Generate $1600/month in short-term or long-term rental income while living comfortably upstairs! The best part: you won't be spending a dollar on major home upgrades for years to come. This beautifully renovated bungalow has been updated from top to bottom with quality workmanship throughout, offering turnkey living with exceptional flexibility and income potential.The main floor features two spacious bedrooms, a bright living room with electric fireplace, a stunning kitchen, a stylish four-piece bathroom, and the convenience of main-floor laundry. A separate entry leads to the fully finished lower level, complete with a second kitchen, three-piece bathroom, additional laundry, and two generous bonus rooms (add egress windows for conversion to legal bedrooms-contractor contacts upon request) . The lower level presents an excellent potential for short-term rental income in a location where there would be high demand. Major updates include the furnace, central air, roof, windows, and vinyl siding-providing true move-in-ready peace of mind. Outside, enjoy a huge fully fenced backyard with mature trees, multiple garden sheds, a beautiful covered rear patio, and a spacious outdoor living area perfect for entertaining. The brand-new asphalt driveway offers ample parking.Located steps from the downtown commercial district, restaurants, shops, and everyday amenities, this property boasts outstanding walkability and long-term value. Whether you're an owner-occupier looking to offset your mortgage or an investor seeking a turnkey opportunity in a high-demand location, this home delivers on lifestyle, income potential, and peace of mind.
Property Type:
Residential Freehold
Property Sub Type:
Detached
Home Style:
Bungalow
Total Approx Floor Area:
700-1100
Lot Depth:
122'5"37.3 m
Lot Frontage:
59'10"18.2 m
Direction Faces:
North
Bedrooms:
2
Bathrooms:
2.0
Water supply:
Municipal
Kitchens:
2
Bedrooms Above Grade:
2
Kitchens Above Grade:
2
Rooms Above Grade:
13
Zoning:
R3
Heating type:
Forced Air
Heating Fuel:
Gas
Fireplaces:
1
Foundation:
Unknown
Roof:
Asphalt Shingle
Basement:
Finished
Fireplace Features:
Electric
Fireplace/Stove:
Yes
Garage:
None
Garage Spaces:
0.0
Parking Features:
Private Double
Parking Spaces:
8
Total Parking Spaces:
8.0
Family Room:
No
Possession Details:
60 days
Pool:
None
Link:
No
HST Applicable To Sale Price:
Included In
Taxes:
$2,462 /
2025
Assessment:
$- /
-
Elgin
St. Thomas
St. Thomas
Water Heater Owned
none
Built-in microwave, dryer, washer, hot water tank owned, refrigerator, stove, window coverings, water softener, lower level washer and dryer, lower level fridge, stove, microwave.
Data was last updated January 19, 2026 at 05:15 PM (UTC)
Area Statistics
Listings on market:
127
Avg list price:
$635,000
Min list price:
$299,900
Max list price:
$1,245,000
Avg days on market:
52
Min days on market:
3
Max days on market:
710
These statistics are generated based on the current listing's property type
and located in
St. Thomas. Average values are
derived using median calculations. This data is not produced by the MLS® system.
This website may only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate of the type being offered via the website.
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of the PropTx MLS®. The data is deemed reliable but is not guaranteed to be accurate.