Your RESIDENTIAL HOME with Turn Key Investment Opportunity with a 6.3% cap rate return, better than the banks! Clean & well kept duplex in Old South near Wortley Village featuring a large 1 bedroom with combo kitchen/living area & a 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/yr).Great opportunity to add this property to your residential and/or investment portfolio, as you can live in one of the units and have the other 2 units pay your mortgage & expenses. (id:11882)
| MLS® Number | 40517448 |
| Property Type | Single Family |
| Amenities Near By | Hospital, Place Of Worship, Playground, Schools, Shopping |
| Communication Type | High Speed Internet |
| Community Features | Community Centre, School Bus |
| Equipment Type | Water Heater |
| Features | Sump Pump |
| Parking Space Total | 3 |
| Rental Equipment Type | Water Heater |
| Bathroom Total | 3 |
| Bedrooms Above Ground | 4 |
| Bedrooms Total | 4 |
| Appliances | Dryer, Refrigerator, Water Meter, Washer, Hood Fan |
| Architectural Style | Bungalow |
| Basement Development | Unfinished |
| Basement Type | Full (unfinished) |
| Construction Style Attachment | Detached |
| Cooling Type | None |
| Exterior Finish | Vinyl Siding |
| Foundation Type | Block |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 1 |
| Size Interior | 1885 |
| Type | House |
| Utility Water | Municipal Water |
| Access Type | Highway Access |
| Acreage | No |
| Land Amenities | Hospital, Place Of Worship, Playground, 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 |
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Second Level | Bedroom | 26'0'' x 18'0'' | ||
| Second Level | Bedroom | 16'9'' x 10'7'' | ||
| Main Level | 4pc Bathroom | Measurements not available | ||
| Main Level | 4pc Bathroom | Measurements not available | ||
| Main Level | 4pc Bathroom | Measurements not available | ||
| Main Level | Kitchen | 26'0'' x 26'0'' | ||
| Main Level | Kitchen | 9'9'' x 8'4'' | ||
| Main Level | Dining Room | 11'0'' x 10'5'' | ||
| Main Level | Bedroom | 12'0'' x 9'0'' | ||
| Main Level | Living Room | 19'7'' x 12'0'' | ||
| Main Level | Other | 10'6'' x 5'0'' | ||
| Main Level | Foyer | 5'0'' x 6'0'' | ||
| Main Level | Bedroom | 12'2'' x 10'5'' | ||
| Main Level | Kitchen | 15'4'' x 13'7'' |
| Cable | Available |
| Electricity | Available |
| Natural Gas | Available |
| Telephone | Available |
https://www.realtor.ca/real-estate/26315296/251-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®)
Your RESIDENTIAL HOME with Turn Key Investment Opportunity with a 6.3% cap rate return, better than the banks! Clean & well kept duplex in Old South near Wortley Village featuring a large 1 bedroom with combo kitchen/living area & a 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/yr).Great opportunity to add this property to your residential and/or investment portfolio, as you can live in one of the units and have the other 2 units pay your mortgage & expenses. (id:11882)
| MLS® Number | 40517448 |
| Property Type | Single Family |
| Amenities Near By | Hospital, Place Of Worship, Playground, Schools, Shopping |
| Communication Type | High Speed Internet |
| Community Features | Community Centre, School Bus |
| Equipment Type | Water Heater |
| Features | Sump Pump |
| Parking Space Total | 3 |
| Rental Equipment Type | Water Heater |
| Bathroom Total | 3 |
| Bedrooms Above Ground | 4 |
| Bedrooms Total | 4 |
| Appliances | Dryer, Refrigerator, Water Meter, Washer, Hood Fan |
| Architectural Style | Bungalow |
| Basement Development | Unfinished |
| Basement Type | Full (unfinished) |
| Construction Style Attachment | Detached |
| Cooling Type | None |
| Exterior Finish | Vinyl Siding |
| Foundation Type | Block |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 1 |
| Size Interior | 1885 |
| Type | House |
| Utility Water | Municipal Water |
| Access Type | Highway Access |
| Acreage | No |
| Land Amenities | Hospital, Place Of Worship, Playground, 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 |
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Second Level | Bedroom | 26'0'' x 18'0'' | ||
| Second Level | Bedroom | 16'9'' x 10'7'' | ||
| Main Level | 4pc Bathroom | Measurements not available | ||
| Main Level | 4pc Bathroom | Measurements not available | ||
| Main Level | 4pc Bathroom | Measurements not available | ||
| Main Level | Kitchen | 26'0'' x 26'0'' | ||
| Main Level | Kitchen | 9'9'' x 8'4'' | ||
| Main Level | Dining Room | 11'0'' x 10'5'' | ||
| Main Level | Bedroom | 12'0'' x 9'0'' | ||
| Main Level | Living Room | 19'7'' x 12'0'' | ||
| Main Level | Other | 10'6'' x 5'0'' | ||
| Main Level | Foyer | 5'0'' x 6'0'' | ||
| Main Level | Bedroom | 12'2'' x 10'5'' | ||
| Main Level | Kitchen | 15'4'' x 13'7'' |
| Cable | Available |
| Electricity | Available |
| Natural Gas | Available |
| Telephone | Available |
https://www.realtor.ca/real-estate/26315296/251-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®)
