$799,900 FOR SALE

Triplex 2-Storey

Bedrooms: 5+1Bathrooms: 3Lot: 31.99 x 251 ft
2023 Taxes: $5,508

763 Colborne St
London, ON N6A 3Z8 | East B | Middlesex

Exciting Update on Rental Property! Achieving a 5.1% Cap Rate with Over $50,000 in Gross Income! Explore this property with an exceptionally deep lot, just moments away from Downtown, Western University, Fanshawe College, St. Joseph's Hospital, and numerous amenities. This two-story brick residence is fully occupied and ready for a new owner. It comprises lower, first, and second-floor units, each with its own entrance. The lower and first-floor units include utilities, while the second unit is separately metered for electricity. Additional revenue streams come from local businesses leasing parking spaces at the rear of the property. Don't miss out on this opportunity to own a slice of downtown London! Income and expense details are available upon request. This property is completely turnkey!

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Listed By CENTURY 21 FIRST CANADIAN CORP
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number X9251807
Last Updated Aug 13, 2024
Property Summary
Property Type Triplex

More like this:
PIN 082400079
Legal Description PT LT 19 W/S COLBORNE ST AS IN LC158203; S/T & T/W ED26206 LONDON
Parcel of Tied Land N
Possession Date Flexible
Taxes (2023) $5,508
Assessment (2024) $438,000
Directions/Cross Streets Left onto Colborne from Oxford heading East.
Neighbourhood East B
Area Middlesex
Price History
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Detailed Information
Fronting On E
Special Designations Unknown
Bedrooms 5+1
Bathrooms 3
Kitchens 2+1
Lot 31.99 x 251 ft
Exterior Concrete
Air Conditioning None
Family Room Y
Fireplace/Stove N
Pool None
Basement Finished, Full
Drive Front Yard
Garage Spaces 0.0
Garage Type None
Parking Spaces 5
Total Parking Spaces 5.0
Heat Source Gas
Heat Type Forced Air
Sewers Sewers
Water Municipal
Zoning R2-2
Seller Property Info Statement N
Bathrooms
Pieces Level
3Bsmt
3Main
32nd

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