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933 Elias Street London, Ontario N5W 3P3

5 Bedroom 4 Bathroom 1469
Central Air Conditioning Forced Air

$699,900

Attention investors and house-hackers! An excellent turn-key opportunity with this triplex in Old East Village. With the front unit owner-occupied and the other two units rented to A++ tenants, there's an immediate income potential of over $50, 000. At market value rent the fully rented potential income increases to over $58, 000. Each fully-contained unit has its own entrance, with every unit containing it's own appliances, including a washer, dryer, dishwasher, and microwave. No shared spaces and all units are above-grade. Unit 1 (front) - 1 bedroom, 1 bathroom currently owner occupied and vacant upon close. Unit 2 (back) - 2 bedrooms, 1.5 bathrooms rented at $1565 per month. Unit 3 (upper) - 2 bedrooms, 1 bathroom rented at $1375 per month. One of the largest residential lots on Elias, boasting up to 8 parking spots. Located close to transit and in the desirable Old East Village. Right next door to the Western Fairgrounds and close to fun at The Factory. Easy transit to downtown, 401, Fanshawe, and Western. A great investment, whether a savvy investor or someone looking to house-hack to get into the market, it's an opportunity you don't want to miss! (id:39551)

Property Details

MLS® Number 40549233
Property Type Multi-family
Amenities Near By Airport, Hospital, Park, Playground, Public Transit, Schools, Shopping
Community Features Quiet Area, Community Centre
Parking Space Total 8
Structure Shed, Porch

Building

Bathroom Total 4
Bedrooms Total 5
Basement Development Unfinished
Basement Type Partial (unfinished)
Constructed Date 1912
Cooling Type Central Air Conditioning
Exterior Finish Brick
Fireplace Present No
Foundation Type Brick
Heating Fuel Natural Gas
Heating Type Forced Air
Stories Total 2
Size Interior 1469
Type Triplex
Utility Water Municipal Water

Land

Acreage No
Land Amenities Airport, Hospital, Park, Playground, Public Transit, Schools, Shopping
Sewer Municipal Sewage System
Size Depth 132 Ft
Size Frontage 50 Ft
Size Total Text Under 1/2 Acre
Zoning Description R3-2

https://www.realtor.ca/real-estate/26603583/933-elias-street-london

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