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!
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
Interested in obtaining the full price history for this property? Contact us!Contact us! Our real estate professionals would be happy to provide a complete listing history with historical sold prices and dates.
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
3
Bsmt
3
Main
3
2nd
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