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38 Hincks Street St. Thomas, Ontario N5R 3N6

3 Bedroom 3 Bathroom 1850 sqft
Wall Unit 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:18082)

Property Details

MLS® Number X8287166
Property Type Business
Community Name SW
AmenitiesNearBy Recreation, Hospital
EquipmentType Water Heater
RentalEquipmentType Water Heater

Building

BathroomTotal 3
BedroomsTotal 3
Appliances Dishwasher, Dryer, Microwave, Refrigerator, Stove, Two Stoves, Washer
BasementType Full
CoolingType Wall Unit
ExteriorFinish Brick
FoundationType Block
HeatingFuel Natural Gas
HeatingType Forced Air
SizeInterior 1850 Sqft
UtilityWater Municipal Water

Land

Acreage No
LandAmenities Recreation, Hospital
Sewer Sanitary Sewer
SizeDepth 106 Ft
SizeFrontage 20 Ft
SizeIrregular Unit=20.25 X 106.34 Ft
SizeTotalText Unit=20.25 X 106.34 Ft|under 1/2 Acre
ZoningDescription R4

https://www.realtor.ca/real-estate/26830549/38-hincks-street-st-thomas-sw

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