69 Oliver St

East L, London, N5Z 2E8
FOR SALE
$1,099,000
69 Oliver St, London
69 Oliver St
69 Oliver St
69 Oliver St
69 Oliver St
69 Oliver St
69 Oliver St
69 Oliver St
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8 + 3
BEDROOMS
6
BATHROOMS
6
KITCHENS
23
ROOMS
X9388173
MLSID
Contact Us
Property Description
Purpose built all brick 6 unit apartment building with a metal roof. 3 storey walk up consists of 5 spacious 2-bedroom units and a 1-bedroom apartment. Laundry room on lower level, coin operated. Separate hydro meters so all rents are plus Hydro. Quiet location in the East end near a school and shopping.Gross income approximately $64,476.00. Huge upside potential on the tents of approximately $47,064.00 which adds about $800,000.00 in value to the property. Income and expenses information available in the documents.
Listing History
List Date End Date Days Listed List Price Sold Price Status
2024-07-10 2024-10-10 92 $1,299,000 - Terminated
Extras
Don't miss out on this huge potential, this new price of $1,099,000 is a reduction of $200,000 from previous Listing.
Property Features
Hospital, Library, Park, Public Transit, School
Property Details
Street
Community
City
Property Type
Multiplex, 3-Storey
Approximate Sq.Ft.
5000+
Lot Size
52' x 105'
Fronting
East
Taxes
$4,296 (2023)
Basement
Full
Exterior
Brick
Heat Type
Radiant
Heat Source
Gas
Air Conditioning
None
Water
Municipal
Parking Spaces
4
Driveway
Lane
Garage Type
None
Listing contracted with Sutton Group - Select Realty
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FOR SALE
MONEY MAKER! Legal Five-Unit Property FULLY LEASED! Consisting Of Four Two-Bedroom Units And One Large Three-Bedroom Unit. Each Unit Has One Bath, Kitchen, And Its Own Private Laundry. Meticulously Updated. All Units Are Large In Size And Each Has Its Own Hydro Meter And Separate Entrance. Located In An Excellent Rental Area. Annual Income Projected At $95,340 Per Year. Unit #1 Rented At $1,550 + Hydro, Unit #2 Rented At $1,500 + Hydro, Unit #3 Rented At $1,300 + Hydro, Unit #4 Rented At $1,600 + Hydro, Unit #5 Rented At $1,900 + Hydro. Cap Rate Of 6.9%. An Amazing Investment Opportunity With All Units Currently Tenanted At Market Rents. Annual Income $94,200. The Buyer And The Buyer's Agent Are Responsible For Verifying All Income And Expenses.
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