Welcome to your new investment property! 4 self-contained units await in the heart of London. Steps from Wellington and Richmond, walking distance to shopping, groceries, bars, restaurants. Close to downtown, just blocks away from the train station. Each unit is separately metered for hydro. Unit 1 features 1 bedroom on the main floor, with 2 in the basement, washer/dryer, dishwasher and 2 parking spots. Unit 2- 2 beds, washer/dryer, dishwasher. Unit 3- 1 bedroom, 1 parking spot. Unit 4- 2 beds, washer/dryer, 2 parking spots and use of backyard. Check out the detailed floor plan in attachments for a great breakdown of each unit. Each unit is heated by electric baseboards, with tenants paying hydro. Landlords pay water and gas. Asphalt shingle roof done in 2019. 3 units currently rented with unit 1 being vacant, but in the place property manager is actively looking for a new tenant. This is a turn-key rental property that will add considerable value to your current holdings or make a great first investment! **** EXTRAS **** Rent for each unit: Unit 1- Rented in the past for $2,050 (3 bed), Unit 2- Rented for $1,500 (2 bed), Unit 3- $544.50 (1 bed), Unit 4- $1,800 (2 bed). Current property manager in place charges 7% of monthly rent. (id:47423)
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Detailed Information
Bedrooms
6+2
Bathrooms
4
Lot
34 x 132 ft
Listing Contract Date
2024-09-03
Location Description
Central Ave and Wellington St
Ownership Type
Freehold
# of Parking Spaces
4
Property Type
Single Family
Transaction Type
For sale
Building
Basement Development
Finished
Basement Type
Partial (Finished)
Construction Style (Attachment)
Detached
Exterior Finish
Brick
Foundation Type
Poured Concrete
Heating Fuel
Electric
Heating Type
Baseboard heaters
Stories Total
3
Type
House
Utility Water
Municipal water
Rooms
Room
Level
Dimensions
Notes
Bedroom
Second level
3.25 m x 3.76 m
Bedroom 2
Basement
3.1 m x 5.11 m
Bedroom 3
Basement
3.44 m x 5.1 m
Living room
Main level
4.99 m x 3.72 m
Bedroom 2
Main level
4.45 m x 3.09 m
Bedroom
Main level
3.96 m x 3.74 m
Dining room
Main level
2.39 m x 2.39 m
Kitchen
Main level
3.08 m x 3.44 m
Kitchen
Main level
3.31 m x 3.37 m
Living room
Main level
3.3 m x 4.94 m
Dining room
Main level
3.21 m x 3.74 m
Bedroom
Main level
2.72 m x 3.54 m
Land
Total Size
34.12 x 132.58 FT
Sewer
Sanitary sewer
Size of Irregular Land
34.12 x 132.58 FT
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