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69 Oliver Street London, Ontario N5Z 2E8

11 Bedroom 6 Bathroom 5400
None Hot Water Radiator Heat

$1,390,000

Prime Real Estate Brokerage is pleased to present 69 Oliver Street. This purpose-built 3-storey walkup consists of five (5) spacious 2-bedroom units and one (1) large 1-bedroom unit and represents a highly demanded investment opportunity in London's east end. Concrete and brick construction makes this asset built to last. Significant room to increase rents, especially as the rental market continues to strengthen in London. With approximately 105% upside to market rents, step into this stable, cash-generating building, and add value through renovations as units turnover. The property features separately metered hydro which delivers a low operating expense ratio and will contribute to greater cashflow as rents are increased. (id:39551)

Property Details

MLS® Number 40331732
Property Type Multi-family
Amenities Near By Hospital, Park, Public Transit, Schools, Shopping
Community Features Quiet Area
Features Corner Site, Park/reserve, Laundry- Coin Operated
Parking Space Total 4

Building

Bathroom Total 6
Bedrooms Total 11
Basement Type None
Constructed Date 1958
Construction Material Concrete Block, Concrete Walls
Construction Style Attachment Detached
Cooling Type None
Exterior Finish Brick, Concrete
Fire Protection None
Fireplace Present No
Foundation Type Block
Heating Type Hot Water Radiator Heat
Stories Total 3
Size Interior 5400
Utility Water Municipal Water

Land

Access Type Highway Access
Acreage No
Land Amenities Hospital, Park, Public Transit, Schools, Shopping
Sewer Municipal Sewage System
Size Depth 105 Ft
Size Frontage 52 Ft
Size Irregular 0.128
Size Total 0.128 Ac|under 1/2 Acre
Size Total Text 0.128 Ac|under 1/2 Acre
Zoning Description R8-4

https://www.realtor.ca/real-estate/24931993/69-oliver-street-london

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