54 Stanley Street, London | Image 1

54 Stanley Street

London, South F

  • Commercial

$1,350,000
For Sale

Added 2 months 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

  • Days on Site: 73 Days

  • Added: Dec 03, 2024 (2 months 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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JK-8

Wortley Road Public School

Elementary: Public
1.46 km
JK-8

Victoria Public School

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0.57 km
JK-8

St Martin

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1.03 km
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Tecumseh Public School

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1.75 km
K-8

Jeanne-Sauvé Public School

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Eagle Heights Public School

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B Davison Secondary School Secondary School

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Westminster Secondary School

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London South Collegiate Institute

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1.67 km
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Catholic Central High School

Secondary: Catholic
1.90 km
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H B Beal Secondary School

Secondary: Public
2.24 km
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