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353 CENTRAL Avenue, London, ON, N6B 2E3
MLS® # 40178036
Investment For Sale In Central London, London, Ontario
$1,239,000
353 Central Avenue, London, ON - Outdoor
353 Central Avenue, London, ON - Outdoor
353 Central Avenue, London, ON - Indoor Photo Showing Bathroom
353 Central Avenue, London, ON - Indoor Photo Showing Kitchen
353 Central Avenue, London, ON - Indoor Photo Showing Kitchen With Stainless Steel Kitchen
353 Central Avenue, London, ON - Outdoor With Exterior
353 Central Avenue, London, ON - Indoor Photo Showing Bathroom
353 Central Avenue, London, ON - Indoor Photo Showing Kitchen With Double Sink
353 Central Avenue, London, ON - Indoor Photo Showing Kitchen With Double Sink
353 Central Avenue, London, ON - Indoor Photo Showing Laundry Room
353 Central Avenue, London, ON - Indoor Photo Showing Other Room
353 Central Avenue, London, ON - Indoor Photo Showing Other Room
353 Central Avenue, London, ON - Indoor Photo Showing Other Room
353 Central Avenue, London, ON - Indoor Photo Showing Kitchen With Stainless Steel Kitchen
353 Central Avenue, London, ON - Indoor Photo Showing Other Room
353 Central Avenue, London, ON - Indoor Photo Showing Other Room
353 Central Avenue, London, ON  - Outdoor
353 Central Avenue, London, ON  - Outdoor
353 Central Avenue, London, ON  - Indoor Photo Showing Bathroom
353 Central Avenue, London, ON  - Indoor Photo Showing Kitchen
353 Central Avenue, London, ON - Indoor Photo Showing Kitchen With Stainless Steel Kitchen
353 Central Avenue, London, ON - Outdoor With Exterior
353 Central Avenue, London, ON - Indoor Photo Showing Bathroom
353 Central Avenue, London, ON - Indoor Photo Showing Kitchen With Double Sink
353 Central Avenue, London, ON - Indoor Photo Showing Kitchen With Double Sink
353 Central Avenue, London, ON - Indoor Photo Showing Laundry Room
353 Central Avenue, London, ON - Indoor Photo Showing Other Room
353 Central Avenue, London, ON - Indoor Photo Showing Other Room
353 Central Avenue, London, ON - Indoor Photo Showing Other Room
353 Central Avenue, London, ON - Indoor Photo Showing Kitchen With Stainless Steel Kitchen
353 Central Avenue, London, ON - Indoor Photo Showing Other Room
353 Central Avenue, London, ON - Indoor Photo Showing Other Room
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353 CENTRAL Avenue, London, ON, N6B 2E3
$1,239,000

Property Information:

What an amazing location! Very rare offering of what could be a Legal 4-plex. Tonsof upgrades have been done including the electrical throughout and a new frontdoor with key pad access. 3 of the 4 units have been renovated with brand newkitchens including all new stainless steel appliances. New laundry was also addedto those units. Each unit is separately metered and tenants pay their own hydro.The total rent is $6,525/month, Unit 1 - 3 Bed $2,350 (Vacant Nov 1), Unit 2 - 2Bed $1,650 (Vacant Nov 1), Unit 3 - 1 Bed $525 ( opportunity to increase rents),Unit 4 - 2 Bed $2,000. Each unit is heated by baseboard heat and cooled by windowA/C units and the expense is paid for by the tenants. This building is stepsdowntown, Richmond Row, Victoria Park with easy access to Western University andSt. Joesph's Hospital. NOI is $69,137 and is priced at a 5% Cap Rate.

Inclusions: BUILTINMW,MICROWAVE,SMOKEDETECTOR

Exclusions : TENANTS BELONGINGS

Property Features:

  • Bedrooms: 8
  • Acres Range: < 0.5
  • Basement Finish: Partially Finished
  • Basement Type: Full Basement
  • Construction Materials: Brick
  • Exterior Features: Balcony, Controlled Entry
  • Features Area Influences: Airport, Business Centre, Downtown, Golf, Hospital, Open Spaces, Park, Place of Worship, Playground Nearby, Public Transit, Rail Access, Schools, Shopping Nearby
  • Floor Space (approx): 3499.00 Square Feet
  • Foundation Detail: Brick
  • Heating: Baseboard
  • Interior Features: Built-In Appliances, Water Heater
  • Laundry Features: In-Suite
  • Lot Depth: 132.00 Feet
  • Lot Frontage: 34.00 Feet
  • Other Structures: None
  • Parking Features:
  • Road Access: Municipal Road
  • Roof: Asphalt Shing
  • Security Features: Smoke Detector(s)
  • Services: At Lot Line-Gas, At Lot Line-Hydro
  • Topography: Flat
  • Under Contract: Hot Water Heater
  • Water Source: Municipal-Metered
  • Zoning: R3-2
  • Sewer: Sewer (Municipal)
  • No. of Parking Spaces: 5

Courtesy of: THE AGENCY REAL ESTATE

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

Market Price Trends

Location of 353 CENTRAL Avenue, London, ON, N6B 2E3

Demographic Information of 353 CENTRAL Avenue, London, ON, N6B 2E3

Life Stage

Young Singles

Employment Type

Service Sector/White Collar

Average Household Income

$85,696.70

Average Number of Children

0.54

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

8.48 %

High school certificate or equivalent

25.96 %

Apprenticeship trade certificate/diploma

2.57 %

College/non-university certificate

22.13 %

University certificate (below bachelor)

2.23 %

University Degree

35.88 %

Commuter

Travel To Work

By Car

49.89 %

By Public Transit

10.72 %

By Walking

27.06 %

By Bicycle

3.3 %

By Other Methods

9.03 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

76.56 %

Houses

23.22 %

Own Vs. Rent