$749,000

Investment For Sale In Southcrest, London, Ontario

$749,000

Property Information:

Look no further than this fully renovated seperately metered Three Unit income property in Manor Park. This hidden gem works as an ideal seemless compliment to exisiting porfolios or as a fresh and friendly advent into the real estate investing world. This property has been creatively designed to keep all the living space of its units above grade; with all units being renovated and all major elements being replaced or upgraded recently; with bonus storage rented units below grade as an additional income stream. Located just West of Wortley Village and surounded by lovely nature spaces including Euston Park and The Coves; which offers an unexpected and welcome disconnect from the intense urban elements. This is perfectly complemented as it offers very close access to the major transportation routes for public transit and is situated near to shopping centres. This property now offers the option to have the upper one bed and one bath unit vacant at possession or the option to have the property come fully tenanted with a projected annual income of $55,000 makiing this property a prime candidate for a cash flowing asset; with over a 6% Cap Rate at asking. The newly renovated basement space allows for additional income with storage units and features new appliances including two washers and two dryers for usage between the tenants; a reflection almost all the properties applinces being recetly upgraded.

Inclusions: Carbon Monoxide Detector,Hot Tub,Hot Tub Equipment,Microwave,Smoke Detector,Window Coverings,Other,3 Stoves; 3 Refridgerators; 1 Microwave; 2 Dishwashers; 1 Dryer; 1 Washer; 4 Portable Ac Units; Smoke & Carbon Monoxide Detectors; Garbage Bin Enclosure; Window Coverings

Exclusions : Tenant Owned Items; Content Of Lower Level Storage Units

Building Features:

  • Floor Space: 1441 Square Feet

Property Features:

  • Bedrooms: 6
  • Acres Range: < 0.5
  • Basement: Other, Partial, Unfinished
  • Construction Materials: Concrete, Shingle Siding, Vinyl Siding
  • Cooling: Other
  • Driveway Parking: Front Yard Parking, Private Drive Single Wide
  • Exterior Features: Controlled Entry, Landscaped, Lighting, Private Entrance, Recreational Area
  • Fencing: Full
  • Floor Space (approx): 1441 Square Feet
  • Heating: Baseboard, Electric
  • Interior Features: Separate Hydro Meters
  • Laundry Features: Common Area, Shared
  • Lot Depth: 98 Feet
  • Lot Features: Rectangular, Ample Parking, Business Centre, Hospital, Open Spaces, Park, Place of Worship, Playground Nearby, Public Parking, Public Transit, Rec./Community Centre, School Bus Route, Schools, Shopping Nearby, Trails, Other
  • Lot Frontage: 35.00 Feet
  • Other Structures: Shed(s), Other
  • Parking Features: Mutual/Shared
  • Road Frontage Type: Public Road, Year Round Road
  • Road Surface Type: Paved
  • Roof: Asphalt Shing
  • Security Features: Carbon Monoxide Detector, Smoke Detector, Carbon Monoxide Detector(s)
  • Water Source: Municipal
  • Window Features: Window Coverings
  • Zoning: R1-4
  • Sewer: Sewer (Municipal)
  • No. of Parking Spaces: 6

Courtesy of: EXP REALTY, BROKERAGE

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