Added 4 weeks ago
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Type: Multiplex
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Style: 2-Storey
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Size: 3000 sqft
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Lot Size: 39.34 x 108.26 Feet
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Age: 100+ years
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Taxes: $6,012 per year
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Days on Site: 18 Days
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Added: Jun 07, 2024 (4 weeks ago)
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Updated:
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Last Checked: 2 hours ago
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MLS®#: X8417200
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Listed By: Rock star real estate inc.
Legal Five-Unit Property Consisting Of Four Two-Bedroom Units And One Large Three-Bedroom Unit. Each Unit Has One Bath, Kitchen, And Its Own Private Laundry. Meticulously Updated. All Units Are Large In Size And Each Has Its Own Hydro Meter And Separate Entrance. Located In An Excellent Rental Area. Annual Income Projected At $95,340 Per Year. Unit #1 Rented At $1,550 + Hydro, Unit #2 Rented At $1,500 + Hydro, Unit #3 Advertised At $1,395 + Hydro, Unit #4 Advertised At $1,700 + Hydro, Unit #5 Rented At $1,900 + Hydro. Cap Rate Of 7.5%. An Amazing Investment Opportunity With Three Of Five Units Currently Tenanted. Property Management Is Processing Leads To Fill The Remaining Two Units. Expenses For Past 12 Months Approximately: $9,600 For Gas & Water, $3,312 For Property Management, $6,012 For Insurance, And Maintenance Estimated At 2% Of Gross Rent, $1,931. Total Expenses Are Estimated At $20,903 Annually. The Buyer And The Buyer's Agent Are Responsible For Verifying All Income And Expenses.
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Property
Status: Sale
Property Type: Multiplex
Style: 2-Storey
Size (sq ft): 3000
Age: 100+
Area: London
Community: East L
Availability Date: Flexible
Inside
Bedrooms: 8
Bedrooms Plus: 3
Bathrooms: 6
Kitchens: 5
Rooms: 21
Den/Family Room: No
Air Conditioning: None
Fireplace: No
Laundry Level: Main
Washrooms: 6
Building
Basement: Part Bsmt
Heat Type: Forced Air
Heat Source: Gas
Exterior: Brick
Exterior: Vinyl Siding
Elevator: N
Water Supply: Municipal
Physically Handicapped-Equipped: N
Special Designation: Unknown
Retirement: N
Parking
Driveway: None
Garage Type: None
Fees
Tax Year: 2024
Tax Legal Description: PT LT 40 PLAN 110(3RD) AS IN LC118416; T/W LC118416, IF ANY; "DE
Taxes: $6,012
Land
Cross Street: Adelaide Street N/Ha
Municipality District: London
Fronting On: South
Parcel Number: 083090116
Parcel of Tied Land: N
Pool: None
Sewer: Sewers
Lot Depth: 108.26 Feet
Lot Frontage: 39.34 Feet
Lot Irregularities: 129.91ft x 32.00ft x
Acres: < .50
Zoning: BDC(35) H13
Very Walkable
- Most errands can be accomplished on foot.
Good Transit
- Some errands can be accomplished by public transportation.
Very Bikeable
- Most errands can be accomplished on bike.
Trafalgar Public School
Elementary: PublicAberdeen Public School
Elementary: PublicSt Mary School
Elementary: CatholicLester B Pearson School for the Arts
Elementary: PublicSt. John French Immersion School
Elementary: CatholicPrincess Elizabeth Public School
Elementary: PublicG A Wheable Secondary School
Secondary: PublicB Davison Secondary School Secondary School
Secondary: PublicLondon South Collegiate Institute
Secondary: PublicLondon Central Secondary School
Secondary: PublicCatholic Central High School
Secondary: CatholicH B Beal Secondary School
Secondary: Public-
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