24 Flora Street
St. Thomas, St. Thomas, N5P 2X4
FOR SALE
$788,888
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5 + 2
BEDROOMS 4
BATHROOMS 1 + 1
KITCHENS 10 + 5
ROOMS X14169536
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Property Description
.Step into the charm and character of this beautifully maintained 2.5-storey Century home, originally built in 1912, where timeless architecture meets modern convenience. Located in a desirable downtown St. Thomas neighborhood, this spacious and versatile property offers an incredible combination of character, functionality, and income potential. With an impressive 7 bedrooms, 2 kitchens, 3 full bathrooms, a powder room, and 2 separate laundry areas, the possibilities are endless. Whether you're looking for a spacious family home, multi-generational living, an investment property, or the opportunity to offset your mortgage with rental income, this home offers the flexibility to make it happen. The fully renovated lower level features its own separate entrance, kitchen, two bedrooms, full bathroom, and laundry, making it ideal for an in-law suite or additional rental opportunity. Outdoor living is just as appealing, with three rear decks, a spacious 16' x 16' ground-level deck, a 10' x 10' storage shed, and parking for up to six vehicles. Numerous updates add to the home's appeal, including windows and exterior doors (2022), furnace (2023), eavestroughs (2024), plumbing improvements, and a durable metal roof. Previously operated as a successful Airbnb, the upper-level accommodations have achieved Superhost and Guest Favourite recognition, showcasing the property's established income potential. An added bonus is the opportunity to purchase the home fully furnished, making it a convenient turnkey option for investors or buyers looking to get started right away. Enjoy the convenience of downtown living, just steps from CASO Railway Station and within walking distance to local restaurants, grocery stores, parks
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Sold History
| List Date | Sold Date | Days Listed | List Price | Sold Price |
|---|---|---|---|---|
| 2024-05-14 | 2024-06-26 | 43 | $699,900 | $685,000 |
Property Features
Hospital, Library, Park, Public Transit, Place Of Worship, School, Accessory Apartment, Carpet Free, Guest Accommodations, In-Law Capability, In-Law Suite, Water Heater Owned
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Property Details
Address
24 Flora Street
Community
City
Postal Code
N5P 2X4
Property Type
Duplex, Duplex
Lot Size
48' x 107'
Taxes
$3,151 (2025
Basement
Apartment, Separate Entrance, Finished
Exterior
Porch, Privacy, Deck
Heat Type
Forced Air
Heat Source
Gas
Water
Municipal
Parking Spaces
6
Garage Type
None
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Listing contracted with Exp Realty
INVESTMENT OPPORTUNITY AWAITS - This turnkey Duplex with a legal basement apartment is located on a large 70' wide lot on a quiet street in the heart of St Thomas and close to all amenities. MAIN FLOOR UNIT - Accessed through the side door, this unit features 2 Bedrooms, Livingroom, Kitchen with Refrigerator and Stove included, and 4 Piece Bath - Currently vacant but lease potential of $1,800 per month Plus 1/2 Hydro. UPPER UNIT - Accessed through the front door, this unit features 2 Bedrooms, Livingroom, Kitchen with Refrigerator and Stove included and a 3 piece Bath - Currently leased at $1,550 per month on a month - month basis plus hydro. BASEMENT UNIT - Access is through the rear door and features 1 Bedroom with a fire coded egress window, Livingroom, Kitchen with Refrigerator and Stove included, and a 3 Piece Bath - Currently rented at $1,050 per month + 1/2 hydro. UTILITIES - Landlord pays for Enbridge gas heat and common hydro usage, 3 electrical meters - one for upper, one for main and basement and 1 for common area and the 3 Hot water tanks are owned. OUTSIDE - The double wide paved drive is large enough to handle 3-4 vehicles with access to the Garage for storage of lawn equipment. LAUNDRY - A condensing Washer and Dryer unit is located in each unit for use by the tenants. SAFETY - Smoke and CO Detectors on all 3 levels are linked to provide added safety. INCOME AND EXPENSES - Based on 2025 costs - Insurance $2,787.92, Enbridge Gas $1,079.36, Property Taxes $2,738.00, Entegrus hydro/water/sewer $1,152 offering a 7.5% CAP Rate. ADDITIONAL RESIDENTIAL UNITS - Explore adding Additional Residential Units in the rear / side yard or possibly severing the side yard to increase the investment potential of this property. NEXT STEPS - With the explosive growth happening in St Thomas, don't wait to schedule an appointment today to checkout your next invest opportunity
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