ON > London East (east D) > East D
London East (east D), ON N5V2E8,139 GODFREY DRIVE
London East (east D), ON N5V2E8,139 GODFREY DRIVE
London East (east D), ON N5V2E8,139 GODFREY DRIVE
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Gail Reeves Reid

Gail Reeves Reid

+1(416) 540-8681
$1,700,000
Est. payment /mo
6,000 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 6,000 sqft

Price per Sqft $283

Subdivision East D

MLS® Listing ID X12494896

Source London and St. Thomas Association of REALTORS®

Property Description

Excellent Investment Opportunity! Purpose-built, all-brick 9-unit apartment building featuring 6 two-bedroom, 2 one-bedroom, and 1 bachelor unit. Fully rented with great tenants, offering stable cash flow and minimal vacancy risk. Prime location near Fanshawe College, Northland Mall, bus routes, and easy 401 access. Gross rental income is $141,291 with an NOI of $94,896. Attractive assumable financing available (approx. 2.69%, subject to lender approval - contact listing agent for details). Perfect for gradual rent increases through natural turnover and updates. Tenants pay rent + hydro. Features include new boiler, coin-op laundry, ample parking, and exterior paint/siding updated in 2022. (id:24570)

Location

Province ON

Rooms

Kitchen 0.0

Interior

Heating Hot water radiator heat

Cooling None

Exterior

Parking Features No

View Y/N No

Total Parking Spaces 12

Private Pool No

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Listed by THRIVE REALTY GROUP INC.

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Gail Reeves Reid

Gail Reeves Reid

+1(416) 540-8681

Broker | License ID: 9520476

Broker License ID: 9520476

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