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St. Thomas, ON N5R 3N6,38 HINCKS ST
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St. Thomas, ON N5R 3N6,38 HINCKS ST
St. Thomas, ON N5R 3N6,38 HINCKS ST
St. Thomas, ON N5R 3N6,38 HINCKS ST
St. Thomas, ON N5R 3N6,38 HINCKS ST
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Jethro Seymour

Jethro Seymour

+1(416) 712-0767
$ 514,000
Est. payment /mo
Save
Active

38 HINCKS ST St. Thomas, ON N5R 3N6

3 Beds

2,058 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Investment

Listing Status Active

Purchase Type For Sale

Square Footage 2,058 sqft

Price per Sqft $249

Subdivision St. Thomas

MLS Listing ID X12354940

Bedrooms 3

Annual Tax Amount $2,910

Tax Year 2024

Property Sub-Type Investment

Lot Depth 106.34

Lot Front 20.25

Property Description

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.

Location

Province ON

County Elgin

Community St. Thomas

Area Elgin

Zoning R4

Rooms

Kitchen 0

Interior

Cooling No

Inclusions Built in microwave, 3 Fridges, 2 Stoves, 1 Dishwasher, 1 Microwave, 1 Washer, 1 Dryer

Exterior

Community Features Recreation/Community Centre

Utilities Available Yes

Lot Frontage 20.25

Lot Depth 106.34

Building

Building Age 100+

New Construction false

Others

Security Features Unknown

ParcelsYN No

Listed by PRIME REAL ESTATE BROKERAGE
Jethro Seymour

Jethro Seymour

Broker

+1(416) 712-0767

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38 HINCKS ST

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