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$XXX,XXX
Status: OFF MARKET
Exciting Update on Rental Property! Achieving a 5.1% Cap Rate with Over $50,000 in Gross Income! Explore this property with an exceptionally deep lot, just moments away from Downtown, Western University, Fanshawe College, St. Joseph's Hospital, and numerous amenities. This two-story brick residence is fully occupied and ready for a new owner. It comprises lower, first, and second-floor units, each with its own entrance. The lower and first-floor units include utilities, while the second unit is separately metered for electricity. Additional revenue streams come from local businesses leasing parking spaces at the rear of the property. Don't miss out on this opportunity to own a slice of downtown London! Income and expense details are available upon request. This property is completely turnkey!
| Property Type | :Residential Income |
|---|---|
| MLS Number | :40562082 |
| Listing Type | :Sale |
| Property Age | :100+ Years years |
| Possession Date | : |
| Last Updated | :23 Apr, 2024 (177 Days ago) |
| Source | :LSTAR |
| Area | :Middlesex |
|---|---|
| City | :London |
| Area Major | :East |
| Area Minor | :East B |
| Postal Code | : N6A 3Z8 |
| Directions | :Left onto Colborne from Oxford heading East. |
| Price | : $849,900 |
|---|---|
| Property Taxes | :$5508 |
| Tax Year | :2023 |
|---|
| Bedrooms | :6 + |
|---|---|
| Heating | :Forced Air |
| Place of Worship | :No |
| Bathrooms | :3 |
|---|---|
| Approx Square Footage | :1872 sqft |
| Parking Space | :5 |
|---|---|
| Basement | :Separate Entrance |
23 Apr, 2024
TREB #40562082
Listed
$849900
