$849,900 $4,562 est/mo Sourced by Back At You

763 Colborne Street,London, ON N6A 3Z8

London ON, N6A 3Z8

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Description

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!

Details

MLS#40562082
Listing TypeFor Sale
StyleTown House
Sub-TypeResale
StatusActive
Year1901
Days On Site29
Listing Provided ByCENTURY 21 FIRST CANADIAN CORP., BROKERAGE | Durga Prasad Aaripaka

Features

Bed(s)6
Bath(s)3
SQ Feet1,872
BasementY
Story(s)2
Units3
ZoningR2-2
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Information Technology of Southern Ontario MLS.

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Listings Checked: 22 minutes ago
ProvinceON
CountyMiddlesex
CityLondon
Postal CodeN6A 3Z8
AreaEast
SubareaEast B
Community NameEast B
Listing VS Median (in East B)
Price:
$849,900
low | high
Med:
$776,900
58.589245793623% of Average
SqFt:
1,872
low | high
Med:
1,621
63.40811965812% of Average
$ / SqFt:
$454
low | high
Med:
$479
44.43495874501% of Average
On Site:
29
low | high
Med:
25
100% of Average
Sourced by Back At You
Listing Updated: April 23, 2024 at 5:14:44 PM PDT