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$ 864,900
Est. payment | /mo
11 Beds
6 Baths
$ 864,900
Est. payment | /mo
11 Beds
6 Baths
Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 3500-5000
Subdivision East L
MLS Listing ID X12443160
Style 2-Storey
Bedrooms 11
Annual Tax Amount $6,012
Tax Year 2024
Property Sub-Type Multiplex
Property Description
FULLY LEASED ALMOST $2,500/Month Positive Cashflow! Legal 5-unit property offering exceptional cash flow, featuring four spacious 2-bedroom units and one large 3-bedroom unit, each with their own full bath, kitchen, and own insuite laundry. Meticulously updated and generously sized, every unit has its own hydro meter and separate entrance. Ideally located on a key arterial road just 2 km from the city's central business and administrative corridor, this property is surrounded by amenities that make it highly desirable for tenants, including public transit at the doorstep, grocery stores, restaurants, schools, and healthcare facilities within walking distance. It is also very close to the London Health Sciences Centre, Vauxhall Park, Boyle Memorial Park, and several community centres. The prime location supports its continued use as a strong multi-residential asset, offering excellent connectivity, access to essential services, and a stable urban setting conducive to long-term tenancy. Annual income of $90k + this is an outstanding investment opportunity.
Location
Province ON
County Middlesex
Community East L
Area Middlesex
Rooms
Family Room No
Basement Partial Basement
Kitchen 5
Separate Den/Office 3
Interior
Interior Features Other
Cooling None
Fireplace No
Heat Source Gas
Exterior
Parking Features None
Pool None
Roof Type Asphalt Shingle
Lot Frontage 39.34
Lot Depth 108.26
Building
Building Age 100+
Foundation Unknown
Others
ParcelsYN No
Listed by ROCK STAR REAL ESTATE INC.