38 HINCKS Street

PRIME REAL ESTATE BROKERAGE

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**38 HINCKS Street, St. Thomas, Ontario, N5R3N6**
Bathrooms3	Bedrooms3
Property TypeMulti-family	Built in1910
Building Area1850

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. (id:53282)

**Details**
Amenities NearbyGolf Nearby, Hospital, Park, Place of Worship, Playground, Schools	Community FeaturesCommunity Centre
EquipmentWater Heater	OwnershipFreehold
Rental EquipmentWater Heater	StructureShed
TransactionFor sale	Zoning DescriptionR4

**Building**
AppliancesMicrowave, Microwave Built-in	Basement DevelopmentUnfinished
BasementFull (Unfinished)	Constructed Date1910
CoolingNone, Wall unit	Exterior FinishBrick
Bathrooms (Total)3	Heating FuelNatural gas
HeatingBaseboard heaters, Forced air	Size Interior1850.0000
Storeys Total2.5	TypeTriplex
Utility WaterMunicipal water

**Land**
Size Frontage20 ft	AmenitiesGolf Nearby, Hospital, Park, Place of Worship, Playground, Schools
SewerMunicipal sewage system	Size Depth106 ft

Listing Office: PRIME REAL ESTATE BROKERAGE

Data Provided by London and St. Thomas Association of REALTORS®

Last Modified :03/04/2024 10:40:21 AM