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Type: Investment
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Property Type: Commercial
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Business Type: Apts-6 To 12 Units
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Zoning: R3-1(8)/R3-1(9)
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Age: No Data
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Taxes: 13062.82
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MLS®#: X8119524
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Days on Site: 58 Days
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Added: Feb 08, 2024 (2 months ago)
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Updated:
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Last Checked: 4 hours ago
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Listed By: REAL BROKER ONTARIO LTD
Don't miss out on this set of side-by-side fourplexes for a total of 8 units in an A+ location! Close to Western and on major bus routes to Fanshawe College. Convenient downtown location means close to groceries, shopping and nightlife. Large lot with parking for 14 vehicles - pretty rare for downtown! Several units recently updated with appliances (2020), kitchens and flooring. Brand new boiler (2020), on-demand hot water (2020), wiring on separate meters (2020), plumbing (2020). Recent fire inspection and rental license in place. 4 units are available vacant to set your own market rents! London has a resilient and diverse economy, providing a stable foundation for investing. The citys consistent economic growth, supported by sectors like healthcare, education, and manufacturing, makes it an attractive destination for investment stability. *VENDOR FINANCING AVAILABLE for the right buyer*
Property
Status: Sale
Type: Apts-6 To 12 Units
Property Type: Investment
Property Type: Apartment
Net Income: 140923
Area: London
Community: East B
Availability Date: FLEX
Assessment Amount: $894,000
Assessment Year: 2024
Inside
Air Conditioning: N
Utilities
Utilities: Yes
Building
Basement: Y
Heat Type: Water Radiators
Energy Certificate: N
Green Verification Status: N
Freestanding: Y
Outside Storage: N
Water Supply: Municipal
Physically Handicapped-Equipped: N
Parking
Garage Type: Outside/Surface
Covered Parking Spaces: 14
Fees
Tax Year: 2024
Tax Legal Description: 300: PT LT 4 & 5 N OF OXFORD STREET PLAN 237(E), PT 1 33R7200 (P
Taxes: $13,063
Expenses: Act
Insurance Fee: 7631
Operating Fees: 34694
Hydro Expense: 6500
Heat Expenses: 5000
Other Expenses: 2000
Taxes Type: Annual
Taxes: 13063
Tax Year: 2023
Land
Cross Street: Wellington & Hellmut
Municipality District: London
Parcel Number: 082410083
Sewer: Sanitary
Lot Depth: 150 Feet
Lot Frontage: 87 Feet
Zoning: R3-1(8)/R3-1(9)
Commercial Specific
Total Area: 6400
Total Area Metric: Sq Ft
Area Influence: Public Transit
Lot Code: Lot
Survey: N
Gross Income/Sales: 175617
St Michael
Elementary: CatholicSt Georges Public School
Elementary: PublicNorthbrae Public School
Elementary: PublicRyerson Public School
Elementary: PublicLord Roberts Public School
Elementary: PublicJeanne-Sauvé Public School
Elementary: PublicÉcole secondaire Gabriel-Dumont
Secondary: PublicÉcole secondaire catholique École secondaire Monseigneur-Bruyère
Secondary: CatholicLondon South Collegiate Institute
Secondary: PublicLondon Central Secondary School
Secondary: PublicCatholic Central High School
Secondary: CatholicH B Beal Secondary School
Secondary: Public
