38 Hincks Street, St. Thomas ON

About 38 Hincks Street

Calling all investors!! This all-brick turnkey TRIPLEX is cash flowing very nicely at current interest rates. All three units feature 1 bedroom and 1 bathroom and comes 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, $1375 and $1100 per month ($39,540 Annually) and tenants cover all utilities other than the common area/basement (landlord pays roughly $30-$50/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 (id:56071). Get more information on 38 Hincks Street

Property Features

Appliances:  Dishwasher, Dryer, Microwave, Two stoves, Washer, Refrigerator
Rental Equipment:  Water Heater
Directions:  Elgin & Wellington
Zoning Description:  R4
Interior Size:  2000 - 2500 sqft
Fence:  Fenced yard
Amenities:  Separate Electricity Meters
Lot:  20.3 x 106.3 FT|under 1/2 acre 20.3 x 106.3 FT
Exterior Finish:  Brick
Water:  Municipal water, Sanitary sewer
Heating / Cooling:   Natural gas /
Age: 100+ years
Foundation: Block
Basement:  Full (Unfinished) Unfinished

Rooms & Sizes

Office Second level 2.74 m x 2.54 m	Living room Second level 3.61 m x 2.51 m	Bedroom 2 Second level 3.91 m x 2.51 m
Kitchen Second level 2.49 m x 2.97 m	Bathroom Second level 3.25 m x 2.08 m	Bedroom 3 Third level 3.07 m x 3.25 m
Kitchen Third level 3.28 m x 2.95 m	Bathroom Third level 1.32 m x 2.16 m	Living room Third level 4.22 m x 5.23 m
Living room Main level 6.63 m x 3.25 m	Bedroom Main level 3.58 m x 2.62 m	Bathroom Main level 1.27 m x 1.78 m
Kitchen Main level 3.61 m x 2.44 m