32 West Avenue W, St. Thomas

$399,000
32 West Avenue W

$399,000

New
23d
Detached2-Storey

32 West Avenue W, St. Thomas

Total Monthly Obligation $2,229

Beds
4
Baths
2
Park
4
Sqft
1500-2000
DOM
23d
Score
39
Yield
8.3%
Cash on Cash
10.8%
Cap Rate
6.9%
5Y IRR
24.3%
10Y IRR
21.9%
Property Type-Detached
MLS® Number-X13842228
Beds-4
Bathrooms-2
Size-1500-2000 sqft
Lot Size-37.5 × 132 ft
Listed on site-Sep 30, 2026
Style-2-Storey
Building Type-Detached
Taxes-$2,935.5 (2026)
Parking-5 - Detached
Basement-Full, Unfinished, Walk-Up
Heating-Forced Air (Gas)
Brokerage-Gale Group Realty Brokerage Ltd
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-East
Exterior-Aluminum Siding, Vinyl Siding
Roof-Asphalt Shingle
Foundation-Concrete Block
Sewer-Sewer
Possession-Late November
Neighbourhood-St. Thomas
Title-Residential Freehold

No agent assigned

Welcome to 32 West Avenue in St. Thomas! This move-in ready home offers 4 bedrooms and 2 full bathrooms, with the added convenience of a main-floor bedroom, full bathroom, and laundry, ideal for those looking to minimize stairs. Step inside through the enclosed front porch, featuring an abundance of windows and built-in storage, creating the perfect space for coats, shoes, and seasonal items. The main floor offers a functional layout with a spacious living room and an updated eat-in kitchen, great for everyday living and entertaining. Upstairs, you'll find three additional bedrooms and a full bathroom. The primary bedroom features a beautiful attached sunroom, making it a unique home office, reading nook, or relaxing retreat. The basement offers lots of space for storage and easy access from inside or directly from the backyard. Outside, enjoy a large, fully fenced backyard complete with a new covered deck, providing the perfect space to entertain or unwind. The property also offers parking for up to five vehicles, including a detached single-car garage that is ideal for parking, storage, or use as a workshop. With numerous updates in recent years, including the kitchen, bathrooms, flooring, windows, and HVAC system, this home is truly move-in ready. Conveniently located on the quiet southwest side of St. Thomas, you'll enjoy easy access to Port Stanley Beach, South London shopping, parks, recreational facilities, and the city's historic downtown filled with charming local shops and restaurants. Don't miss your opportunity to own this beautifully updated family home with plenty of space to grow!

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$319,200
Land Transfer Taxes$4,460
Legal Fees (Est.)
$
Total cash required for closing$85,760

Total Monthly Obligation

$2,229/mo
Mortgage $1,609
Monthly Loss $1,806
Principal$424
Interest$1,186
Property Tax$245
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
5.6%45
Cash-on-Cash
3.4%16
5-Year IRR
18.5%88
10-Year IRR
17.5%
Returns Index
50.5/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
39/ 100
Avoid•Pass

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$33,000/yr
NOI
$22,265/yr
Net Cash Flow
$246/mo
Cash Margin
8.9%23
Cash Flow Index
22.9/ 100
Risk Profile
Weight: 20%
DSCR
1.1540
LTV Ratio
80.0%18
Vacancy Buffer
4.2 mo73
Risk Index
43.8/ 100

*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 32 West Avenue W

Time

Comparables are calculated within a 3km radius based on properties sold or leased within the past 6 months. This helps you understand the current market value and potential rental yield with high precision.

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Data last updated within the past 24 hours.