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38 Hincks Street St. Thomas, Ontario N5R 3N6

3 Bedroom 3 Bathroom
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:20872)

Property Details

MLS® Number X8487162
Property Type Single Family
Community Name SW
Amenities Near By Hospital, Place Of Worship, Schools, Park
Community Features Community Centre

Building

Bathroom Total 3
Bedrooms Above Ground 3
Bedrooms Total 3
Amenities Separate Electricity Meters
Appliances Dishwasher, Dryer, Microwave, Refrigerator, Stove, Two Stoves, Washer
Basement Development Unfinished
Basement Type Full (unfinished)
Cooling Type Wall Unit
Exterior Finish Brick
Foundation Type Block
Heating Fuel Natural Gas
Heating Type Forced Air
Stories Total 3
Type Triplex
Utility Water Municipal Water

Parking

Street

Land

Acreage No
Land Amenities Hospital, Place Of Worship, Schools, Park
Sewer Sanitary Sewer
Size Depth 106 Ft
Size Frontage 20 Ft
Size Irregular 20.25 X 106.34 Ft
Size Total Text 20.25 X 106.34 Ft|under 1/2 Acre
Zoning Description R4

https://www.realtor.ca/real-estate/27102996/38-hincks-street-st-thomas-sw

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