38 Hincks Street St. Thomas, Ontario N5R 3N6
$514,000
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:47351)
Business
| Business Type | Residential |
| Business Sub Type | Apartments |
Property Details
| MLS® Number | X12354940 |
| Property Type | Multi-family |
| Community Name | St. Thomas |
| Amenities Near By | Recreation |
| Equipment Type | Water Heater |
| Rental Equipment Type | Water Heater |
Building
| Bedrooms Total | 3 |
| Age | 100+ Years |
| Appliances | Dishwasher, Dryer, Microwave, Washer |
| Heating Fuel | Natural Gas |
| Heating Type | Other |
| Size Interior | 2,058 Ft2 |
| Type | Multi-family |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Land Amenities | Recreation |
| Sewer | Sanitary Sewer |
| Size Depth | 106 Ft ,4 In |
| Size Frontage | 20 Ft ,3 In |
| Size Irregular | 20.25 X 106.34 Ft |
| Size Total Text | 20.25 X 106.34 Ft |
| Zoning Description | R4 |
https://www.realtor.ca/real-estate/28756041/38-hincks-street-st-thomas-st-thomas
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August 20 2025 05:23:18
London and St. Thomas Association of REALTORS®
Prime Real Estate Brokerage