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$1,198,000
Status: For Sale
Fantastic investment opportunity! This well-maintained multiplex offers five units and is ideally located just steps from Downtown London and within walking distance to Western University. The property features an attached double-car garage with two parking spaces, plus the convenience of seven additional spots spread across two private driveways - plenty of parking for tenants. This property is running a %7.0 CAP rate in a phenomenal student area with the opportunity to increase the other 4 units rental income for an even higher CAP rate. Close to public transit, grocery stores, the scenic Thames River, and Gibbons Park, this prime location provides easy access to all amenities, making it highly attractive to both students and professionals. Don't miss out on this excellent chance to own a solid income-generating property in a sought-after area!
| Property Type | :Residential |
|---|---|
| MLS Number | :X10432559 |
| Listing Type | :Sale |
| Possession Date | : |
| Last Updated | :20 Nov, 2024 (21 Hours ago) |
| Source | :TRREB |
| Area | :Middlesex |
|---|---|
| Postal Code | :
N6A 1W6
|
| Price | : $1,198,000 |
|---|---|
| Property Taxes | :$8738.17 |
| Tax Year | :2024 |
|---|
| Bedrooms | :5 + 2 |
|---|---|
| No. of Rooms | :11 |
| Air Conditioning | :Central Air |
| Heating | :Forced Air |
| Place of Worship | :No |
| Cross Street | :From Richmond St (North of Oxford St E) turn West on St James St. |
| Bathrooms | :6 |
|---|---|
| Fuel | :Gas |
| Approx Square Footage | :2500-3000 sqft |
| Fireplace/Stove | :No |
| Virtual Tour | :Virtual Tour (External Link) |
| Living | :3.94 m x 5.34 m |
|---|---|
| Br | :4.39 m x 4.80 m |
| Kitchen | :2.69 m x 2.56 m |
| Br | :3.86 m x 2.54 m |
| Br | :3.61 m x 2.80 m |
| Laundry | :1.96 m x 3.21 m |
| Kitchen | :3.86 m x 6.92 m |
|---|---|
| Family | :4.93 m x 8.88 m |
| Breakfast | :3.57 m x 4.22 m |
| Br | :3.61 m x 3.74 m |
| Br | :4.93 m x 4.54 m |
| Kitchen | :4.50 m x 3.95 m |
| Exterior Finish | :Other |
|---|---|
| Parking Space | :9 |
| Basement | :Finished |
| Garage | :Attached |
|---|---|
| Park | :Park |
20 Nov, 2024
TREB #X10432559
Listed
$1198000.0
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