$888,000

Investment For Sale In Medway, London, Ontario

$888,000

Property Information:

Northwest London Licenced triplex with amazing features, unique architectural detail, and character throughout. Improvements include, plumbing, electrical, foundation, drainage, insulation, bathrooms, kitchens, and high-tech boiler system rental. Two 2-bedroom units each with 2 electric fireplaces and one 1-bedroom unit with electric fireplace. Tenants pay separately metered electricity. Unit 1 also features 1 4pc bathroom and 1 2pc bathroom, Unit 2 offers 1 4pc bathroom and 1 3 pc bathroom and 1 pc bathroom in Unit 3. Unit 2 has in unit stacking washer and dryer while units 1 and 3 share coin operated washer and dryer. Close proximity to Western University and Banting High School, shopping, restaurants and parks. Rental Licence number 202300674 issued April 17,2024.Maintenance expense shown includes lawn maintenance of $1,395.65 and snow removal of $2,200. High tech boiler system is on a rental and maintenance contract for peace of mind and efficient operation. Current rents do not reflect market rents.Unit 1 - Estimated Market Rent is $2300.Unit 2 - Estimated Market Rent $2150. Tenants have been there for at least 8 years.Unit 3 - Estimated Market Rent is $1250.

Inclusions: Carbon Monoxide Detector,Smoke Detector

Building Features:

  • Floor Space: 2184 Square Feet

Property Features:

  • Bedrooms: 5
  • Acres Range: < 0.5
  • Basement: Partial, Unfinished
  • Construction Materials: Hardboard
  • Cooling: None
  • Driveway Parking: Front Yard Parking
  • Floor Space (approx): 2184 Square Feet
  • Heating: Radiator
  • Interior Features: Separate Hydro Meters
  • Laundry Features: Coin Operated, In-Suite
  • Lot Depth: 139 Feet
  • Lot Features: Shopping Nearby
  • Lot Frontage: 75.20 Feet
  • Parking Features: Gravel
  • Roof: Shingle
  • Security Features: Carbon Monoxide Detector, Smoke Detector, Carbon Monoxide Detector(s)
  • Water Source: Municipal
  • Zoning: R5-3
  • Sewer: Sewer (Municipal)
  • No. of Parking Spaces: 4

Courtesy of: OAK AND KEY REAL ESTATE BROKERAGE, INC.

Data provided by: London St. Thomas Association of REALTORS® 342 Commissioners Rd. W., London, Ontario N6J 1Y3
All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations are made of any kind. Copyright© 2021 All Rights Reserved