$645,000 | Available For Sale

$645,000

Available - For Sale

Listing ID: X11932633

London, Ontario

Great investment property close to downtown with short bus rides to both of Fanshawe College and Western University. Fully tenanted property with total rental income of $3800 per month (upper leased until Aug 2025 - $1650, and main is March 2025 - $2150) with tenants paying all utilities. Tenants are planning on staying. Fully funded this property has a capitalization rate between 5.5% and 6% meaning right from the start it is cash flow positive. Building was cleaned up and renovated in 2023 so very little can be expected in terms of maintenance fees for the next few years. Rents are slightly below market value meaning this building will perform more strongly and be an even better addition to your portfolio as time progresses. This yellow brick home sits on the edge of Woodfield and Old East Village. The main floor has 2 large bedrooms plus a basement with additional room. The upper has 1 bedroom plus den, both with in suite laundry. Property is being sold fully furnished excluding tenants belongings. Parking is at the rear of the building and access is off of Princess.

Price	$645,000
Taxes:	$2674.31
Lot Size:	31.28 x 120.29 (Feet)
Directions/Cross Streets:	North of Princess St.

Rooms:	9
Bedrooms:	3
Bedrooms +:	2
Kitchens:	1
Kitchens +:	1
Family Room:	N
Basement:	Part Fin

Property Type:	Duplex
Style:	2-Storey
Exterior:	Brick
Garage Type:	None
(Parking/)Drive:	Pvt Double
Drive Parking Spaces:	4
Pool:	None

Fireplace/Stove:	Y
Heat Source:	Gas
Heat Type:	Forced Air
Central Air Conditioning:	None
Central Vac:	N
Sewers:	Sewers
Water:	Municipal

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Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.

INITIA REAL ESTATE (ONTARIO) LTD

Listing -1 of 0

RAJ SHARMA

Sales Representative

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905 598 8400

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905 458 1220

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At a Glance:

Type:	Freehold - Duplex
Area:	Middlesex
Municipality:	London
Neighbourhood:	East G
Style:	2-Storey
Lot Size:	31.28 x 120.29(Feet)
Approximate Age:
Tax:	$2,674.31
Maintenance Fee:	$0
Beds:	3+2
Baths:	2
Garage:	0
Fireplace:	Y
Air Conditioning:
Pool:	None

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