933 Elias Street, London | Image 1

933 Elias Street

London, East G

  • Commercial

$699,900
For Sale

Added 2 months ago

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  • Type: Investment

  • Property Type: Commercial

  • Zoning: R3-2

  • Age: No Data

  • Taxes: 2289.92

  • MLS®#: X8285922

  • Days on Site: 53 Days

  • Added: Mar 09, 2024 (2 months ago)

  • Updated:

  • Last Checked: 1 hour ago

  • Listed By: EXP REALTY, BROKERAGE

Attention investors and house-hackers! An excellent turn-key opportunity with this triplex in Old East Village. With the front unit owner-occupied and the other two units rented to A++ tenants, there's an immediate income potential of over $50, 000. At market value rent the fully rented potential income increases to over $58, 000. Each fully-contained unit has its own entrance, with every unit containing it's own appliances, including a washer, dryer, dishwasher, and microwave. No shared spaces and all units are above-grade. Unit 1 (front) - 1 bedroom, 1 bathroom currently owner occupied and vacant upon close. Unit 2 (back) - 2 bedrooms, 1.5 bathrooms rented at $1565 per month. Unit 3 (upper) - 2 bedrooms, 1 bathroom rented at $1375 per month. One of the largest residential lots on Elias, boasting up to 8 parking spots. Located close to transit and in the desirable Old East Village. Right next door to the Western Fairgrounds and close to fun at The Factory. Easy transit to downtown, 401, Fanshawe, and Western. A great investment, whether a savvy investor or someone looking to house-hack to get into the market, it's an opportunity you don't want to miss!

Property

  • Status: Sale

  • Property Type: Investment

  • Area: London

  • Community: East G

  • Availability Date: Immediate

  • Assessment Amount: $161,000

  • Assessment Year: 2021

Inside

  • Bathrooms: 4

  • Air Conditioning: Central Air

  • Washrooms: 4

Building

  • Basement: Y

  • Heat Type: Forced Air

  • Water Supply: Municipal

Parking

  • Garage Type: None

  • Covered Parking Spaces: 8

Fees

  • Tax Year: 2022

  • Tax Legal Description: PART LOTS 34 AND 35 BLOCK P, PLAN 352(3RD) AS IN 902266 LONDON

  • Taxes: $2,290

Land

  • Cross Street: From Quebec, Turn On

  • Municipality District: London

  • Parcel Number: 082840012

  • Sewer: Sewers

  • Lot Depth: 132 Feet

  • Lot Frontage: 49.5 Feet

  • Zoning: R3-2

Commercial Specific

  • Total Area: 1469

  • Total Area Metric: Sq Ft

  • Area Influence: Public Transit

  • Area Influence: Rec Centre

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