John DiRenzo, Sales Representative • Phone: 519-857-3490 • https://www.homechannel.ca RE/MAX Centre City John DiRenzo Team Brokerage

38 Hincks Street, St. Thomas, ON, N5R 3N6 | MLS 40565525

St. Thomas Real Estate Listings - (More Available)
38 Hincks Street, St. Thomas

Brokered by: PRIME REAL ESTATE BROKERAGE

MLS® ID 40565525

$574,000.00 For Sale | Residential Income

FOR SALE
Type: Residential Income 
Property Type: Multi-3 Unit
MLS® District: St. Thomas / SW
County: Elgin
Postal Code: N5R 3N6
Year Built: 1910
New Construction Y/N:  No
Stories Total: 2.5
Bedrooms Total:  3
Number Of Units Total:  3


     
Directions: From Talbot St, turn South on Hincks. Parking on the street.
Exterior Features: Separate Hydro Meters
Interior Features: Separate Hydro Meters
Appliances:  Built-in Microwave,Microwave,Dishwasher,Dryer,Refrigerator,Stove,Washer
Inclusions:  Built-in Microwave,Microwave,3 Fridges, 2 Stoves, 1 Dishwasher, 1 Microwave, 1 Washer, 1 Dryer
Exclusions:  Stove In Unit 1, 1 Hot Water Heater Owned By Tenant In Unit 1, Tenant Belongings
Lot Depth:  106.34
Lot Size: 106.34 x 20.25 20.25  Fronting: West
Lot Features:  Rectangular,Dog Park,City Lot,Near Golf Course,Hospital,Library,Open Spaces,Park,Place of Worship,Playground Nearby,Public Parking,Rec./Community Centre,Regional Mall,Schools,Trails
Acres Range:  < 0.5

Driveway Parking:  Street Parking Only
Parking Total:  0
Open Parking Spaces:  0

Building Area Total Aprx.:  1850 Square Feet
Finished SqFt Aprx. (Above Grade):  1850 Square Feet
Laundry Features:  Common Area,Shared
Roof:  Asphalt Shing
Basement:  Full,Unfinished
Sewer:  Sewer (Municipal)
Water:  Municipal
Heating:  Baseboard,Forced Air,Natural Gas
Cooling:  Wall Unit(s),None
Fireplace Y/N:  false
Crops Included Y/N:  No
Net Income:  2805
WaterFront Y/N:  No
Other Structures:  Shed(s)
Foundation Details:  Block
Insurance Expense:  191
Expenses:  Actual
Utilities Expense:  30


Remarks: 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.


Nearby Schools - What's For Sale Near?


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38 Hincks Street, St. Thomas ON N5R 3N6 | MLS ID® 40565525
For More Information or Schedule a Showing, send John a Message or Call 519-857-3490
John DiRenzo, Sales Representative | RE/MAX Centre City John DiRenzo Team Brokerage


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Restaurant / Cafe
  • Le Cafe Siam
  • 392 Talbot St
    St Thomas, ON N5P
    0.2 km
  • Manx Arms
  • 373 Talbot St
    St Thomas, ON N5P 1B7
    0.3 km
  • Why Not Cookies Cafe
  • 373 Talbot St
    St Thomas, ON N5P 1B7
    0.3 km
  • Why Not Cookies Cafe
  • 373 Talbot St
    St Thomas, ON N5P 1B7
    0.3 km
  • Bella Jacks Mexican Cantina
  • 437 Talbot St
    St Thomas, ON N5P
    0.3 km
  • Talbot Subs & Sandwiches
  • 349 Talbot St
    St Thomas, ON N5P 1B7
    0.3 km
  • LOTUS Thai Restaurant
  • 295 Talbot St
    St Thomas, ON N5P 1B5
    0.3 km
  • Lucky Kitchen Chen
  • 515 Talbot St
    St Thomas, ON N5P
    0.4 km
Shopping
  • Corporate It Solutions
  • 10 Hincks St
    St Thomas, ON N5R 3N4
    0.2 km
  • Econo Printer Cartridges
  • 1 Hincks St
    St Thomas, ON N5R 3N5
    0.2 km
  • Shoppers Drug Mart
  • 410 Talbot St
    St Thomas, ON N5P 1B9
    0.2 km
  • Railway City Vapes
  • 370 Talbot St
    St Thomas, ON N5P 1B6
    0.3 km
  • Total Foot Solutions
  • 361 Talbot St
    St Thomas, ON N5P 1B7
    0.3 km
  • Mugford Shoes
  • 429 Talbot St
    St Thomas, ON N5P 1C1
    0.3 km
  • Now & Zen Thrift Emporium
  • 349 Talbot St
    St Thomas, ON N5P 1B7
    0.3 km
  • Ted`s Place
  • 431 Talbot St
    St Thomas, ON N5P 1C1
    0.3 km
  • Wind N Willow
  • 435 Talbot St
    St Thomas, ON N5P 1C1
    0.3 km
  • J & J Liquidation
  • 339 Talbot St
    St Thomas, ON N5P 1B5
    0.3 km
  • Tabby`s Treasures Gift Shop
  • 335 Talbot St
    St Thomas, ON N5P 1B5
    0.3 km
  • Maestro Music Academy
  • 323 Talbot St
    St Thomas, ON N5P 1B5
    0.3 km
Parks / Recreation
  • Rail City Brazilian Jiu Jitsu
  • 456 Talbot St
    St Thomas, ON N5P 1B9
    0.3 km
  • Tru for U Health, Fitness & Spa
  • 459 Talbot St
    St Thomas, ON N5P 1C1
    0.3 km
  • Crazy Joe`s Gym
  • 503 Talbot St
    St Thomas, ON N5P 1C3
    0.3 km
  • Bowen Brazilian Jiu Jitsu and Kickboxing Academy
  • 491 Talbot St
    St Thomas, ON N5P 1C3
    0.3 km
  • Precision Tae Kwon do
  • 112 Curtis St
    St Thomas, ON N5P 4A5
    0.4 km
  • Reps Sports & Fitness Training
  • 562 Talbot St
    St Thomas, ON N5P 1C4
    0.4 km
  • Elite Karate Club
  • 36 St Catharine St
    St Thomas, ON N5P 2V8
    0.6 km
  • Jonas Park
  • Jonas St
    St Thomas, ON N5R
    0.8 km
  • Athletic Park
  • St George St
    St Thomas, ON N5P
    0.9 km
  • St. Thomas Gun Club
  • St George St
    St Thomas, ON N5P
    0.9 km
  • Barnes Park
  • Wellington St
    St Thomas, ON N5R
    1.1 km
  • Cowan Park
  • 125 St George St
    Central Elgin, ON N5P
    1.3 km