For Sale: 38 Hincks Street, St. Thomas, ON - REW
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$514,000
3 bd • 3 ba • 2000 - 2499 sf • Multifamily
38 Hincks Street
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$514,000
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38 Hincks StreetSt. Thomas, ON, N5R 3N6

  • 3 Bed
  • 3 Bath
  • 2000 - 2499 Sqft
  • Multifamily

About this home

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 $1275 per month ($41,640 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:63626)
Listed by: NICK VERGEER, Salesperson, PRIME REAL ESTATE BROKERAGE

Home facts and features

Price details
List Price
$514,000
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Gross Taxes for 2026
$3,013
Home facts
Bedrooms
3
Full Bathrooms
3
Parking Details
No Garage, Street
Property Type
Multifamily
Depth
106.3 feet
Frontage
20.3 feet
Exterior Finish
Brick
Heating Type
Forced air, Natural gas
Basement Details
Unfinished, Full
Features
Separate Electricity Meters, Smoke Detectors
Appliances
Dishwasher, Dryer, Microwave, Refrigerator, Two stoves, Washer
Agent details
Primary Agent
NICK VERGEER
Primary Broker
PRIME REAL ESTATE BROKERAGE
Listing details
Days on REW
75 Days
Property Views
39
MLS® Number
X12921170
Source
Canadian Real Estate Association
Board
London and St. Thomas Association of REALTORS®
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25 Years
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3.99%

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Property Insights

Arthur Voaden Secondary School
  • Public
  • 9 - 12
Pierre Elliott Trudeau French Immersion Public School
  • Public
  • K - 8
June Rose Callwood Public School
  • Public
  • JK - 8
Central Elgin Collegiate Institute
  • Public
  • 9 - 12
Monsignor Morrison School
  • Catholic
  • JK - 8
Forest Park Public School
  • Public
  • JK - 8
John Wise Public School
  • Public
  • JK - 8
Lockes Public School
  • Public
  • JK - 8
Parkside Collegiate Institute
  • Public
  • 9 - 12
St. Anne's School
  • Catholic
  • JK - 8
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Call Agent
Salesperson
NICK VERGEER
Phone:
519-520-4050
Cell:
519-520-4050
Office:
519-473-9992
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By proceeding, you consent to receive communications using the methods provided, from REW.ca and our partners about your inquiry and other home-related matters to assist you in your search, but not as a condition of any purchase.