585 Colborne St

Fabulous Investment Opportunity To Own This Property Located In The Heart Of Old East London. 4 Vehicle Parking In The Back Alley. On Site Laundry. Main Floor 2 Bd + Den And 4 pc Bath. Upper Unit Is A 1 Bedroom 1 Bath. Both Units Are Leased . 3rd Unit In The Basement Which Is Currently Vacant. Fully Fenced Yard. All Units Come Equipped With Fridge And Stove.

Location, Location, Location! This legal triplex, situated on the south side of London's South Collegiate Institute in the sought-after Old South neighbourhood, offers a prime investment opportunity. The property includes a two-car garage and ample parking space. It features two fully rented two-bedroom apartments and a one-bedroom lower-level apartment. With two separate hydro meters, this property is well-equipped for efficient management.

Exciting Update on Rental Property! Achieving a 5.1% Cap Rate with Over $50,000 in Gross Income! Explore this property with an exceptionally deep lot, just moments away from Downtown, Western University, Fanshawe College, St. Joseph's Hospital, and numerous amenities. This two-story brick residence is fully occupied and ready for a new owner. It comprises lower, first, and second-floor units, each with its own entrance. The lower and first-floor units include utilities, while the second unit is separately metered for electricity. Additional revenue streams come from local businesses leasing parking spaces at the rear of the property. Don't miss out on this opportunity to own a slice of downtown London! Income and expense details are available upon request. This property is completely turnkey!

Situated on a beautiful quiet treed street, sits this newly renovated historic charmer multi-unit property. The second story addition of a new upper legal unit was just completed with building permit in 2023. This is the perfect owner occupy mortgage helper, multi-generational home or turnkey investment property (over $62,000 annual rent income possible). Presently the main level three bedroom unit is rented at $2074 a month plus utilities; while both the upper level unit and the garden suite units are each generating $1423 a month inclusive of utilites. These two units are set to turn and the projected rent is $1549 for the upper unit and $1595 for the garden suite. There is a rare detatched coach house tucked away in the backyard that provides the perfect work-from-home studio location you have been searching for or just additional income! Top to bottom, nearly everything has been redone from new luxury vinyl plank floors throughout, new roofs, a new on demand high efficiency hot water heater system, new plumbing and electrical throughout, energy efficient windows, brand new kitchens (with gas stoves), brand new redone bathrooms with luxury tile, stainless steel appliances, and a brand new heat pump / AC system to be installed prior to closing. This is not one to miss, such a unique property with all these features rarely comes on the market. Seller financing / vendor take back option to aid in the process of downpayment possible for qualified buyers. Dont wait!

A triplex on John Street in the heart of Richmond Row. A bachelor and 2 one bedroom units. Great old house built in 1888. Nice brick, steel roof, laneway access. Separate entrance to the basement. Forced air gas heat. Some newer windows. Bachelor $1195, lower one bedroom $800; upper one bedroom $595. Expenses: taxes $4722.06; heating $4046; insurance $3500. Tenants pay hydro and water. This could be renovated back to a single family home. Lots of potential.