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London, ON N6B 3J8, Canada

London, ON N6B 3J8, Canada
$ 979,000.00

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Quick Info

MLS #: 40191356 Post Updated: 2021-12-08 15:12:06 Bedrooms: 5 Bathrooms: 3
LotSizeDimensions: 150 x 34.91 BuildingAreaTotal: 1800 Year built: 1930 YearBuiltDetails: Owner
Status: Type:

Description

Excellent investment property near downtown with high traffic exposure. 1 retail/commercial unit and 4 residential units. Unit 1 – 600 sq. ft. retail/commercial shop plus up to 500 sq. ft. basement storage – $3,000.00 all inclusive. Unit 2 – newly renovated luxury main floor apartment renting at $1,290.00 all inclusive, Unit #3 – main floor bachelor apartment renting at $674.00 all inclusive plus an additional 1 room office can be used with the business or could become a bedroom added to the bachelor apartment. 2nd floor – Unit #4 – one bedroom apartment renting for $1,000.00 and Unit #5 – 2 bedroom large apartment renting for $1,019.00 all inclusive plus coin operated laundry in the basement for all tenants. Total annual income is $68,796.00 and total annual expenses are $25,944.00 (including one time cost of exterior painting $7880.00). Net operating income $42,852.00. Mutual driveway with 6 parking spots at the back, nicely landscaped. The property is in very good conditioned and well maintained.

Rooms & Units Description

  • NumberOfUnitsTotal: 5

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Location & Schools

  • MLSAreaMajor: East
  • MLSAreaMinor: East G
  • CountyOrParish: Middlesex
  • CrossStreet: CENTRAL
  • Directions: N/A
  • ElementarySchool: Blessede Sacrament Catholic & East Carling Public School
  • HighSchool: Catholic Central & H.B. Beal Ss
  • Topography: Flat Site
  • Coordinates: -81.234237, 42.994704
  • Zoning: AC4

Property Details

  • ParcelNumber: 082800002
  • AboveGradeFinishedArea: 1800
  • AboveGradeFinishedAreaUnits: Square Feet
  • BelowGradeFinishedAreaUnits: Square Feet
  • StoriesTotal: 2
  • ConstructionMaterials: Brick, Stone, Vinyl Siding, Wood Siding
  • AcresRange: < 0.5

Property Features

  • LotFeatures: Urban, Irregular Lot, City Lot, High Traffic Area, Place of Worship, Public Transit, Shopping Nearby
  • AccessibilityFeatures: Multiple Entrances
  • SecurityFeatures: None
  • LaundryFeatures: Coin Operated, Electric Dryer Hookup, In Basement, Shared, Washer Hookup
  • ExteriorFeatures: Controlled Entry, Landscaped
  • InteriorFeatures: High Speed Internet
  • Utilities: At Lot Line-Municipal Water, Cable Connected, Cell Service, Electricity Connected, Garbage/Sanitary Collection, Natural Gas Connected, Recycling Pickup
  • Appliances: Water Heater, Hot Water Tank Owned, Refrigerator, Stove
  • RoadFrontageType: Municipal Road
  • Basement: Full, Unfinished
  • FoundationDetails: Concrete Perimeter
  • Roof: Asphalt Shing
  • FrontageLength: Lot Front(34.91)
  • FrontageType: East
  • ElectricOnPropertyYN: 1
  • Cooling: Central Air
  • HeatingYN: 1
  • Heating: Forced Air, Natural Gas
  • ParkingTotal: 5
  • OpenParkingYN: 1
  • OpenParkingSpaces: 5
  • ParkingFeatures: Mutual/Shared, Assigned
  • PoolFeatures: None
  • Sewer: Sewer (Municipal)
  • WaterSource: Municipal

Courtesy of

  • ListOfficeName: RE/MAX CENTRE CITY REALTY INC., BROKERAGE

London, ON N6B 3J8, Canada. MLS 40191356. This style property is located in London is currently . This property is listed at $ 979,000.00. It has 5 beds bedrooms, 3 baths bathrooms. The property was built in 1930 year.

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