Added 1 day ago
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Type: Multiplex
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Style: 3-Storey
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Lot Size: 60 x 166 Feet
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Age: 51-99 years
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Taxes: $22,870 per year
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Days on Site: 1 Days
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Added: Dec 16, 2024 (1 day ago)
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Updated:
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Last Checked: 2 hours ago
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MLS®#: X11894325
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Listed By: Sutton group - select realty
Rare opportunity to purchase a building like this in the core area. Solid brick 12 unit apartment building. Huge upside potential with rents in the $1350. A month range of value of $2,800,000 at 5% cap rate potential rents of $1600 a month with high end finishes to the units and a projected market value of almost $3,600,000 at a 5% cap rate. Lots of parking in the back parking lot. Solid built building. Roof approx. 8 years old. Located right downtown within walking distance to shops, Victoria park and all amenities. 11 one bedroom apartments and 1 bachelor apartment. Laundry located in lower level.
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Property
Status: Sale
Property Type: Multiplex
Style: 3-Storey
Age: 51-99
Area: London
Community: East F
Availability Date: 30 DAYS
Assessment Year: 2023
Inside
Bedrooms: 8
Bedrooms Plus: 3
Bathrooms: 12
Kitchens: 8
Kitchens Plus: 4
Rooms: 47
Den/Family Room: No
Air Conditioning: None
Fireplace: No
Laundry Level: Lower
Washrooms: 12
Building
Basement: None
Heat Type: Water
Heat Source: Gas
Exterior: Brick
UFFI: No
Water Supply: Municipal
Special Designation: Unknown
Parking
Driveway: Lane
Garage Type: None
Covered Parking Spaces: 12
Total Parking Spaces: 12
Fees
Tax Year: 2024
Tax Legal Description: PT LTS 68 & 67 PLAN 12(E) AS IN 770859; T/W 770859
Taxes: $22,870
Highlights
Feature: Hospital
Feature: Library
Feature: Park
Feature: Place Of Worship
Feature: Public Transit
Feature: School
Land
Cross Street: DUFFERIN
Municipality District: London
Fronting On: West
Parcel Number: 082720018
Pool: None
Sewer: Sewers
Lot Depth: 166 Feet
Lot Frontage: 60 Feet
Acres: < .50
Zoning: R3-2
Very Walkable
- Most errands can be accomplished on foot.
Excellent Transit
- Most errands can be accomplished by public transportation.
Very Bikeable
- Most errands can be accomplished on bike.
St Michael
Elementary: CatholicAberdeen Public School
Elementary: PublicSt Mary School
Elementary: CatholicSt Georges Public School
Elementary: PublicSt. John French Immersion School
Elementary: CatholicLord Roberts Public School
Elementary: PublicÉcole secondaire catholique École secondaire Monseigneur-Bruyère
Secondary: CatholicB 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