273 Thompson Rd
London, N5Z 2Z3
FOR SALE
$1,149,000
Sold
$960,000
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9
BEDROOMS8
BATHROOMS2
KITCHENS11
ROOMSX6813876
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2023-09-13 | 2023-12-23 | 102 | $1,149,000 | $960,000 | Sold |
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Property Description
Rare Investment Opportunity - 8% Cap - Solid 9 Bedroom 8 Washroom Building Fully Tenanted And Currently Cash Flowing $92,400 With Potential To Increase To $102,600!!! This Building Is Always Tenanted And Professionally Managed. Features Coin-Op Laundry Earning An Additional $1,300 - $1,500. All Appliances Are Owned - Instant Hot Water Heater, Furnace, Air Conditioner. Electricity Utility Only - Low Utilities! City Of London Has No Density Cap On This Plot Of Land And The Property Can Be Further Expanded A Minimum Of 12 Units - Potentially Increasing Income To Over $250,000!! Favorably Zoned Commercial/Residential Allowing For Multiple Uses (Work/Live, Commercial, Multi-Family Residential). Large Lot To Allow For Development Of A Parking Lot, Extra Garage/Unit, Or Commercial Unit.
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Similar Listings
Investors Dream! This multi-family unit is calling out to all investors, don't miss out on this amazing opportunity. There is currently 3 separate units in this very large 4500 sf building. This is a place that you need to experience first hand to see all that it has to offer. Three kitchens, 6 full bath ,1 half bath, 4 separate entrances, 2 furnaces/AC, plenty of Parking ,walking distance to public transit and all Amenities, short 5 min bus to UWO main Campus.
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