Size
-
Lot size
395.12 sqm
Street frontage
E
Possession
-
Price per sqm
$3,388
Taxes
$4,500.39 (2023)
Parking Type
-
Style
Two Story
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Description
Fully renovated licensed legal duplex located in desirable steps to restaurants, parks, trails and walking distance to downtown London. This purpose-built duplex is a Landlord’s dream & is perfect for investors looking for a turnkey property with strong cash flow with a projected cap rate of over 8%. Separate heat, separate hydro and separate water meters! Each unit has their own laundry. Both units have 4 good sized bedrooms and a 4 piece bathroom, a large family room with gas fireplace and separate dining space as well as an eat in kitchen. 4\6 parking spaces located on site. The main floor unit has been fully renovated and is leased on month to month basis and can be vacant as of July 1, 2024, allowing the new Buyer to set their own rents Current market rents for this unit is $3200 plus utilities. Downstairs is vacant and conservative rents per room at $800 + utilities is easily attainable with its proximity to downtown and UWO & Fanshawe College.
Broker: COLDWELL BANKER POWER REALTY, BROKERAGE
MLS®#: 40585757
Property details
Parking:
4
Parking type:
-
Property type:
Detached
Heating type:
Baseboard,
Style:
Two Story
MLS Size:
245 sqm
Lot front:
13.72 M
Lot depth:
28.65 M
Listed on:
May 9, 2024
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Rooms
Level | Name | Size | Features |
---|---|---|---|
Flat | Living Room/Din | Unknown | |
Flat | Kitchen | Unknown | |
Flat | Bathroom | Unknown | |
Flat | Bedroom | Unknown | |
Flat | Bedroom | Unknown | |
Flat | Bedroom | Unknown | |
Flat | Bedroom | Unknown | |
Flat | Living Room/Din | Unknown | |
Flat | Kitchen | Unknown | |
Flat | Bathroom | Unknown | |
Flat | Bedroom | Unknown | |
Flat | Bedroom | Unknown | |
Flat | Bedroom | Unknown | |
Flat | Bedroom | Unknown |