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BEDROOMS5
BATHROOMS4
KITCHENS11
ROOMSX9253691
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-08-14 | 2025-02-13 | 183 | $749,900 | - | Expired |
| 2024-03-18 | 2024-08-11 | 151 | $795,000 | - | Expired |
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Property Description
Exciting Investment Opportunity! Highly Desirable Rental Property Conveniently Located Near Downtown. This Three-Unit Building Is Situated On A Spacious Lot, Within Walking Distance To Downtown And Near Major Transit Routes. Units 1 And 2 Offer Two Bedrooms And One Bathroom Each On The Ground Level. Unit 3, Located On The Upper Level, Is Divided Into Three Separate Units (A, B, And C). Unit A Features 2 Bedrooms And 1 Bathroom, Unit B Has 1 Bedroom And 1 Bathroom, And Unit C Is A Bachelor Unit With A Bathroom. Experience The Beauty Of Scenic Trails Along The Thames River, Attend Major Ball Games In London, And Enjoy Various Festivals And Entertainment Events Downtown. This Property Generates A Net Income Of $58,000 Annually, With A Pro Forma Worksheet Available For Review Upon Request. With A Remarkable Cap Rate Of 7.1%, This Investment Opportunity Is Not To Be Missed. Act Swiftly To Seize This Lucrative Opportunity!
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An exceptional opportunity awaits with this residential 6-plex located on a prominent corner lot in London, Ontario. Offering flexible commercial zoning, this property provides endless possibilities for future use while currently generating a gross rental income of nearly $80,000annually. Positioned in a sought-after area of London, the property is close to key amenities, transit routes, and thriving local businesses, making it attractive for tenants and future commercial ventures. Whether you're looking to diversify your portfolio or explore potential commercial opportunities, this 6-plex is a rare gem in a growing market.
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