Matthew Tenk
Broker of Record
63 Cleveland Place London, Ontario N5Z 4T5
$995,000
Enhance your investment portfolio with this ideal property! Featuring three distinct units, each boasting its own separate entrance, this brand-new triplex offers exceptional investment potential. Not only will it require minimal maintenance, but it also presents an excellent opportunity for house-hacking. Seize the opportunity presented by recent changes in city building requirements and make the most of this property. The main floor features a self-contained bachelor unit equipped with its own kitchen and full bathroom, accessible through a separate entrance. Additionally, a spacious two-bedroom unit can be found on the same floor. Moving to the second floor, you'll discover a complete home with four bedrooms, 2.5 bathrooms, a separate kitchen, and a dedicated laundry area. With today's market rents, this property has the potential to generate positive cash flow when fully occupied. Estimated Rents to be $65,000+ per year. Call for any questions! (id:39551)
Property Details
| MLS® Number | 40490694 |
| Property Type | Multi-family |
| Amenities Near By | Hospital, Place Of Worship, Playground, Public Transit |
| Community Features | School Bus |
| Features | Cul-de-sac |
| Parking Space Total | 8 |
Building
| Bathroom Total | 5 |
| Bedrooms Total | 7 |
| Appliances | Garage Door Opener |
| Basement Type | None |
| Cooling Type | Central Air Conditioning |
| Exterior Finish | Brick, Brick Veneer, Hardboard |
| Fireplace Present | No |
| Foundation Type | Poured Concrete |
| Heating Type | Forced Air |
| Stories Total | 2 |
| Size Interior | 2500 |
| Type | Triplex |
| Utility Water | Municipal Water |
Parking
| Attached Garage |
Land
| Acreage | No |
| Land Amenities | Hospital, Place Of Worship, Playground, Public Transit |
| Sewer | Municipal Sewage System |
| Size Frontage | 37 Ft |
| Size Irregular | 0.38 |
| Size Total | 0.38 Ac|under 1/2 Acre |
| Size Total Text | 0.38 Ac|under 1/2 Acre |
| Zoning Description | R1-4 |
https://www.realtor.ca/real-estate/26101650/63-cleveland-place-london
Interested?
Contact us for more information
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
London and St. Thomas Association of REALTORS®
Century 21 First Canadian Corp., Brokerage
September 26 2023 04:02:29
