121 Forest Ave

St. Thomas, N5R 2J8
FOR SALE
$549,900
121 Forest Ave, St. Thomas
121 Forest Ave
121 Forest Ave
121 Forest Ave
121 Forest Ave
121 Forest Ave
121 Forest Ave
121 Forest Ave
121 Forest Ave
121 Forest Ave
121 Forest Ave
121 Forest Ave
121 Forest Ave
121 Forest Ave
121 Forest Ave
121 Forest Ave
121 Forest Ave
121 Forest Ave
121 Forest Ave
121 Forest Ave
121 Forest Ave
121 Forest Ave
121 Forest Ave
121 Forest Ave
121 Forest Ave
121 Forest Ave
121 Forest Ave
121 Forest Ave
121 Forest Ave
121 Forest Ave
121 Forest Ave
121 Forest Ave
121 Forest Ave
121 Forest Ave
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121 Forest Ave
121 Forest Ave
121 Forest Ave
121 Forest Ave
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3
BEDROOMS
3
BATHROOMS
1
KITCHENS
12
ROOMS
X9305296
MLSID
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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 1/2storey 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+1bedrooms, with 2 full and 2 half baths. The large floor plan offers an open kitchen andliving/dining area.
Listing History
List Date End Date Days Listed List Price Sold Price Status
2024-02-21 2024-05-21 90 $574,900 - Expired
Property Details
Property Type
Detached, 2 1/2 Storey
Lot Size
40' x 112'
Fronting
North
Taxes
$3,244 (2024)
Basement
Part Fin
Exterior
Alum Siding, Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
3
Driveway
Private
Garage Type
Detached
Room Summary
RoomLevelSizeFeatures
BathroomMain4.04' x 5.87'2 Pc Bath
DenMain10.01' x 11.65'
DiningMain12.83' x 11.38'
FamilyMain14.67' x 19.16'
KitchenMain15.72' x 12.53'
LivingMain12.86' x 11.71'
Bathroom2nd7.91' x 7.84'4 Pc Bath
Br2nd10.30' x 14.63'
Br2nd13.16' x 10.66'
Br2nd13.06' x 11.91'
Bathroom3rd6.36' x 4.66'2 Pc Ensuite
Prim Bdrm3rd16.80' x 12.83'
St. Thomas Market Statistics
St. Thomas Price Trend
121 Forest Ave is a 3-bedroom 3-bathroom home listed for sale at $549,900, which is $18,151 (3.2%) lower than the average sold price of $568,051 in the last 30 days (August 21 - September 19). During the last 30 days the average sold price for a 3 bedroom home in St. Thomas declined by $4,962 (0.9%) compared to the previous 30 day period (July 22 - August 20) and up $48,016 (9.2%) from the same time one year ago.
Inventory Change
There were 48 3-bedroom homes listed in St. Thomas over the last 30 days (August 21 - September 19), which is up 41.2% compared with the previous 30 day period (July 22 - August 20) and up 2,300.0% compared with the same period last year.
Sold Price Above/Below Asking ($)
3-bedroom homes in St. Thomas typically sold ($7,622) (1.3%) below asking price over the last 30 days (August 21 - September 19), which represents a $3,599 increase compared to the previous 30 day period (July 22 - August 20) and $5,135 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 (August 21 - September 19) stood at 72.9%, down from 108.8% over the previous 30 days (July 22 - August 20) and down from 100.0% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 3-bathroom home in St. Thomas stood at 24 days when successfully sold over the last 30 days (August 21 - September 19), compared to 66 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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