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763 COLBORNE STREET, London East (East B), Ontario, N6A 3Z8

MLS® # X12142153
Investment For Sale In North London, London East (East B), Ontario
$689,900
763 Colborne Street, London East (East B), ON - Outdoor
763 Colborne Street, London East (East B), ON - Outdoor
763 Colborne Street, London East (East B), ON - Outdoor
763 Colborne Street, London East (East B), ON - Indoor
763 Colborne Street, London East (East B), ON - Indoor Photo Showing Laundry Room
763 Colborne Street, London East (East B), ON - Indoor
763 Colborne Street, London East (East B), ON - Indoor Photo Showing Other Room
763 Colborne Street, London East (East B), ON - Indoor
763 Colborne Street, London East (East B), ON - Indoor Photo Showing Kitchen With Double Sink
763 Colborne Street, London East (East B), ON - Indoor Photo Showing Bathroom
763 Colborne Street, London East (East B), ON - Indoor Photo Showing Bedroom
763 Colborne Street, London East (East B), ON - Indoor Photo Showing Kitchen
763 Colborne Street, London East (East B), ON - Indoor
763 Colborne Street, London East (East B), ON - Indoor
763 Colborne Street, London East (East B), ON - Indoor Photo Showing Basement
763 Colborne Street, London East (East B), ON - Indoor
763 Colborne Street, London East (East B), ON - Outdoor
763 Colborne Street, London East (East B), ON - Outdoor
763 Colborne Street, London East (East B), ON - Outdoor
763 Colborne Street, London East (East B), ON - Outdoor
763 Colborne Street, London East (East B), ON - Indoor
763 Colborne Street, London East (East B), ON - Indoor Photo Showing Laundry Room
763 Colborne Street, London East (East B), ON - Indoor
763 Colborne Street, London East (East B), ON - Indoor Photo Showing Other Room
763 Colborne Street, London East (East B), ON - Indoor
763 Colborne Street, London East (East B), ON - Indoor Photo Showing Kitchen With Double Sink
763 Colborne Street, London East (East B), ON - Indoor Photo Showing Bathroom
763 Colborne Street, London East (East B), ON - Indoor Photo Showing Bedroom
763 Colborne Street, London East (East B), ON - Indoor Photo Showing Kitchen
763 Colborne Street, London East (East B), ON - Indoor
763 Colborne Street, London East (East B), ON - Indoor
763 Colborne Street, London East (East B), ON - Indoor Photo Showing Basement
763 Colborne Street, London East (East B), ON - Indoor
763 Colborne Street, London East (East B), ON - Outdoor
  • Advertising
763 COLBORNE STREET, London East (East B), Ontario, N6A 3Z8
$689,900

Property Information:

Welcome to 763 Colborne Street, a prime triplex investment opportunity located in the heart of Londons prestigious Old North neighbourhood. This fully occupied, turnkey property generates over $50,000 in annual gross income and offers a strong cap rate. The home features three self-contained unitslower, main, and uppereach with its own private entrance. The lower and main floor units include utilities, while the upper unit is separately metered for hydro. Situated just minutes from Downtown, Western University, Fanshawe College, St. Josephs Hospital, and numerous amenities, this property attracts AAA tenants and ensures stable, long-term rental demand. This is a rare chance to own a cash-flowing property in one of Londons most desirable communities. Income and expense details available upon request. (id:27)

Building Features:

  • Style: Triplex
  • Building Type: Triplex
  • Basement Development: Finished
  • Basement Type: Full
  • Exterior Finish: Concrete
  • Floor Space: 1500 - 2000 sqft
  • Foundation Type: Block
  • Heating Type: Forced air
  • Heating Fuel: Natural gas
  • Appliances: Stove, Refrigerator

Property Features:

  • Property Type: Multi-family
  • Bedrooms: 5+1
  • Bathrooms: 3
  • Floor Space (approx): 1500 - 2000 Square Feet
  • Irregular: Yes
  • Lot Frontage: 32.0 Feet
  • Lot Size: 32 FT
  • Zoning: R2-2
  • Sewer: Sanitary sewer
  • Parking Type: No Garage
  • No. of Parking Spaces: 5

Courtesy of: CENTURY 21 FIRST CANADIAN CORP

REALTOR.ca  

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Market Price Trends

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Location of 763 COLBORNE STREET, London East (East B), Ontario, N6A 3Z8

Climate Risk Data

About Climate Risk: Properties are at increased risk of damage from extreme weather due to climate change.
ClimateCheck provides detailed climate risk data for properties now and up to 30 years into the future.

Projected Heat Risk: Moderate

35 hot days expected in 2050

Projected Precipitation Risk: Moderate-High

14 storms expected in 2050

Projected Heat Risk: Moderate

35 hot days expected in 2050

55/100

Moderate

ClimateCheck®

Current data

This property, 763 COLBORNE STREET , experiences 7 hot days per year at around 31 degrees Celsius.

Projected data

Severe heat risk is expected to increase in this area. In 2050, it is projected that there will be 35 hot days at 34.5 degrees Celsius.

Projected Avg. Temperature

Past
31℃
2050
34.5℃

# Hot Days Per Year

Past
7
2050
35

About Heat Risk

Heat risk is the number of extreme heat days experienced each year looking at historical conditions (1980-2005) in your area and taking the 2% of the hottest days and projecting that into the future.

Projected Precipitation Risk: Moderate-High

14 storms expected in 2050

63/100

Moderate-High

ClimateCheck®

Current data

This property, 763 COLBORNE STREET , experiences 11 significant 2-day storms per year, with about 328.5mm of precipitation per storm.

Projected data

Severe storms are expected to increase in this area. In 2050, it is projected that there will be 14 significant 2-day storms with 404.2mm of precipitation per year.

Precipitation Per Storm

Past
328.5mm
2050
404.2mm

48-Hour Storms Per Year

Past
11
2050
14

About Storm Risk

Storm risk is the number of high wind, wet or snowy events each year. Climate check looks at historical conditions (1980-2005) in your area, on the days with the top 1% of total precipitation in a year and projected to 2050.

Climate risk data is provided for informational purposes only on Royallepage.ca.
If you have questions or feedback about this data, get help at climatecheck.com.

Environmental Risks provided by ClimateCheck®

Royal LePage does not endorse nor guarantee this information. By providing this information, Royal LePage and its agents are not providing advice or guidance on climate risks. Royal LePage strongly recommends that consumers independently investigate the property’s climate risks to their own personal satisfaction.

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Demographic Information of 763 COLBORNE STREET, London East (East B), Ontario, N6A 3Z8

Life Stage

Older Families

Employment Type

Service Sector/White Collar

Average Household Income

$183,578.89

Average Number of Children

1.68

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

8.04 %

High school certificate or equivalent

21.94 %

Apprenticeship trade certificate/diploma

3.6 %

College/non-university certificate

17.16 %

University certificate (below bachelor)

2.04 %

University Degree

47.23 %

Commuter

Travel To Work

By Car

70.66 %

By Public Transit

11.34 %

By Walking

14.45 %

By Bicycle

0.94 %

By Other Methods

2.61 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

40.8 %

Houses

59.2 %

Own Vs. Rent

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