159 ST JAMES STREET, London, Ontario, N6A 1W6

$1,198,000

MLS® # X10432559

Investment For Sale In North London, London, Ontario

$1,198,000

Property Information:

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! **** EXTRAS **** Please see Sales Brochure URL for more photos and floor plans with all room measurements. (id:27)

Building Features:

  • Style: Multiplex
  • Building Type: Other
  • Basement Development: Finished
  • Basement Type: N/A
  • Foundation Type: Concrete
  • Heating Type: Forced air
  • Heating Fuel: Natural gas
  • Cooling Type: Central air conditioning
  • Appliances: Dishwasher, Dryer, Refrigerator, Stove, Washer

Property Features:

  • Property Type: Multi-family
  • Bedrooms: 5+2
  • Bathrooms: 6
  • Amenities Nearby: Park, Hospital, Schools, Public Transit
  • Features: Cul-de-sac
  • Irregular: Yes
  • Lot Depth: 88.0 Feet
  • Lot Frontage: 66.0 Feet
  • Lot Size: 66 x 88 FT ; 66.16 x 88.32 x 66.16 x 88.49
  • Surface Water:
  • Zoning: R2-2(7)
  • Sewer: Sanitary sewer
  • Parking Type: Attached garage
  • No. of Parking Spaces: 9

Rooms:

  • Kitchen 2nd Level 2.69 m x 2.56 m
  • Breakfast 2nd Level 3.57 m x 4.22 m
  • Bedroom 2nd Level 3.86 m x 2.54 m
  • Laundry 3rd Level 1.96 m x 3.21 m
  • Bedroom 3rd Level 3.61 m x 3.74 m
  • Bedroom 3rd Level 3.61 m x 2.80 m
  • Bedroom 3rd Level 4.93 m x 4.54 m
  • Kitchen Basement Level 4.50 m x 3.95 m
  • Living Main Level 3.94 m x 5.34 m
  • Kitchen Main Level 3.86 m x 6.92 m
  • Bedroom Main Level 4.39 m x 4.80 m
  • Family Main Level 4.93 m x 8.88 m

Courtesy of: CENTURY 21 FIRST CANADIAN CORP

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

Additional Photos