205 Erie Street, St. Thomas

$529,900
205 Erie Street

$529,900

New
9d
DetachedBungalow

205 Erie Street, St. Thomas

Total Monthly Obligation $2,772

HausQ Valuation Report
Beds
3
Baths
2
Park
4
Sqft
1100-1500
DOM
9d
Score
23
Yield
6.1%
Cash on Cash
2.0%
Cap Rate
5.0%
5Y IRR
17.1%
10Y IRR
15.9%
Property Type-Detached
MLS® Number-X14034034
Beds-3
Bathrooms-2
Size-1100-1500 sqft
Lot Size-58.96 × 135.58 ft
Listed on site-Oct 14, 2026
Style-Bungalow
Building Type-Detached
Age-51-99
Taxes-$3,117 (2025)
Parking-5 - Detached
Basement-Finished
Heating-Forced Air (Gas)
Brokerage-ROYAL LEPAGE TRILAND REALTY
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-Above Ground
Facing-North
Exterior-Vinyl Siding
Roof-Metal
Foundation-Concrete Block
Sewer-Sewer
Possession-FLEXIBLE
Neighbourhood-St. Thomas
Title-Residential Freehold

No agent assigned

Welcome Home Sweet Home to 205 Erie St. in St. Thomas! Sitting on a generous 58 x 135 ft. lot, this beautifully updated bungalow has been thoughtfully improved and is truly move-in ready. The main floor offers three bedrooms and two full bathrooms. Quality flooring flows throughout, and fresh paint gives the whole home a bright, clean feel. The kitchen has been modernized with new cabinets, countertops, sink, and backsplash. Both bathrooms feature tiled showers, including a gorgeous glass-door shower on the main floor. Additional updates include doors, trim, LED lighting, and an upgraded electrical panel, plus a steel roof, and newer updated windows, furnace, central air, and updated soffits, fascia, and eavestroughs within the last 10 years. The finished basement includes luxury vinyl flooring in the family room and has been professionally waterproofed, giving you confidence and usable space all year round. Outside, you will find a 12.7 x24.9 ft. detached garage, a spacious backyard, a partially covered deck, a fully fenced yard, and four parking spots. Located close to schools, the YMCA, and shopping, this one truly has it all.

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

Closing Costs

Mortgage Amount
$423,920
Land Transfer Taxes$7,073
Legal Fees (Est.)
$
Total cash required for closing$114,553

Total Monthly Obligation

$2,772/mo
Mortgage $2,137
Monthly Loss $2,210
Principal$562
Interest$1,575
Property Tax$260
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
4.0%27
Cash-on-Cash
-3.9%3
5-Year IRR
12.6%55
10-Year IRR
12.7%
Returns Index
28.5/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
23/ 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
$32,088/yr
NOI
$21,262/yr
Net Cash Flow
-$366/mo
Cash Margin
-13.7%0
Cash Flow Index
0.3/ 100
Risk Profile
Weight: 20%
DSCR
0.8316
LTV Ratio
80.0%18
Vacancy Buffer
3.4 mo59
Risk Index
30.9/ 100

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

Comparables

Properties near 205 Erie Street

Time

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