Waterfront investment properties are a rare find in the city! Tenants love the location; central to bus routes including the new rapid transit, Thames Valley Parkway and all that downtown has to offer. Plenty of green space, a large parking lot with a space for every unit and then some, and a scenic view of the Thames River! The property consists of two buildings with 10-units total (one 6-unit building and one 4-unit building); in total there are five 1-bedroom 1-bathroom units, four 2-bedroom 1-bathroom units and one bachelor unit. All tenants pay promptly the first of every month and laundry machines are owned with one set in each building. One of the two bedroom units was just given a complete renovation and some of the roof has been redone. Plenty of opportunity to add value with some units paying below market rent (all units separately metered). Don't miss a great opportunity to invest in London!
Under Contract:
Hot Water Heater
Property Type:
Residential Freehold
Property Sub Type:
Multiplex
Home Style:
Other
Total Approx Floor Area:
5000 +
Lot Size:
.50-1.99
Lot Depth:
42'12.8 m
Lot Frontage:
79'5½"24.2 m
Lot Shape:
Irregular
Direction Faces:
North
Bedrooms:
14
Bathrooms:
10.0
Water supply:
Municipal
Kitchens:
10
Bedrooms Above Grade:
14
Kitchens Above Grade:
10
Rooms Above Grade:
33
Zoning:
OS4
Heating type:
Other
Heating Fuel:
Other
Foundation:
Other
Roof:
Asphalt Shingle, Metal
Basement:
Other
Fireplace/Stove:
No
Alternative Power:
None
Garage:
None
Garage Spaces:
0.0
Other Structures:
Garden Shed
Parking Features:
Private, Unreserved
Parking Spaces:
15
Total Parking Spaces:
15.0
Family Room:
No
Possession Details:
FLEXIBLE
Pool:
None
HST Applicable To Sale Price:
Not Subject to HST
Taxes:
$19,355 /
2025
Assessment:
$- /
-
Middlesex
London South
South F
Public Transit, Ravine, River/Stream, Waterfront, Wooded/Treed
Separate Heating Controls, Sump Pump, Water Heater
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