$574,000 FOR SALE

Business for Sale

Total Area: 1,850 ft2

38 Hincks Street
St. Thomas, ON N5R 3N6

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. (id:47423)

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Listed By PRIME REAL ESTATE Brokerage
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number X8287166
Last Updated May 14, 2024
Property Summary
Property Type Business For Sale

More like this:
Franchise Non-Franchise
Community SW
Price History
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Detailed Information
Bedrooms 3
Bathrooms 3
Total Area 1,850 ft2
Amenities Nearby Recreation, Hospital
Listing Contract Date 2024-04-02
Property Type Business
Transaction Type For sale
Building
Appliances Dishwasher, Dryer, Microwave, Refrigerator, Stove, Two stoves, Washer
Basement Type Full
Cooling Type Wall unit
Exterior Finish Brick
Fireplace Present Yes
Foundation Type Block
Heating Fuel Natural gas
Heating Type Forced air
Utility Water Municipal water
Land
Total Size Unit=20.25 x 106.34 FT | under 1/2 acre
Amenities Recreation, Hospital
Sewer Sanitary sewer
Size of Irregular Land Unit=20.25 x 106.34 FT

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