Size
-
Lot size
505.86 sqm
Street frontage
E
Possession
Flexible
Price per sqm
-
Taxes
$2,490 (2023)
Parking Type
-
Style
2-Storey
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Description
Exciting Investment Opportunity! Highly desirable rental property conveniently located near downtown. This three-unit building is situated on a spacious lot, within walking distance to downtown and near major transit routes. Units 1 and 2 offer two bedrooms and one bathroom each on the ground level. Unit 3, located on the upper level, is divided into three separate units (A, B, and C). Unit A features 2 bedrooms and 1 bathroom, Unit B has 1 bedroom and 1 bathroom, and Unit C is a bachelor unit with a bathroom. Experience the beauty of scenic trails along the Thames River, attend major ball games in London, and enjoy various festivals and entertainment events downtown. This property generates a net income of $58,000 annually, with a Pro Forma worksheet available for review upon request. With a remarkable cap rate of 7.1%, this investment opportunity is not to be missed. Act swiftly to seize this lucrative opportunity! Contact the listing agent for showings!
EXTRAS:
EXTRAS:
Broker: CENTURY 21 FIRST CANADIAN CORP
MLS®#: X9253691
Property details
Parking:
4
Parking type:
-
Property type:
Multiplex
Heating type:
Forced Air
Style:
2-Storey
MLS Size:
-
Lot front:
10.06 M
Lot depth:
50.29 M
Listed on:
Aug 15, 2024
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Instant estimate:
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$51,675
lower than listed pricei
High
$743,083
Mid
$698,225
Low
$679,230
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