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Royal LePage
Royal LePage
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$514,000

St. Thomas ON, N5R 3N6

MLS® # X12354940

Property Information:

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:27)

Building Features:

  • Style: Multiplex
  • Building Type: Multi-Family
  • Floor Space: 2058 sqft
  • Heating Type: Forced air
  • Heating Fuel: Natural gas
  • Cooling Type: None
  • Appliances: Dishwasher, Dryer, Microwave, Washer

Property Features:

  • Property Type: Multi-family
  • Bedrooms: 3
  • Amenities Nearby: Recreation
  • Floor Space (approx): 2058 Square Feet
  • Irregular: Yes
  • Lot Depth: 106.3 Feet
  • Lot Frontage: 20.3 Feet
  • Lot Size: 20.25 x 106.34 FT
  • Zoning: R4
  • Sewer: Sanitary sewer

Courtesy of: PRIME REAL ESTATE BROKERAGE

REALTOR.ca  

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⚠ Potential Investment Performance

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Location of 38 HINCKS STREET, St. Thomas, Ontario, N5R 3N6

Demographic Information of 38 HINCKS STREET, St. Thomas, Ontario, N5R 3N6

Life Stage

Midlife Families

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$74,590.53

Average Number of Children

1.53

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

23.07 %

High school certificate or equivalent

35.18 %

Apprenticeship trade certificate/diploma

6.67 %

College/non-university certificate

22.87 %

University certificate (below bachelor)

0.55 %

University Degree

11.68 %

Commuter

Travel To Work

By Car

84.37 %

By Public Transit

0.0 %

By Walking

14.37 %

By Bicycle

0.0 %

By Other Methods

1.26 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

59.45 %

Houses

40.55 %

Own Vs. Rent

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