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38 Hincks Street St. Thomas, Ontario N5R 3N6

3 Bedroom 3 Bathroom 1850
None, Wall Unit Baseboard Heaters, Forced Air

$574,000

Calling all investors!! This all-brick turnkey TRIPLEX is cash flowing at current interest rates. All three units feature 1 bedroom and 1 bathroom and come fully tenanted with A+ tenants. Investors will love the separately metered hydro, water and gas for all units(gas meters for Units 1 & 2, Unit 3 has electric heat and no gas). Units 2 and 3 have had plenty of updates/upgrades in the past 5 years such as floors, kitchens, appliances and lighting fixtures. Unit 1 received a new kitchen, including new fridge, dishwasher and microwave range hood, laminate flooring in kitchen and bathroom, as well as tub surround and bathroom sink just 3 years ago. Unit one also has direct access to a fenced in backyard. Each unit has their own hot water tank and a separate furnace for Units 1 & 2. A shared laundry facility is located in the shared basement area that stays perfectly dry due to moisture barriers installed. Current rents are $820, $1150 and $1375 respectively and tenants cover all utilities other than the common area/basement (landlord pays roughly $30/mo). There is an outdoor fire escape ladder for Units 2 & 3. The time to purchase this amazing TURNKEY investment property is NOW, as St Thomas is poised for growth for years to come with the massive VW Battery Plant currently under construction, and the new AMAZON Distribution Plant just minutes away in Talbotville. (id:46638)

Property Details

MLS® Number 40565525
Property Type Multi-family
Amenities Near By Golf Nearby, Hospital, Park, Place Of Worship, Playground, Schools
Community Features Community Centre
Equipment Type Water Heater
Rental Equipment Type Water Heater
Structure Shed

Building

Bathroom Total 3
Bedrooms Total 3
Appliances Microwave, Microwave Built-in
Basement Development Unfinished
Basement Type Full (unfinished)
Constructed Date 1910
Cooling Type None, Wall Unit
Exterior Finish Brick
Heating Fuel Natural Gas
Heating Type Baseboard Heaters, Forced Air
Stories Total 3
Size Interior 1850
Type Triplex
Utility Water Municipal Water

Land

Acreage No
Land Amenities Golf Nearby, Hospital, Park, Place Of Worship, Playground, Schools
Sewer Municipal Sewage System
Size Depth 106 Ft
Size Frontage 20 Ft
Size Total Text Under 1/2 Acre
Zoning Description R4

https://www.realtor.ca/real-estate/26697210/38-hincks-street-st-thomas

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Prime Real Estate Brokerage
302-200 Villagewalk Boulevard
London, Ontario N5X 0A6

(519) 473-9992
www.primebrokerage.ca