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$1,350,000
Est. payment /mo
14 Beds
5 Baths
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Approx. Sqft 5000 - 100000
Subdivision North K
MLS® Listing ID X13880470
Bedrooms 14
Property Description
Excellent investment opportunity in highly desirable and convenient London location, offering multiple income streams and significant rental upside. The property features a legal 4-unit residential building, with each apartment offering 3 bedrooms and 1 living room. Plus, a separate 2-bedroom, 1 living room house on the same property. The property is currently rented at approximately $500 per bedroom per month. Based on current rental demand and comparable accommodations in the area, market rents may be approximately $800 per bedroom per month, subject to market conditions, tenant demand, and applicable regulations. This represents meaningful potential for an investor to improve rental income over time through proper management and market positioning. The location is particularly attractive for a student and professional tenants, with a university, shopping, restaurants, public transit, and other amenities nearby. The property's multiple bedrooms, existing residential configuration and separate house provide excellent flexibility for rental income, owner occupancy, or multi-generational living. The property is currently zoned R8-4R3. . A rare opportunity to acquire a multi-unit property with a substantial existing accommodation, strong rental demand, and significant potential to increase income. An excellent option for investors seeking both current rental income and long-term appreciation and redevelopment potential. (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Extra Room 1 Second level 4.91 m X 3.93 m Bedroom
Extra Room 2 Second level 3.63 m X 2.77 m Bedroom
Extra Room 3 Second level 3.63 m X 2.56 m Bedroom
Extra Room 4 Second level 4.48 m X 3.52 m Bedroom
Extra Room 5 Second level 3.41 m X 2.71 m Bedroom
Extra Room 6 Second level 3.38 m X 2.62 m Bedroom
Interior
Heating Baseboard heaters, ,
Cooling None
Exterior
Parking Features No
View Y/N Yes
View City view
Attached Garage No
Total Parking Spaces 5
Garage No
Private Pool No
Building
Sewer Sanitary sewer
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Listed by RIGHT AT HOME REALTY
Nearby Locations
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