$574,000

38 Hincks St

SW, St. Thomas, Ontario, N5R 3N6

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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.

Property Info
MLS®: X8487162
Listing Courtesy of PRIME REAL ESTATE BROKERAGE
Total Bedrooms 3
Total Bathrooms 3
Basement Unfinished
Floor Space 0 sq.ft.
Lot Size 2153 sq.ft.
Style 3-Storey
Last Updated 2024-06-28
Property Type Triplex
Listed Price $574,000
Unit Pricing $574,000/sq.ft.
Strata Fee $
Tax Estimate $2,710/Year
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