56 Mondamin Street, St. Thomas

$350,000
56 Mondamin Street

$350,000

New
24d
DetachedBungalow

56 Mondamin Street, St. Thomas

Total Monthly Obligation $1,955

Beds
2
Baths
1
Park
4
Sqft
700-1100
DOM
24d
Score
27
Yield
7.0%
Cash on Cash
5.7%
Cap Rate
5.8%
5Y IRR
20.1%
10Y IRR
18.4%
Property Type-Detached
MLS® Number-X13850666
Beds-2
Bathrooms-1
Size-700-1100 sqft
Lot Size-96.53 × 39.09 ft
Listed on site-Sep 29, 2026
Style-Bungalow
Building Type-Detached
Age-100+
Taxes-$2,013 (2026)
Parking-4 - None
Basement-Half, Partial Basement, Unfinished
Heating-Forced Air (Other)
Brokerage-ROYAL LEPAGE TRILAND REALTY
Cooling-None
Laundry-No
Fireplace-No
Pool-None
Facing-West
Exterior-Vinyl Siding
Roof-Shingles
Foundation-Concrete Block
Sewer-Sewer
Possession-IMMEDIATE
Neighbourhood-St. Thomas
Title-Residential Freehold

No agent assigned

Welcome to 56 Mondamin Street, located two blocks from the heart of downtown St. Thomas, with easy walking access to shops, the public library, heath care facilities, municipal government services and a diverse selection of dining establishments. Put on your walking shoes, and take a tour of a wide array of some really good ethnic culinary choices, stop at the library on your way home and pick up your reading for the week, and pull up a chair on your small, private deck, and just chill. Everything in this compact home has been redone; the walls were stripped back and the old has been removed. New insulation, electrical, plumbing, kitchen, bathroom, bedrooms and flooring inside, outside new siding, soffit and fascia, doors, windows, and deck are only a partial list of the home's improvements. Every detail in this remodel has been thoughtfully considered, and excellently implemented. Municipal inspections have accompanied all work. This home would be ideal for a senior couple to enjoy without issue, or a single Mom with no time or resources to address any problems arising from a bad renovation. I am confident this property will provide a safe and stress free subsistence. Immediate occupancy is available. I invite you to take the tour and determine if this sweet one floor home might be just what you have been looking for.

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(utilities, internet...)
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%
%

Closing Costs

Mortgage Amount
$280,000
Land Transfer Taxes$3,725
Legal Fees (Est.)
$
Total cash required for closing$75,225

Total Monthly Obligation

$1,955/mo
Mortgage $1,412
Monthly Loss $1,583
Principal$372
Interest$1,040
Property Tax$168
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
4.5%32
Cash-on-Cash
-1.8%5
5-Year IRR
14.3%67
10-Year IRR
14.1%
Returns Index
35.0/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
27/ 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
$24,564/yr
NOI
$15,595/yr
Net Cash Flow
-$112/mo
Cash Margin
-5.5%2
Cash Flow Index
1.6/ 100
Risk Profile
Weight: 20%
DSCR
0.9221
LTV Ratio
80.0%18
Vacancy Buffer
4.9 mo82
Risk Index
40.3/ 100

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

Comparables

Properties near 56 Mondamin Street

Time

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