273 Thompson Road, London | Image 1

273 Thompson Road

London

  • - bed - bath - sqft
$XXX,XXX Listed: $XXX,XXX
Sold

Sold on Dec 23, 2023

Note: Property is not currently for sale or for rent.

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  • Type: Detached

  • Style: Other

  • Size: 3000 sqft

  • Lot Size: 40.02 x 152.8 Feet

  • Age: 16-30 years

  • Taxes: $4,005 per year

  • Days on Site: 102 Days

  • Added: Sep 12, 2023 (3 months on market)

  • Updated:

  • Last Checked: 2 hours ago

  • MLS®#: X6813876

  • Listed By: Homelife/miracle realty ltd

Rare investment opportunity - 8% CAP - SOLID 9 bedroom 8 washroom building fully tenanted and currently cash flowing $92,400 with potential to increase to $102,600!!! This building is ALWAYS tenanted and professionally managed. Features coin-op laundry earning an additional $1,300 - $1,500. All appliances are owned - instant hot water heater, furnace, A/C. Electricity utility only - LOW utilities! City of London has no density cap on this plot of land and the property can be further expanded a minimum of 12 units - potentially increasing income to over $250,000!! Favorably zoned commercial/residential allowing for multiple uses (work/live, commercial, multi-family residential). Large lot to allow for development of a parking lot, extra garage/unit, or commercial unit.

Status

  • Days on Market: 102

  • Last Status: Sold

  • Sold Date: Dec 23, 2023

  • Closed Date: Jan 12, 2024

  • Expiry Date: Dec 31, 2023

  • Sold Price: $960,000

  • Unavailable Date: Jan 01, 2024

  • Input Date: Sep 13, 2023

Property

  • Status: Sale

  • Property Type: Detached

  • Style: Other

  • Size (sq ft): 3000

  • Age: 16-30

  • Area: London

  • Availability Date: 30/60/90

Inside

  • Bedrooms: 9

  • Bathrooms: 8

  • Kitchens: 2

  • Rooms: 11

  • Den/Family Room: No

  • Air Conditioning: Central Air

  • Fireplace: No

  • Laundry Level: Lower

  • Central Vacuum: N

  • Washrooms: 8

Building

  • Basement: Apartment

  • Basement 2: Finished

  • Heat Type: Forced Air

  • Heat Source: Electric

  • Exterior: Alum Siding

  • Elevator: N

  • UFFI: No

  • Water Supply: Municipal

  • Special Designation: Unknown

Parking

  • Driveway: Available

  • Garage Type: None

  • Covered Parking Spaces: 10

  • Total Parking Spaces: 10

Fees

  • Tax Year: 2023

  • Tax Legal Description: PT LT 22 BF CON B AS IN 665067 LONDON/WESTMINSTER

  • Taxes: $4,005

Highlights

  • Feature: Hospital

  • Feature: Park

  • Feature: Place Of Worship

  • Feature: Public Transit

  • Feature: School

  • Feature: School Bus Route

Land

  • Cross Street: Thompson Rd And Emer

  • Municipality District: London

  • Fronting On: North

  • Parcel Number: 083520009

  • Pool: None

  • Sewer: Septic

  • Lot Depth: 152.8 Feet

  • Lot Frontage: 40.02 Feet

  • Zoning: CC1X R1

Rooms

Room details for 273 Thompson Road, London

Type Dimensions
Br Bsmt -
Br Bsmt -
Br Bsmt -
Kitchen Bsmt -
Br Main -
Br Main -
Br Main -
Br Main -
Br Main -
Br Main -
Kitchen Main -
Living Main -
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Somewhat Walkable

  • Some errands can be accomplished on foot.
60 /100

Some Transit

  • Most errands require a car.
47 /100

Bikeable

  • Some errands can be accomplished on bike.
68 /100
Map of 273 Thompson Road, London
JK-8

Holy Rosary Separate School

Elementary: Catholic
0.91 km
JK-8

Trafalgar Public School

Elementary: Public
1.32 km
JK-8

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9-12

Catholic Central High School

Secondary: Catholic
2.61 km
9-12

H B Beal Secondary School

Secondary: Public
2.39 km

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