$550,000
$579,000
5.0%For more information regarding the value of a property, please contact us for a free consultation.
4 Beds
6 Baths
SOLD DATE : 12/18/2024
Key Details
Sold Price $550,000
Property Type Multi-Family
Sub Type Multiplex
Listing Status Sold
Purchase Type For Sale
Approx. Sqft 1500-2000
MLS Listing ID X10440638
Sold Date 12/18/24
Style 2-Storey
Bedrooms 4
Annual Tax Amount $2,658
Tax Year 2024
Property Description
This investment property is located in the heart of London, offering a mix of six well-maintained apartments: four one-bedroom units and two studios. Four of the units are currently occupied by long-term tenants, providing immediate rental income, while two recently renovated units remain vacant, offering potential for higher returns ($20K spent on renovation). The property boasts an estimated net income of approximately $31,000 per year. Its central location offers excellent connectivity to public transit, with easy access to all local amenities, ensuring strong demand for both current and future tenants.
Location
Province ON
County Middlesex
Community South I
Area Middlesex
Zoning R2-2
Region South I
City Region South I
Rooms
Family Room No
Basement Full, Finished
Kitchen 6
Interior
Interior Features Separate Hydro Meter
Cooling None
Exterior
Parking Features Private
Garage Spaces 7.0
Pool None
Roof Type Asphalt Shingle
Lot Frontage 40.0
Lot Depth 125.0
Total Parking Spaces 7
Building
Foundation Unknown
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