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$579,000
Est. payment /mo
4 Beds
6 Baths
1,499 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 1,499 sqft
Price per Sqft $386
Subdivision South I
MLS® Listing ID X10440638
Bedrooms 4
Originating Board Toronto Regional Real Estate Board
Property Description
This investment property is located in the heart of London, offering a mix of six well-maintained apartments: four one-bedroom units and two studios. Four of the units are currently occupied by long-term tenants, providing immediate rental income, while two recently renovated units remain vacant, offering potential for higher returns ($20K spent on renovation). The property boasts an estimated net income of approximately $31,000 per year. Its central location offers excellent connectivity to public transit, with easy access to all local amenities, ensuring strong demand for both current and future tenants. **** EXTRAS **** Monthly rent income: #1(1bdrm/2nd floor) =$666; #2 (1bdrm/ground) =$692; #3 (studio/ground) =$615; #4 vacant (1 bdrm/basement) potential income $1200; #5 vacant (1bdrm/ground floor) potential income $1500; #6 (studio/2nd floor) =$717 (id:24570)
Location
State ON
Interior
Heating Radiant heat
Exterior
Parking Features Yes
Community Features Community Centre
View Y/N No
Total Parking Spaces 7
Private Pool No
Building
Story 2
Sewer Sanitary sewer
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Listed by ROYAL LEPAGE REAL ESTATE SERVICES LTD.
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