See all 39 photos

$514,000

Est. payment - /mo

Save

3 Beds

3 Baths

New

38 Hincks ST St. Thomas, ON N5R 3N6

Save

REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Thu

Aug

Fri

Aug

Sat

Aug

Todd Kaufman

todd@toddk.ca +1(647) 230-2068

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 2000-2500

Subdivision St. Thomas

MLS Listing ID X12354936

Style 2 1/2 Storey

Bedrooms 3

Building Age 100+

Annual Tax Amount $2,912

Tax Year 2024

Property Sub-Type Triplex

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

Family Room Yes

Basement Full, Unfinished

Kitchen 3

Interior

Interior Features Separate Hydro Meter

Cooling None

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

Exterior

Exterior Feature Porch Enclosed

Parking Features Street Only

Pool None

Roof Type Asphalt Shingle

Lot Frontage 20.25

Lot Depth 106.34

Building

Foundation Block

Others

Senior Community No

Security Features Carbon Monoxide Detectors,Smoke Detector

Listed by PRIME REAL ESTATE BROKERAGE

${companyName}

Phone

+1(647) 230-2068

todd@toddk.ca

Address

114 Ontario St, Collingwood, ON, L9Y 1M3, CAN