Welcome to 40 Schreyer Drive, a charming detached bungalow in the desirable Lake Margaret area. This inviting home offers 2 bedrooms and a full bathroom on the main floor, along with a bright kitchen featuring a walkout to the deck and fully fenced backyard-perfect for relaxing or entertaining.The home has been freshly painted throughout and offers comfortable, functional living space, while the finished basement provides additional room for family, hobbies, a home office, or whatever suits your needs. A single-car garage adds convenience and storage, and the newer roof (2021) provides added peace of mind.Situated in a mature, welcoming neighbourhood, you'll enjoy walking trails just steps from your door and the natural beauty of Lake Margaret nearby. With its great location, flexible living space, and move-in-ready appeal, this bungalow is well worth a look!
2 bedrooms, 2 bathrooms, about 700 sq ft, works out to roughly $757 per square foot, the bed-to-bath ratio is generous. Chat with Zara if you'd like a deeper read on whether this detached fits your budget and timing.
Inside 40 Schreyer Dr
Every detail from the listing, in one place.
Type
Detached
Style
Bungalow
Living space
700-1100 sq ftas stated on the listing
Lot size
57.58 x 110.09
Parking
3 spaces
Basement
Full
Features & systems
Parking & garage
Parking spaces
3
Interior
Basement
Full
Lot & land
Lot dimensions
57.58 x 110.09
Lot size (sqft)
0
Listing & possession
Property style
Bungalow
Property class
Detached
40 Schreyer Dr Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® X13727072$529,900
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 40 Schreyer Dr Compares to the St. Thomas Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
Independent mortgage broker · OAC · rates subject to change and underwritingMortgage Squad →
Referral disclosure: Summitly may refer you to Mortgage Squad Advisors, an affiliated mortgage partner. You are free to choose any lender or mortgage professional.
Monthly cost
Enter a rate to see the monthly cost
An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$2,603
/mo
based on the purchase price of $529,900
$105,980 cash
$423,920 financed
$357,052 total interest
Principal54%$423,920
Interest46%$357,052
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
Want rate-drop alerts and a saved shortlist?
Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.
Rental income potential
Est. monthly rent
low–high
Gross yield
rent × 12 ÷ price
Cap rate (est.)
net of tax + fees
Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.
For homeowners nearby
Own a home on Schreyer Drive? See what yours is worth
Get an instant estimate for your own home, based on recent sales around you. A free account shows the number and emails you the full report.
Free · No obligation · Backed by Coldwell Banker
Book a tour of 40 Schreyer Dr with a licensed buyer's agent
Your agent is usually paid from the seller's side. We'll confirm the co-operating commission on this listing before you sign anything.
Zara, any time
Zara · AI virtual agent
Ask about 40 Schreyer Dr day or night. Zara reads this listing and answers in plain words. When you want a person, she hands you to a licensed agent.
A licensed local agent
Your agent shows you the home, checks the paperwork and negotiates your offer, on your side, not the seller's.
Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Similar homes for sale nearby in St. Thomas
Other 2–5 bed homes for sale in St. Thomas around $530K.
Average days on market44Homes sold in about 44 days on average.
Sale-to-list ratio97.5%On average, homes sold below asking.
Active listings255Homes for sale here right now.
Median vs prior 90 days−2.9%Compared with Apr 26 – Jul 25, 2026: prices down.
Based on 236 sales from Jul 25 – Oct 23, 2026 (163 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 40 Schreyer Dr
How much is 40 Schreyer Dr listed for?
40 Schreyer Dr is listed at $529,900 (MLS® X13727072). Summitly updates the price as soon as the MLS® record changes.
Is $529,900 a good price for 40 Schreyer Dr?
Summitly rates it Well Above Market: the asking price is 15% or more above Zara's estimate, an estimate built from recent sales in St. Thomas. The rating is an automated opinion, not an appraisal; "What's it worth?" on this page shows how it is worked out. See Zara's estimate
Has the price of 40 Schreyer Dr changed?
No — 40 Schreyer Dr is still listed at its original asking price of $529,900.
How many bedrooms and bathrooms does 40 Schreyer Dr have?
40 Schreyer Dr has 2 bedrooms and 2 bathrooms, with about 700–1,100 square feet of living space. It is a detached home in St. Thomas.
How much would the monthly mortgage be on 40 Schreyer Dr?
About $2,603 a month — principal and interest on $529,900 with 20% down ($105,980), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.
How does 40 Schreyer Dr compare with other homes in St. Thomas?
Its asking price of $529,900 is about the same as the median sold price in St. Thomas over the last 90 days, $525,000, across 236 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 40 Schreyer Dr been sold before?
Summitly has no earlier MLS® sale or lease of 40 Schreyer Dr on record from the last two years. Older records aren't shown under TRREB rules.
Where is 40 Schreyer Dr?
40 Schreyer Dr is in St. Thomas, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 40 Schreyer Dr been on the market?
53 days — 40 Schreyer Dr was listed on August 31, 2026.
What is the price per square foot of 40 Schreyer Dr?
About $482 to $757 per square foot: the asking price of $529,900 over the 700–1,100 sq ft the listing gives as its size range.
Does 40 Schreyer Dr have parking or a garage?
Yes — the listing gives 3 parking spaces.
Does 40 Schreyer Dr have a basement, and is it finished?
