24 Centre Street, St. Thomas

$499,900
24 Centre Street

$499,900

New
17d
Detached2-Storey

24 Centre Street, St. Thomas

Total Monthly Obligation $2,664

Beds
3
Baths
2
Park
2
Sqft
1500-2000
DOM
17d
Score
20
Yield
5.3%
Cash on Cash
-1.9%
Cap Rate
4.2%
5Y IRR
14.0%
10Y IRR
13.4%
Property Type-Detached
MLS® Number-X13868042
Beds-3
Bathrooms-2
Size-1500-2000 sqft
Lot Size-52.56 × 80.5 ft
Listed on site-Oct 6, 2026
Style-2-Storey
Building Type-Detached
Age-100+
Taxes-$3,272 (2025)
Parking-2 - None
Basement-Unfinished
Heating-Forced Air (Gas)
Brokerage-LONDON LIVING REAL ESTATE LTD.
Cooling-Central Air
Laundry-No
Fireplace-Natural Gas
Pool-None
Facing-South
Exterior-Wood
Roof-Asphalt Shingle
Foundation-Concrete, Concrete Block
Sewer-Sewer
Possession-Flexible
Neighbourhood-St. Thomas
Title-Residential Freehold

No agent assigned

Set on a tree-lined street in St. Thomas' historic Courthouse District, 24 Centre Street is an immaculately kept home where pride of ownership shows in every room. Original character is paired with practical updates in a surprisingly generous layout. The main floor opens to a spacious hearth and dining area and an elegant front sitting room overlooking the treed front yard. A main-floor bedroom works as a guest suite, home office, or easy single-level living. Upstairs are two bedrooms, including an expansive primary with a generous custom walk-in closet, plus a newly finished 3-piece bath. The kitchen stands out with a vaulted tongue-and-groove knotty pine ceiling that draws in light. Outside, a fully fenced backyard offers a private setting for relaxing, entertaining, or gardening.Well cared for and steps from Talbot Trail, Elevated Park, and everyday amenities, this home offers character and convenience in one of St. Thomas' long-loved neighbourhoods.

$
$
%
%
$
$
$
(utilities, internet...)
$
%
%

Closing Costs

Mortgage Amount
$399,920
Land Transfer Taxes$6,473
Legal Fees (Est.)
$
Total cash required for closing$107,953

Total Monthly Obligation

$2,664/mo
Mortgage $2,016
Monthly Loss $2,133
Principal$531
Interest$1,486
Property Tax$273
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.2%20
Cash-on-Cash
-7.6%1
5-Year IRR
9.7%33
10-Year IRR
10.4%
Returns Index
17.7/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
20/ 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
$26,400/yr
NOI
$15,988/yr
Net Cash Flow
-$684/mo
Cash Margin
-31.1%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.669
LTV Ratio
80.0%18
Vacancy Buffer
3.6 mo62
Risk Index
29.6/ 100

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

Comparables

Properties near 24 Centre Street

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.

Data is provided courtesy of PropTx.

The information provided herein must only be used by consumers who have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial or other purpose.

Listing information is deemed reliable but not guaranteed accurate by PropTx or TRREB.

REALTOR®, REALTORS®, and the REALTOR® logo are certification marks owned by REALTOR® Canada Inc. and licensed exclusively to the Canadian Real Estate Association (CREA).

The MLS® trademark and MLS® logo are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.

Data last updated within the past 24 hours.