Matthew Tenk
Broker of Record
763 Colborne Street London, Ontario N6A 3Z8
$799,900
Exciting Update on Rental Property! Achieving a 5.1% Cap Rate with Over $50,000 in Gross Income! Explore this property with an exceptionally deep lot, just moments away from Downtown, Western University, Fanshawe College, St. Joseph's Hospital, and numerous amenities. This two-story brick residence is fully occupied and ready for a new owner. It comprises lower, first, and second-floor units, each with its own entrance. The lower and first-floor units include utilities, while the second unit is separately metered for electricity. Additional revenue streams come from local businesses leasing parking spaces at the rear of the property. Don't miss out on this opportunity to own a slice of downtown London! Income and expense details are available upon request. This property is completely turnkey! (id:39551)
Property Details
| MLS® Number | X9251807 |
| Property Type | Single Family |
| Community Name | East B |
| Parking Space Total | 5 |
Building
| Bathroom Total | 3 |
| Bedrooms Above Ground | 5 |
| Bedrooms Below Ground | 1 |
| Bedrooms Total | 6 |
| Basement Development | Finished |
| Basement Type | Full (finished) |
| Exterior Finish | Concrete |
| Fireplace Present | No |
| Foundation Type | Block |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 2 |
| Type | Triplex |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Sewer | Sanitary Sewer |
| Size Depth | 251 Ft |
| Size Frontage | 31 Ft ,11 In |
| Size Irregular | 31.99 X 251 Ft |
| Size Total Text | 31.99 X 251 Ft |
| Zoning Description | R2-2 |
https://www.realtor.ca/real-estate/27284321/763-colborne-street-london-east-b
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
October 09 2024 04:30:51
