126 Price Street, London | Image 1

126 Price Street

London, East M

  • Commercial

$1,400,000
For Sale

Added 1 month ago

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  • Type: Investment

  • Property Type: Commercial

  • Business Type: Apts-2 To 5 Units

  • Zoning: R2-2

  • Age: New

  • Taxes: 144.76

  • MLS®#: X11965062

  • Days on Site: 32 Days

  • Added: Feb 10, 2025 (1 month ago)

  • Updated:

  • Last Checked: 2 weeks ago

  • Listed By: RE/MAX CENTRE CITY REALTY INC.

Perfect for multi-generational living or investment. Welcome to 126 Price St., a beautiful designed fourplex offering the best of both worlds; a perfect home for multi-generational living or an outstanding investment opportunity. With a total of eight bedrooms and eight bathrooms spread across four thoughtfully designed units, this property provides flexible living space for families, young professionals, or investors. Both of the 3-bedroom suites offers a spacious, open-concept living area, ideal for entertaining, while the 1-bedroom suites are perfect for singles or couples. The property features private entrances, separate utilities, in-suite laundry, and ample storage space, ensuring convenience and privacy for all residents. This investment gem is located in a desirable neighbourhood close to everything you need, including shopping, hospitals, and public transit. The property is fully fenced and includes parking for four vehicles, ensuring comfort and security. With established rental incomes of up to $2,550 per month plus utilities for the larger units, this fourplex promises an attractive 6.57% cap rate for savvy investors looking for long-term growth. Explore the potential of this versatile property today!

Property

  • Status: Sale

  • Type: Apts-2 To 5 Units

  • Property Type: Investment

  • Property Type: Apartment

  • Age: New

  • Net Income: 103200

  • Area: London

  • Community: East M

  • Availability Date: IMMEDIATE

  • Assessment Amount: $495,000

  • Assessment Year: 2025

Inside

  • Air Conditioning: Y

Utilities

  • Utilities: Yes

Building

  • Basement: Y

  • Heat Type: Gas Forced Air Open

  • Elevator: None

  • Energy Certificate: N

  • Green Verification Status: N

  • Freestanding: Y

  • Outside Storage: N

  • Water Supply: Municipal

  • Physically Handicapped-Equipped: N

Parking

  • Garage Type: None

  • Covered Parking Spaces: 4

  • Trailer Parking Spots: 4

Fees

  • Tax Year: 2024

  • Tax Legal Description: PT LT 3 E/S PRICE ST PLAN 315 AS IN 920972

  • Taxes: $145

  • Expenses: Est

  • Insurance Fee: 5000

  • Operating Fees: 11200

  • Taxes Type: Annual

  • Taxes: 5000

  • Tax Year: 2025

  • Water Fees: 1200

Land

  • Cross Street: HAMILTON

  • Municipality District: London

  • Parcel Number: 083350191

  • Sewer: Sanitary

  • Lot Depth: 151.22 Feet

  • Lot Frontage: 47.12 Feet

  • Zoning: R2-2

Additional Media

  • Virtual Tour: https://www.vr-360-tour.com/e/no8BlPAoyY0/e?hide_e3play=true&hide_logo=true&hide_nadir=true&hidelive=false

Commercial Specific

  • Rail: N

  • Sprinklers: N

  • Total Area: 1652

  • Total Area Metric: Sq Ft

  • Area Influence: Public Transit

  • Area Influence: Rec Centre

  • Franchise: N

  • Tangible Property Included: Y

  • Crane: N

  • Lot Code: Building

  • Survey: N

  • Financial Statement: N

  • Gross Income/Sales: 103200

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Very Walkable

  • Most errands can be accomplished on foot.
83 /100

Some Transit

  • Most errands require a car.
44 /100

Very Bikeable

  • Most errands can be accomplished on bike.
74 /100
JK-8

Holy Cross Separate School

Elementary: Catholic
0.19 km
JK-8

Trafalgar Public School

Elementary: Public
0.37 km
JK-8

Ealing Public School

Elementary: Public
0.68 km
JK-8

St Sebastian Separate School

Elementary: Catholic
1.51 km
4-8

Lester B Pearson School for the Arts

Elementary: Public
0.80 km
JK-8

Princess Elizabeth Public School

Elementary: Public
1.55 km
9-12

G A Wheable Secondary School

Secondary: Public
1.20 km
9-12

Thames Valley Alternative Secondary School

Secondary: Public
2.00 km
9-12

B Davison Secondary School Secondary School

Secondary: Public
0.91 km
9-12

John Paul II Catholic Secondary School

Secondary: Catholic
3.53 km
9-12

Catholic Central High School

Secondary: Catholic
2.67 km
9-12

H B Beal Secondary School

Secondary: Public
2.31 km
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