38 HINCKS Street
St. Thomas, ON
- 3 bed
- 2,058 sqft
- Investment
- 376 days on market
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.
Listing Details
- Taxes (2024)
- $2,910
- Listed
- August 20, 2025
Price History
Listing history
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Property
- Age
- 100+
- Lot Size
- 20.25 x 106.34 Feet
Parking
- Garage
- Street
Utilities
- Sewer
- Sanitary
Location & Legal
- Cross Street
- Elgin and Wellington
- Zoning
- R4
- Parcel Number
- 352250041
- Possession
- Immediate
- Occupancy
- Tenant
Commercial
- Business Type
- Apts - 2 To 5 Units
Included
- Inclusions
- Built in microwave, 3 Fridges, 2 Stoves, 1 Dishwasher, 1 Microwave, 1 Washer, 1 Dryer
- Exclusions
- Stove in Unit 1, 1 Hot Water Heater owned by Tenant in Unit 1. All tenant belongings
- Rental Items
- Hot Water Tank x 2
Community
Postal area N5R
- Population
- 30,680
- Private dwellings
- 12,933
- Median age
- 44.8
- Average household size
- 2.4
- Median household income
- $80,000
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Commercial in St. Thomas · last 12 months
- Median sold price
- $535,000
- Homes sold
- 621
- Median days on market
- 27
- Sale-to-list price
- 97.8%
Based on 621 recorded sales of commercial properties in St. Thomas over the last 12 months.
Listed by
PRIME REAL ESTATE BROKERAGE
Walk Score
Walk Score is unavailable for this address right now.
Location
Street View
Commercial figures
- Building area
- 2,058 sq ft
- Price per sq ft
- $249.76
- Annual property tax
- $2,910
- Tax per sq ft
- $1.41
Derived from the listing's own figures. Taxes are as reported by the listing brokerage and may be a prior year.
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