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Key Details
Sold Price $940,000
Property Type Multi-Family
Sub Type Multiplex
Listing Status Sold
Purchase Type For Sale
Approx. Sqft 2500-3000
Subdivision East H
MLS Listing ID X12023560
Sold Date 09/15/25
Style 2-Storey
Bedrooms 15
Annual Tax Amount $4,609
Tax Year 2024
Property Sub-Type Multiplex
Lot Depth 115.0
Lot Front 125.16
Appx SqFt 2500-3000
Property Description
Attention investors! Don't miss out on this unique opportunity to own 8 units across three separate buildings. There's significant potential for value-added opportunities, including the creation of additional units and further development. Conveniently located near Fanshawe College and Argyle Mall, and with easy access to the 401 highway, making these units are appealing to a broad range of tenants. The large parking lot offers ample space for all tenants, plus extra room for visitors. Recent upgrades include all roofs being replaced in 2022, two new boilers (2023), and one new furnace (2021). Four of the 8 units have been fully renovated, leaving the remaining 4 units with great value-add opportunity. Current rental income is $101,168, with potential to reach up to $122,000.
Location
Province ON
County Middlesex
Community East H
Area Middlesex
Zoning R2-3
Rooms
Family Room No
Basement Partially Finished
Kitchen 15
Separate Den/Office 1
Interior
Interior Features None
Cooling Other
Exterior
Exterior Feature Patio, Landscaped, Year Round Living
Parking Features Available, Private, Unreserved
Pool None
Roof Type Other
Lot Frontage 125.16
Lot Depth 115.0
Total Parking Spaces 10
Building
Foundation Other
Others
Senior Community No
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