38 Hincks Street St. Thomas, Ontario N5R 3N6

$574,000

Sandwiched between a lawyers office and a funeral home, in a great area of town, this TRIPLEX is a TURNKEY as they come! 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 & 3 have had plenty of updates/upgrades in the past five 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 separate furnaces 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/month). 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 set to start opeartions any day now. Call me today to set up your showing. (id:53488)

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https://www.realtor.ca/real-estate/26144452/38-hincks-street-st-thomas