435 Nelson Street London ON N6B 1A6
Residential Income
$ 5,290,000.00
Description
Rare opportunity to acquire a value-add 23-unit apartment building in the fastest
growing city in Ontario, and within SoHo, a neighbourhood undergoing rapid
intensification and gentrification. Located next to the new 1200+unit developments
on the previous Victoria Hospital lands, just south of the downtown core, abutting
the Thames River, and across the street from Meredith Park, this building is ripe
for repositioning. Estimated 59% upside from the current rent roll to top market
rents. The building consists of 23 1-bedroom units in a purpose-built 3-storey
walkup. Hydro is separately metered but currently included in rent representing
the potential for significant cost savings.
View on map / Neighborhood
Location & Schools
- MLSAreaMajor: East
- MLSAreaMinor: East K
- CountyOrParish: Middlesex
- Directions: GPS
- Zoning: R3-1
Property Details
- ParcelNumber: 083300025
- AboveGradeFinishedArea: 18000
- StoriesTotal: 3
- ConstructionMaterials: Brick
- AcresRange: 0.50–1.99
Courtesy of
- ListOfficeName: PRIME REAL ESTATE BROKERAGE
435 Nelson Street London ON N6B 1A6. MLS 40238506. This Apartment style property is located in Central London is currently Residential Income. This property is listed at $ 5,290,000.00. It has 23 beds bedrooms, 23 baths bathrooms. The property was built in year.
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