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$409,900
Status: OFF MARKET
6% Cap Rate Potential for INVESTMENT AND/OR OWNER OCCUPY OPPORTUNITY! Licensed Up & Down Duplex located in desirable Old South + business use potential! This is a great option for any investor, business owner or someone who wants to reduce their cost of living! Upper level is rented for $1,300+ hydro till December 31, 2024. Main floor tenancy is month-to-month ($870/month all inclusive). Ideal for savvy investment or owner-occupancy. This property has 3 hydro meters – one for each unit plus a 3rd for the common basement area which holds laundry, storage & building utilities. Low maintenance & taxes. Recent updates include: Brand new furnace installed (October 2023), updated electrical, new paint & flooring. Great access to Downtown, Victoria Hospital, UWO & Hwy 401. One of the best priced duplex 's in town! Call today for further information.
| Property Type | :Residential Income |
|---|---|
| MLS Number | :40585201 |
| Listing Type | :Sale |
| Property Age | :51-99 Years |
| Possession Date | : |
| Last Updated | :28 Jun, 2024 (181 Days ago) |
| Source | :LSTAR |
| Area | :Middlesex |
|---|---|
| City | :London |
| Area Major | :South |
| Area Minor | :South F |
| Postal Code | :
N6K 2L1
|
| Directions | :East side of Wharncliffe Rd S between Elmwood Ave & Bruce St. |
| Price | : $409,900 |
|---|---|
| Property Taxes | :$2878 |
| Tax Year | :2024 |
|---|
| Bedrooms | :2 + |
|---|---|
| Air Conditioning | :Wall Unit(s) |
| Heating | :Forced Air |
| Place of Worship | :No |
| Bathrooms | :2 |
|---|---|
| Approx Square Footage | :1237 sqft |
23 May, 2024
TREB #40585201
Listed
$409900
