Fantastic investment opportunity! This well-maintained multiplex offers five units and is ideally located just steps from Downtown London and within walking distance to Western University. The property features an attached double-car garage with two parking spaces, plus the convenience of seven additional spots spread across two private driveways - plenty of parking for tenants. This property is running a %7.0 CAP rate in a phenomenal student area with the opportunity to increase the other 4 units rental income for an even higher CAP rate. Close to public transit, grocery stores, the scenic Thames River, and Gibbons Park, this prime location provides easy access to all amenities, making it highly attractive to both students and professionals. Don't miss out on this excellent chance to own a solid income-generating property in a sought-after area!
Property Type:
Freehold
Freehold Type:
Multiplex
Home Style:
2-Storey
Total Approx Floor Area:
2500-3000
Lot Size:
< .50
Depth:
88'26.8 m
Frontage:
66'20.1 m
Exposure:
South
Bedrooms:
5+2
Bathrooms:
6.0
Water supply:
Municipal
Kitchens:
2
Kitchens in Basement:
1
Rooms:
11
Rooms Below Grade:
6
Zoning:
R2-2(7)
Heating type:
Forced Air
Heating Fuel:
Gas
Basement:
Finished
Fireplace/Stove:
No
Garage:
Attached
Garage Spaces:
2
Parking Spaces:
7
Total Parking Spaces:
9
Driveway:
Private
Family Room:
Y
Possession Details:
Flexible
Lot Irregularities:
66.16 x 88.32 x 66.16 x 88.49
Taxes:
$8,738.17 /
2024
Assessment:
$- /
-
Floor
Type
Size
Other
Main
Living
17'6"5.34 m × 12'11"3.94 m
-
Main
Kitchen
22'8"6.92 m × 12'8"3.86 m
-
Main
Br
15'8"4.80 m × 14'5"4.39 m
-
Main
Family
29'1¼"8.88 m × 16'2"4.93 m
-
2nd
Kitchen
8'10"2.69 m × 8'5"2.56 m
-
2nd
Breakfast
13'10"4.22 m × 11'8"3.57 m
-
2nd
Br
12'8"3.86 m × 8'4"2.54 m
-
3rd
Br
12'4"3.74 m × 11'10"3.61 m
-
3rd
Br
11'10"3.61 m × 9'2"2.80 m
-
3rd
Br
16'2"4.93 m × 14'11"4.54 m
-
3rd
Laundry
10'6"3.21 m × 6'5"1.96 m
-
Bsmt
Kitchen
14'10"4.50 m × 13'3.95 m
-
Floor
Ensuite
Pieces
Other
Main
-
4
Main
-
3
2nd
-
4
3rd
-
5
Bsmt
-
3
X2
Cul De Sac, Hospital, Park, Public Transit, River/Stream, School
42.08.0002
Please see Sales Brochure URL for more photos and floor plans with all room measurements.
Data was last updated December 26, 2024 at 11:55 AM (UTC)
Area Statistics
Listings on market:
13
Avg list price:
$1,198,000
Min list price:
$728,000
Max list price:
$4,500,000
Avg days on market:
51
Min days on market:
5
Max days on market:
168
These statistics are generated based on the current listing's property type
and located in
London. Average values are
derived using median calculations.
This website may only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate of the type being offered via the website.
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of the Toronto Regional Real Estate Board. The data is deemed reliable but is not guaranteed to be accurate.