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144 William Street London, Ontario N6B 3B5

6 Bedroom 4 Bathroom 1286
Central Air Conditioning Forced Air

$875,000

FULLY UPDATED LEGAL NON-CONFORMING USE TURNKEY FOURPLEX - IDEAL FOR LOW STRESS INCOME PROPERTY FOR INVESTORS This hidden gem nestled away on a quiet side street in the gentrified hub of SOHO (South of Hamilton Road) boasts solid income on all four rented units. With this projected rent of the vacant unit factored in this property would have approximately a 5.8%+ Cap Rate at the Asking Price. This property has very high quality tenants that have been an added blessing to this cash flowing asset. All of the units were renovated with new furnace, hot water heaters, roof, windows, flooring, kitchens, washroom upgrades, new trim and millwork, stucco, interior and exterior paint and other recent upgrades since ownership. In behind this property is a spacious inclose back yard and parking. In this best way this property feels private and disconnected and would make a great option for the new owner to live in the vacant two bedroom unit. This property has operated as a legal non-conforming use fourplex going back past the early 90s (potentially and likely longer). (id:39551)

Property Details

MLS® Number 40436770
Property Type Multi-family
Amenities Near By Park, Place Of Worship, Public Transit, Schools, Shopping
Communication Type High Speed Internet
Community Features School Bus
Features Crushed Stone Driveway
Parking Space Total 4

Building

Bathroom Total 4
Bedrooms Total 6
Basement Development Finished
Basement Type Full (finished)
Construction Style Attachment Detached
Cooling Type Central Air Conditioning
Exterior Finish Brick, Stucco
Fireplace Present No
Foundation Type Brick
Heating Fuel Natural Gas
Heating Type Forced Air
Stories Total 1
Size Interior 1286
Type Fourplex
Utility Water Municipal Water

Land

Access Type Road Access
Acreage No
Land Amenities Park, Place Of Worship, Public Transit, Schools, Shopping
Sewer Municipal Sewage System
Size Depth 99 Ft
Size Frontage 55 Ft
Size Irregular 0.127
Size Total 0.127 Ac|under 1/2 Acre
Size Total Text 0.127 Ac|under 1/2 Acre
Zoning Description R2-2

Utilities

Cable Available
Electricity Available
Natural Gas Available
Telephone Available

https://www.realtor.ca/real-estate/25706520/144-william-street-london

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