1005 Notre Dame Dr
London, N6J3C3
For Sale
$7,250,000
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Apartment
CATEGORY24,864 Sq Ft
TOTAL AREAX8199670
MLSIDContact Us
Property Description
Triple "A" 23 unit building. Great location, renovations completed with high end finishes and quality work. Pride of ownership throughout this investment. 21 units completed as per interior photos, mix 9-1 bedrooms & 14-2 bedrooms. Always rented, with great tenants. Possibly the best renovated and maintained 23 unit building in London, Ontario. Great opportunity to own this worry free investment with value added. Do not disturb tenants or gain access to the building. ASSUMABLE C.M.H.C. FIRST MORTGAGE WITH FIRST NATIONAL 3,200,000 @ 2.88% MATURING SEPT/1/2029 WITH THE CURRENT MORTGAGE IT'S A 5.66 CAP RATE.
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Property Details
Category
Apartment
Zoning
R8-2
Total Area
24,864 Sq Ft
Lot Size
206' x 87'
Taxes
$42,006 (2023)
Parking Spaces
23
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Listing contracted with Century 21 First Canadian Corp.
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Welcome to the McClary Apartments, an exceptional investment opportunity in the heart of Old South, composed of two well-maintained apartment buildings totalling 34 units. Located at 11 & 23 McClary Avenue, this property offers a prime location in a trendy and highly sought-after neighborhood. Situated just minutes from the city core, amenities and employment nodes Old South has garnered recognition as one of the top neighbourhoods in London. Recent improvements include the Roof (2023), Parking Lot (2023), Laundry (2021), and Boiler (2021).
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Note: This listing 1061 & 1057 to gether, Very convenience location, Very close to Hospital, University of Western, Other Colleges, Step to bus route, unlimited potential to be unlocked with your imaginary finishing of this building, First floor and second floor most work done, basement most work done, you must see to appriciate the layout, there are 12 larger unit, total of 27 washrooms. lots of parking for your tenants, *** see attachement The following are permitted uses in the NF Zone variation:a) Places of Worship;b) Elementary schoolsc) Day care centres. (Z-1-132222), The following are permitted uses in the NF1 Zone variation:a) Any use permitted in the NF Zone variation (Churches deleted byZ-1-051390)b) Community centres;c) deleted by (Z-1-132222);d) (Elementary schools deleted by Z-1-051390)e) Libraries;f) Private schoolsg) Fire stations. (O.M.B. File #R 910387 - Appeal #9006-2 June 4,1993)h) Private club; (Z-1-051390)i) Police station (Z-1-051390) ***
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