**TURN-KEY INVESTMENT OPPORTUNITY** WOW with a 6.3% cap rate! Better than the banks! Clean & well kept duplex in Old South near Wortley Village featuring a large 1-1 bedroom with combo kitchen/living area & 1-2 bedroom unit with a unique loft bedroom and large all purpose storage area. Zoned R2-2, currently with a non-conforming 3rd unit, 1 bedroom apartment with 2 floors, as an artist's studio which offers an open concept floor plan and unique large living space. Each unit has it's own private outdoor porch, sitting area or yard to enjoy. Great Old South location, with bus stops literally steps away & conveniently located minutes to Wortley Village, downtown, shopping, banking and all other amenities. Walking distance to Victoria & Parkwood Hospitals which offers great tenant opportunities to investors. The property always rents easily due to its proximity to UWO, Fanshawe, & other life essentials. Extra value & possible increase in revenue, could be generated with basement storage rental (value of over $5000). Great opportunity to add this property to your investment portfolio! (id:11882)
| MLS® Number | 40517476 |
| Property Type | Multi-family |
| Amenities Near By | Airport, Hospital, Park, Place Of Worship, Playground, Public Transit, Schools, Shopping |
| Community Features | Quiet Area, Community Centre, School Bus |
| Equipment Type | Water Heater |
| Features | Visual Exposure, Sump Pump |
| Parking Space Total | 3 |
| Rental Equipment Type | Water Heater |
| Structure | Shed, Porch |
| Bathroom Total | 3 |
| Bedrooms Total | 4 |
| Appliances | Window Coverings |
| Basement Development | Unfinished |
| Basement Type | Full (unfinished) |
| Cooling Type | None |
| Exterior Finish | Vinyl Siding |
| Foundation Type | Block |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air, Radiant Heat |
| Stories Total | 1 |
| Size Interior | 1885 |
| Type | Duplex |
| Utility Water | Municipal Water |
| Access Type | Road Access, Highway Access |
| Acreage | No |
| Fence Type | Fence |
| Land Amenities | Airport, Hospital, Park, Place Of Worship, Playground, Public Transit, Schools, Shopping |
| Sewer | Municipal Sewage System |
| Size Depth | 69 Ft |
| Size Frontage | 68 Ft |
| Size Total Text | Under 1/2 Acre |
| Zoning Description | R2-2 |
https://www.realtor.ca/real-estate/26315295/251-high-street-london
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®)
**TURN-KEY INVESTMENT OPPORTUNITY** WOW with a 6.3% cap rate! Better than the banks! Clean & well kept duplex in Old South near Wortley Village featuring a large 1-1 bedroom with combo kitchen/living area & 1-2 bedroom unit with a unique loft bedroom and large all purpose storage area. Zoned R2-2, currently with a non-conforming 3rd unit, 1 bedroom apartment with 2 floors, as an artist's studio which offers an open concept floor plan and unique large living space. Each unit has it's own private outdoor porch, sitting area or yard to enjoy. Great Old South location, with bus stops literally steps away & conveniently located minutes to Wortley Village, downtown, shopping, banking and all other amenities. Walking distance to Victoria & Parkwood Hospitals which offers great tenant opportunities to investors. The property always rents easily due to its proximity to UWO, Fanshawe, & other life essentials. Extra value & possible increase in revenue, could be generated with basement storage rental (value of over $5000). Great opportunity to add this property to your investment portfolio! (id:11882)
| MLS® Number | 40517476 |
| Property Type | Multi-family |
| Amenities Near By | Airport, Hospital, Park, Place Of Worship, Playground, Public Transit, Schools, Shopping |
| Community Features | Quiet Area, Community Centre, School Bus |
| Equipment Type | Water Heater |
| Features | Visual Exposure, Sump Pump |
| Parking Space Total | 3 |
| Rental Equipment Type | Water Heater |
| Structure | Shed, Porch |
| Bathroom Total | 3 |
| Bedrooms Total | 4 |
| Appliances | Window Coverings |
| Basement Development | Unfinished |
| Basement Type | Full (unfinished) |
| Cooling Type | None |
| Exterior Finish | Vinyl Siding |
| Foundation Type | Block |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air, Radiant Heat |
| Stories Total | 1 |
| Size Interior | 1885 |
| Type | Duplex |
| Utility Water | Municipal Water |
| Access Type | Road Access, Highway Access |
| Acreage | No |
| Fence Type | Fence |
| Land Amenities | Airport, Hospital, Park, Place Of Worship, Playground, Public Transit, Schools, Shopping |
| Sewer | Municipal Sewage System |
| Size Depth | 69 Ft |
| Size Frontage | 68 Ft |
| Size Total Text | Under 1/2 Acre |
| Zoning Description | R2-2 |
https://www.realtor.ca/real-estate/26315295/251-high-street-london
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®)
