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$1,400,000
Status: For Sale
Introducing a lucrative investment opportunity in the heart of the city! 500/502 Colborne is a 5 unit multi-family propertyand a dream come true for savvy investors seeking to maximize their returns. With a prime location, this property is nestledin a sought-after Woodfield neighbourhood, offering a turnkey investment with prime rents, in a thriving rental market.Featuring a well-maintained and updated exterior this property has great curb appeal that allows parking for up to 6 cars.The property comprises 5 spacious, well designed units with open-concept layouts. Tenants can enjoy easy access to a widerange of amenities, including shopping, dining, and entertainment options. On site laundry, eliminating the need for off-site laundry trips. 500 Colborne : Unit 1 $1659.98+ hydro Unit 2 $1396+ hydro(rentalincrease to $1430 Aug. 1st) Unit 3 $1515+ hydro. 502 Colborne : Unit 1 $2000+ hydro and gas (rental increase to $2050June 1st) Unit 2 $1634+ hydro and gas
| Property Type | :Residential Income |
|---|---|
| MLS Number | :40593825 |
| Listing Type | :Sale |
| Property Age | :100+ Years years |
| Possession Date | : |
| Last Updated | :25 May, 2024 (146 Days ago) |
| Source | :LSTAR |
| Area | :Middlesex |
|---|---|
| City | :London |
| Area Major | :East |
| Area Minor | :East F |
| Postal Code | : N6B 2T5 |
| Directions | :SOUTH ON COLBORNEFROM CENTRAL TO 500-502 COLBORNE ON EAST SIDE OF ROAD |
| Price | : $1,400,000 |
|---|---|
| Property Taxes | :$11890 |
| Tax Year | :2024 |
|---|
| Bedrooms | :10 + |
|---|---|
| Heating | :Forced Air |
| Place of Worship | :No |
| Bathrooms | :6 |
|---|---|
| Approx Square Footage | :5556 sqft |
| Parking Space | :6 |
|---|---|
| Basement | :Full |
| Park | :Park |
|---|---|
| Library | :Library |
25 May, 2024
TREB #40593825
Listed
$1400000
