$1,149,000

Investment For Sale In Central London, London East (East F), Ontario

$1,149,000

Property Information:

PRIME LOCATION for an Investment. 6 Apartments suites in core area neighbourhood in a building with character that is always rented. NOTE 3 addresses 758 - 760 William Street & 563 Oxford St E. Driveway off both William and shared off Oxford. This 6-plex consists of 3 one-bedroom suites, 1 one-bedroom + den suite, 1 large studio suite, and 1 Attic two-bedroom suite (with in-suite laundry). Two suites share laundry in the basement. Surface parking for 3 cars (+ a few Blvd spots) and 1 in detached garage. Six electricity meters, one gas meter, one water meter. Five of six tenants pay person-use electricity (including individual A/C splits) with the landlord paying for basement suite. Higher-end Gas fired hot water heating / boiler which efficiently heats the units. Well maintained building and units. A few longer-termed tenants with below market rents. Located on many bus routes (Oxford), within walking distance to shopping & Richmond Row, restaurants, schools and parks. 1 minute walk to transit stop for Routes 04 & 17. Large front porch. and Balcony porches for upper floor tenants. The building is fully leased - Rent Annually is $91,296 including some lower rents. The garage is an added bonus for parking or addition possibility. Great Downtown living in a well-kept Gem. (id:27)

Building Features:

  • Style: Multiplex
  • Building Type: Multi-Family
  • Air Conditioning: Yes
  • Floor Space: 5200 sqft
  • Heating Type: Hot water radiator heat
  • Heating Fuel: Natural gas
  • Cooling Type: Fully air conditioned
  • Appliances: Dryer

Property Features:

  • Property Type: Multi-family
  • Bathrooms: 7
  • Amenities Nearby: Public Transit
  • Floor Space (approx): 5200 Square Feet
  • Irregular: Yes
  • Lot Depth: 70.0 Feet
  • Lot Frontage: 71.0 Feet
  • Lot Size: Bldg=71 x 70 FT
  • Zoning: OC4 R3-Multi-family Residential and Office
  • No. of Parking Spaces: 6

Courtesy of: TEAM GLASSER REAL ESTATE BROKERAGE INC.

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This listing content provided by REALTOR.ca has been licensed by REALTOR® members of The Canadian Real Estate Association.