38 Hincks St

For Sale 61 Days
$514,000
3 beds
3 baths

38 Hincks St

For Sale 61 Days
$514,000
3 beds
3 baths

Highlights

Key insights

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 (id:63267)

NICK VERGEER of PRIME REAL ESTATE BROKERAGE,
#X12354936
updated 6 days ago.
Houseful checked MLS® for data 6 days ago.

Home overview

Amenities / Utilities
  • Heat source
    Natural gas
  • Heat type
    Forced air
  • Sewer/ septic
    Sanitary sewer
Exterior
  • # total stories
    2
  • Fencing
    Fenced yard
Interior
  • # full baths
    3
  • # total bathrooms
    3.0
  • # of above grade bedrooms
    3
Location
  • Subdivision
    St. thomas
Overview
  • Lot size (acres)
    0.0
  • Listing #
    X12354936
  • Property sub type
    Multi-family
  • Status
    Active
Rooms Information metric
  • Office
    2.74m X 2.54m
    Level: 2nd
  • 2nd bedroom
    3.91m X 2.51m
    Level: 2nd
  • Living room
    3.61m X 2.51m
    Level: 2nd
  • Kitchen
    2.49m X 2.97m
    Level: 2nd
  • Bathroom
    3.25m X 2.08m
    Level: 2nd
  • Living room
    4.22m X 5.23m
    Level: 3rd
  • Kitchen
    3.28m X 2.95m
    Level: 3rd
  • 3rd bedroom
    3.07m X 3.25m
    Level: 3rd
  • Bathroom
    1.32m X 2.16m
    Level: 3rd
  • Living room
    6.63m X 3.25m
    Level: Main
  • Bedroom
    3.58m X 2.62m
    Level: Main
  • Bathroom
    1.27m X 1.78m
    Level: Main
  • Kitchen
    3.61m X 2.44m
    Level: Main
SOA_HOUSEKEEPING_ATTRS
  • Listing source url
    Https://www.realtor.ca/real-estate/28756039/38-hincks-street-st-thomas-st-thomas
  • Listing type identifier
    Idx

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The Home Overview listing data and Property Description above are provided by the Canadian Real Estate Association (CREA). All other information is provided by Houseful and its affiliates.
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