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$849,900
Est. payment /mo
6 Beds
2 Baths
2,000 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,000 sqft
Price per Sqft $424
Subdivision East B
MLS® Listing ID X12130084
Bedrooms 6
Originating Board London and St. Thomas Association of REALTORS®
Property Description
Turnkey licensed duplex in prime Old North location-steps to Gibbons Park and walking distance to UWO, St. Josephs Hospital, and Downtown London. High-demand rental area with proximity to transit, shopping, and entertainment as well as direct bus route to UWO. This extremely well-maintained property features a private double drive and 5 designated parking spots-rare and income-generating. Upper unit offers 4 bedrooms at $3,339/month. Main floor is a 2 bedroom unit leased at $2,100/month. Both units are leased until April 30, 2026. Annual rental income: $65,268 + $1,800/year from parking = $67,068 total. Each unit has in-suite laundry. Owner pays heat ($1,835/year) and hydro ($3,246/year). Recent upgrades include new furnace and a/c (2018), roof and skylights (2016), owned water heater and fresh paint throughout. Strong cap rate with potential for rent increases upon tenant turnover. This is an exceptional investment in a high-demand location with proven income and long-term value growth. (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating Forced air
Cooling Central air conditioning
Exterior
Parking Features No
Fence Fenced yard
View Y/N No
Total Parking Spaces 5
Private Pool No
Building
Story 2
Sewer Sanitary sewer
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Listed by COLDWELL BANKER POWER REALTY