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Last Updated : 582 Days ago
38 Hincks St, St. Thomas, Ontario, SW

38 Hincks St, St. Thomas MLS Number: X8287166

SW, St. Thomas, Elgin, ON, N5R 3N6

$574,000

Status: OFF MARKET

  • Property Type: Commercial (Investment)
  • Property Taxes : $2710.18 (Tax Year:2022)
  • Listing Courtesy : Prime Real Estate Brokerage

38 Hincks St Property Description

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.

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38 Hincks St Property Facts

Property Type :Commercial
MLS Number :X8287166
Listing Type :Sale
Possession Date :
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Last Updated :01 May, 2024 (582 Days ago)
Source :TRREB
Area :Elgin
Postal Code : N5R 3N6
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38 Hincks St Property Price & Tax Insights

Price : $574,000
Property Taxes :$2710.18
Tax Year :2022

38 Hincks St, St. Thomas Property Details

Cross Street :From Talbot St, Turn South On Hincks. Parking On The Street.

38 Hincks St, St. Thomas - Price History

2024-05

01 May, 2024

TREB #X8287166

Available

$574000.0

38 Hincks St - Location Map and Landmarks

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