54 Stanley Street, London | Image 1

54 Stanley Street

London, South F

  • Commercial

$1,350,000
For Sale

Added 2 weeks ago

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  • Type: Investment

  • Property Type: Commercial

  • Business Type: Apts-2 To 5 Units

  • Zoning: R3-2

  • Age: 100+ years

  • Taxes: 5640.11

  • MLS®#: X11825040

  • Added: Dec 03, 2024 (2 weeks ago)

  • Updated:

  • Last Checked: 2 hours ago

  • Listed By: ROYAL LEPAGE TRILAND REALTY

TURN KEY INVESTORS DREAM PROPERTY! This building has been FULLY RENOVATED including roof, electrical, 4 new furnaces, A/C units, 4 kitchens, 4 bathrooms and more. Located just steps from Wortley Village & Downtown it is the prefect spot to rent to young professionals. All 4 units have 5 new appliances (including laundry) and are separately metered for electricity and gas. High end finishes include luxury vinyl plank flooring, quartz counter-tops, tiled showers, cabinetry. All units are currently rented. Rental licence will be issued by the City of London, shortly.

Extras

Fire inspection complete, just waiting on paperwork to be filed and the rental licence will be issued.

Property

  • Status: Sale

  • Type: Apts-2 To 5 Units

  • Property Type: Investment

  • Property Type: Apartment

  • Age: 100+

  • Net Income: 82200

  • Area: London

  • Community: South F

  • Availability Date: FLEXIBLE

  • Assessment Amount: $566,000

  • Assessment Year: 2024

Inside

  • Bathrooms: 4

  • Air Conditioning: Y

  • Washrooms: 4

Utilities

  • Utilities: Yes

Building

  • Basement: Y

  • Heat Type: Gas Forced Air Closd

  • Elevator: None

  • UFFI: No

  • Freestanding: Y

  • Outside Storage: N

  • Water Supply: Municipal

  • Physically Handicapped-Equipped: N

Parking

  • Garage Type: None

  • Covered Parking Spaces: 10

Fees

  • Tax Year: 2023

  • Tax Legal Description: LT 11 , PL 365(4TH) ; PT LT 6 , E/S WHARNCLIFFE RO

  • Taxes: $5,640

  • Expenses: Est

  • Management Expense: 5045

  • Insurance Fee: 5083

  • Hydro Expense: 1440

  • Taxes Type: Annual

  • Tax Year: 2024

  • Water Fees: 2280

Land

  • Cross Street: WORTLEY

  • Municipality District: London

  • Parcel Number: 083240020

  • Sewer: Sanitary

  • Lot Depth: 204.38 Feet

  • Lot Frontage: 66 Feet

  • Zoning: R3-2

Shipping Doors

  • Clearing Height (ft): 6

Commercial Specific

  • Rail: N

  • Total Area: 3000

  • Total Area Metric: Sq Ft

  • Area Influence: Public Transit

  • Franchise: N

  • Crane: N

  • Lot Code: Building

  • Survey: N

  • Soil Test: N

  • Financial Statement: Y

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Map of 54 Stanley Street, London
JK-8

Wortley Road Public School

Elementary: Public
1.46 km
JK-8

Victoria Public School

Elementary: Public
0.57 km
JK-8

St Martin

Elementary: Catholic
1.03 km
JK-8

Tecumseh Public School

Elementary: Public
1.75 km
K-8

Jeanne-Sauvé Public School

Elementary: Public
1.44 km
JK-8

Eagle Heights Public School

Elementary: Public
1.70 km
9-12

B Davison Secondary School Secondary School

Secondary: Public
3.20 km
9-12

Westminster Secondary School

Secondary: Public
2.63 km
9-12

London South Collegiate Institute

Secondary: Public
1.65 km
9-12

London Central Secondary School

Secondary: Public
1.67 km
9-12

Catholic Central High School

Secondary: Catholic
1.90 km
9-12

H B Beal Secondary School

Secondary: Public
2.24 km
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