12.2%) from the same time one year ago.Inventory Change
There were 33 3-bedroom homes listed in St. Thomas over the last 30 days (April 14 - May 13), which is up 450.0% compared with the previous 30 day period (March 15 - April 13) and up 1,550.0% compared with the same period last year.Sold Price Above/Below Asking ($)
3-bedroom homes in St. Thomas typically sold ($10,601) (1.9%) below asking price over the last 30 days (April 14 - May 13), which represents a $3,073 increase compared to the previous 30 day period (March 15 - April 13) and ($4,900) less than the same period last year.Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 3-bedroom homes in St. Thomas over the last 30 days (April 14 - May 13) stood at 287.9%, down from 466.7% over the previous 30 days (March 15 - April 13) and up from 50.0% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 4-bathroom home in St. Thomas stood at 20 days when successfully sold over the last 30 days (April 14 - May 13), compared to 49 days before being removed from the market upon being suspended or terminated.Listing contracted with Re/Max Centre City Realty Inc.
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