Description
FULLY LEASED ALMOST $2,500/Month Positive Cashflow! Legal 5-unit property offering exceptional cash flow, featuring four spacious 2-bedroom units and one large 3-bedroom unit, each with their own full bath, kitchen, and own insuite laundry. Meticulously updated and generously sized, every unit has its own hydro meter and separate entrance. Ideally located on a key arterial road just 2 km from the city's central business and administrative corridor, this property is surrounded by amenities that make it highly desirable for tenants, including public transit at the doorstep, grocery stores, restaurants, schools, and healthcare facilities within walking distance. It is also very close to the London Health Sciences Centre, Vauxhall Park, Boyle Memorial Park, and several community centres. The prime location supports its continued use as a strong multi-residential asset, offering excellent connectivity, access to essential services, and a stable urban setting conducive to long-term tenancy. Annual income of $90k + this is an outstanding investment opportunity.
Details
| MLS # | 40841808 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1888 |
| Days On Site | 140 |
| Listing Provided By | Rock Star Real Estate Inc. | Mike Desormeaux |
Features
| Bed(s) | 11 |
|---|---|
| Bath(s) | 5 |
| SQ Feet | 3,668 |
| Basement | Y |
| Story(s) | 2 |
| Units | 5 |
| Zoning | AC4 AC5 |
Interior
| Appliances | Dishwasher, Dryer, Refrigerator, Stove, Washer |
|---|---|
| Interior Features | Separate Hydro Meters |
| Cooling | None |
| Cooling Yes / No | No |
| Heating | Forced Air, Natural Gas |
| Heating Yes / No | Yes |
| Laundry Features | In-Suite |
Exterior
| Exterior Features | Separate Hydro Meters |
|---|---|
| Lot Features | Irregular Lot, Public Transit, Shopping Nearby |
| Construction Materials | Brick, Vinyl Siding |
| Roof | Asphalt Shing |
| Fencing | Full |
| Patio And Porch Features | Patio |
| Security Features | Carbon Monoxide Detector(s) |
Utilities
| Sewer | Sewer (Municipal) |
|---|
Taxes
| Tax Annual Amount | 6012 |
|---|
Area Information
| Province | ON |
|---|---|
| County | Middlesex |
| City | London |
| Postal Code | N5Z 1P9 |
| Area | East |
| Subarea | East L |
| Community Name | East L |
| Listing VS Median (in East L) | |
Price: $769,900 low | high Med: $339,900 sqft: 3,668 low | high Med: 1,505 $ / sqft: $210 low | high Med: $226 On site: 140 low | high Med: 195 | |
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Learn More About This Property
| Province | ON |
|---|---|
| County | Middlesex |
| City | London |
| Postal Code | N5Z 1P9 |
| Area | East |
| Subarea | East L |
| Community Name | East L |
| Listing VS Median (in East L) | |
Price: $769,900 low | high Med: $339,900 sqft: 3,668 low | high Med: 1,505 $ / sqft: $210 low | high Med: $226 On site: 140 low | high Med: 195 | |