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6 Pearl Street

St. Thomas, N5P 2N8·MLS® X13597086·

Listing courtesy of Re/max Tri-county Realty INC Brokerage·Updated 14 hours ago

For sale
1 / 15
2Beds
1Baths
700-1,100Sqft
Year Built

Listing price

$599,900

Est. $2,857/mo

Days on market

2

Listed Jul 23, 2026

Description

Exceptional Development Opportunity - 1.43 Acres in Growing St. ThomasDiscover the potential of this rare 1.43-acre property, ideally situated on a quiet dead-end street in a peaceful, established neighbourhood. The existing residential home provides the opportunity for rental income while you plan your future development. With the potential for a multi-residential building of up to three storeys (subject to municipal approvals), this property offers an outstanding opportunity for investors, developers, or anyone looking to build a long-term income-producing asset. It may also be well suited for a seniors' multi-unit housing project or other residential development opportunities. Located in the rapidly growing community of St. Thomas, you'll enjoy convenient access to everything the city has to offer, including restaurants, grocery stores, schools, medical services, and recreational amenities. Plus, Highway 401 is just a 20-minute drive away, providing excellent connectivity for commuters and residents alike. Don't miss this exceptional opportunity to invest in one of Southwestern Ontario's fastest-growing communities.

Property details

Garage

4 car Detached

Basement

None

Parking

16 spaces

Type

Multiplex — Bungalow

Heating

Forced Air

Location & neighbourhood

St. Thomas

St. Thomas, ON

Monthly payment estimate

Mortgage (5.24%, 25yr)$2,857
Property tax$650
Insurance (est.)$125
Utilities (est.)$250
Total monthly$3,882

Land transfer tax

Ontario LTT

$8,473

First-time rebate

$4,000

First-time buyer rebate of up to $4,000 may apply. Consult a lawyer for eligibility.

Price & listing history

Jul 23, 2026Listed
$599,900

Investment analysis

Est. monthly rent

$2,400

Rental yield

4.8%

Est. cash flow

-$1,482

Cap rate

3.3%

Best time to sell

Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Peak
Good
Average

Affordability

Minimum household income required

$145,577

Based on 20% down, 5.24% stress test rate, 25yr amortization, 32% GDS ratio.

Not sure about financing? Ask Colin

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Your advisor

Oak and Key Real Estate Brokerage Inc.

Colin Abbott

Real Estate Agent

519-859-4579 · colinabbot@gmail.com

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