3 Smith Ave
St. Thomas, St. Thomas, N5R 4A9
FOR SALE
$434,900
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4
BEDROOMS2
BATHROOMS1 + 1
KITCHENS11 + 3
ROOMSX12010034
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Property Description
Attention all investors, first time home buyers and mortgage helpers!! 3 Smith Avenue is an excellent investment property located in the desirable neighbourhood of Lyndale, SOUTH of Wellington street in St Thomas. This well maintained property has two units with two bedrooms and 4pc baths in each. Tenants can also utilize their own privately assigned decks, located in the front, and side of the home. Separate meters will keep the utilities easy to assign.The lower unit has an eat in kitchen, dining room, and interior access to the basement laundry, boasting 2 washers and 1 dryer. It is currently rented for $877 + hydro and is eligible for a 2025 rent increase. The upper tenant can enjoy large, newer vinyl windows spreading tons of light throughout the kitchen, living room and bedrooms. It is currently vacant, awaiting you to assign your own rental pricing. Updates include a new roof in 2022.Extra storage available to tenants via the basement and two large garden sheds.Buy now to start your investment portfolio, or easily convert the home back to a single family dwelling. Competitively priced. Book a viewing now. 3 Smith Ave. won't last long.
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Property Features
Arts Centre, Fenced Yard, Park, Place Of Worship, Public Transit, School
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Property Details
Street
Community
City
Property Type
Duplex, 2-Storey
Lot Size
45' x 53'
Acreage
< .50
Fronting
West
Taxes
$2,130 (2024)
Basement
Full, Unfinished
Exterior
Vinyl Siding
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
None
Water
Municipal
Parking Spaces
3
Driveway
Pvt Double
Garage Type
None
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Living | Main | 12.07' x 15.32' | |
| Kitchen | Main | 11.29' x 14.07' | Eat-In Kitchen |
| Br | Main | 9.38' x 13.42' | |
| Br | Main | 9.74' x 11.29' | |
| Kitchen | 2nd | 7.58' x 8.27' | |
| Living | 2nd | 11.09' x 21.98' | |
| Br | 2nd | 7.51' x 10.50' | |
| Br | 2nd | 7.58' x 9.51' | |
| Laundry | Bsmt | 18.34' x 28.81' |
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St. Thomas Market Statistics
St. Thomas Price Trend
3 Smith Ave is a 4-bedroom 2-bathroom home listed for sale at $434,900, which is $161,372 (27.1%) lower than the average sold price of $596,272 in the last 30 days (January 21 - February 19). During the last 30 days the average sold price for a 4 bedroom home in St. Thomas increased by $98,272 (19.7%) compared to the previous 30 day period (December 22 - January 20) and up $374,693 (169.1%) from the same time one year ago.Inventory Change
There were 14 4-bedroom homes listed in St. Thomas over the last 30 days (January 21 - February 19), which is up 55.6% compared with the previous 30 day period (December 22 - January 20) and up 366.7% compared with the same period last year.Sold Price Above/Below Asking ($)
4-bedroom homes in St. Thomas typically sold ($23,554) (4.0%) below asking price over the last 30 days (January 21 - February 19), which represents a $216,417 increase compared to the previous 30 day period (December 22 - January 20) and ($4,930) 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 4-bedroom homes in St. Thomas over the last 30 days (January 21 - February 19) stood at 78.6%, up from 77.8% over the previous 30 days (December 22 - January 20) and down from 47,466.7% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 4-bedroom 2-bathroom home in St. Thomas stood at 71 days when successfully sold over the last 30 days (January 21 - February 19), compared to 74 days before being removed from the market upon being suspended or terminated.Listing contracted with Sutton Group - Select Realty
Similar Listings
ATTENTION INVESTORS!! Welcome to 8 Metcalfe St in historic St. Thomas! This Up + Down Brick Duplex situated in a prime location downtown with countless amenities all within steps from the front door, plus a quick drive to London, HWY 401, & Port Stanley beach. The MAIN floor (including unfinished basement) is currently vacant (previously rented at $1350 + hydro) and offers 1 spacious bedroom, a 3piece bath, updated kitchen, large living room & dining room plus a full unfinished lower level (future development potential?) with additional storage space & laundry. This unit includes a separate hydro meter. The UPPER unit is also currently vacant (previously rented for $1500 + hydro and water) and offers 2 bedrooms, living room, a full 4piece bath, plenty of living space & lots of natural light. As an added bonus, there is an attic space accessed from this unit. Great storage space can be found here or again, potential for further development! This unit includes a separate hydro meter. Updated furnace & central air in 2023. Some additional notable updates include: newer shingles, windows, flooring, electrical panels & insulation. This property offers a great opportunity in an excellent location to owner occupy or add on to your income property portfolio! C1 zoning also provides additional potential for commercial opportunities. Parking, if required, can be obtained via a municipal parking pass.
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