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500 502 Colborne Street, London, ON, N6B 2T5

MLS® # 40593825
Investment For Sale In Central London, London, Ontario
$1,400,000
500 502 Colborne Street, London, ON
500 502 Colborne Street, London, ON
500 502 Colborne Street, London, ON
500 502 Colborne Street, London, ON
500 502 Colborne Street, London, ON
500 502 Colborne Street, London, ON
500 502 Colborne Street, London, ON
500 502 Colborne Street, London, ON
500 502 Colborne Street, London, ON
500 502 Colborne Street, London, ON
500 502 Colborne Street, London, ON
500 502 Colborne Street, London, ON
500 502 Colborne Street, London, ON
500 502 Colborne Street, London, ON
500 502 Colborne Street, London, ON
500 502 Colborne Street, London, ON
500 502 Colborne Street, London, ON
500 502 Colborne Street, London, ON
500 502 Colborne Street, London, ON
500 502 Colborne Street, London, ON
500 502 Colborne Street, London, ON
500 502 Colborne Street, London, ON
500 502 Colborne Street, London, ON
500 502 Colborne Street, London, ON
500 502 Colborne Street, London, ON
500 502 Colborne Street, London, ON
500 502 Colborne Street, London, ON
500 502 Colborne Street, London, ON
500 502 Colborne Street, London, ON
500 502 Colborne Street, London, ON
500 502 Colborne Street, London, ON
500 502 Colborne Street, London, ON
500 502 Colborne Street, London, ON
500 502 Colborne Street, London, ON
500 502 Colborne Street, London, ON
500 502 Colborne Street, London, ON
500 502 Colborne Street, London, ON
500 502 Colborne Street, London, ON
500 502 Colborne Street, London, ON
500 502 Colborne Street, London, ON
500 502 Colborne Street, London, ON
500 502 Colborne Street, London, ON
500 502 Colborne Street, London, ON
500 502 Colborne Street, London, ON
500 502 Colborne Street, London, ON
500 502 Colborne Street, London, ON
500 502 Colborne Street, London, ON
500 502 Colborne Street, London, ON
500 502 Colborne Street, London, ON
500 502 Colborne Street, London, ON
500 502 Colborne Street, London, ON
500 502 Colborne Street, London, ON
500 502 Colborne Street, London, ON
500 502 Colborne Street, London, ON
500 502 Colborne Street, London, ON
500 502 Colborne Street, London, ON
500 502 Colborne Street, London, ON
500 502 Colborne Street, London, ON
500 502 Colborne Street, London, ON
500 502 Colborne Street, London, ON
500 502 Colborne Street, London, ON
500 502 Colborne Street, London, ON
500 502 Colborne Street, London, ON
500 502 Colborne Street, London, ON
500 502 Colborne Street, London, ON
500 502 Colborne Street, London, ON
500 502 Colborne Street, London, ON
500 502 Colborne Street, London, ON
500 502 Colborne Street, London, ON
500 502 Colborne Street, London, ON
500 502 Colborne Street, London, ON
500 502 Colborne Street, London, ON
500 502 Colborne Street, London, ON
500 502 Colborne Street, London, ON
500 502 Colborne Street, London, ON
500 502 Colborne Street, London, ON
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Home Insurance - TD Insurance
Get a home insurance quote online for this $1,400,000 property in London
Provided by TD Insurance

Home Insurance - TD Insurance

Get a home insurance quote online for this $1,400,000 property in London

Provided by TD Insurance
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500 502 Colborne Street, London, ON, N6B 2T5
$1,400,000

Property Information:

Introducing a lucrative investment opportunity in the heart of the city! 500/502 Colborne is a 5 unit multi-family propertyand a dream come true for savvy investors seeking to maximize their returns. With a prime location, this property is nestledin a sought-after Woodfield neighbourhood, offering a turnkey investment with prime rents, in a thriving rental market.Featuring a well-maintained and updated exterior this property has great curb appeal that allows parking for up to 6 cars.The property comprises 5 spacious, well designed units with open-concept layouts. Tenants can enjoy easy access to a widerange of amenities, including shopping, dining, and entertainment options. On site laundry, eliminating the need for off-site laundry trips. 500 Colborne : Unit 1 $1659.98+ hydro Unit 2 $1396+ hydro(rentalincrease to $1430 Aug. 1st) Unit 3 $1515+ hydro. 502 Colborne : Unit 1 $2000+ hydro and gas (rental increase to $2050June 1st) Unit 2 $1634+ hydro and gas

Inclusions: Other,Dishwasher, Dryer, Refrigerator, Stove, Washer

Exclusions : Tenants Belongings

Building Features:

  • Floor Space: 5556 Square Feet

Property Features:

  • Bedrooms: 10
  • Acres Range: < 0.5
  • Basement: Full, Partially Finished
  • Built in: 1905
  • Construction Materials: Block
  • Cooling: None
  • Driveway Parking: Boulevard Parking, Outside/Surface/Open
  • Exterior Features: Balcony, Privacy, Private Entrance
  • Floor Space (approx): 5556 Square Feet
  • Heating: Forced Air, Natural Gas
  • Interior Features: Other
  • Laundry Features: Common Area, In-Suite
  • Lot Depth: 105 Feet
  • Lot Features: Rectangular, City Lot, Hospital, Library, Open Spaces, Park, Place of Worship, Playground Nearby, Public Parking, Public Transit, Rec./Community Centre, Schools, Shopping Nearby
  • Lot Frontage: 45.00 Feet
  • Roof: Asphalt Shing
  • Water Source: Municipal
  • Zoning: R3-2
  • Sewer: Sewer (Municipal)
  • No. of Parking Spaces: 6

Courtesy of: PRIME REAL ESTATE 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

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Market Price Trends

1 year changes compare the same month from the previous year. Find an agent in this area to receive more information.

Location of 500 502 Colborne Street, London, ON, N6B 2T5

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: High

35 hot days expected in 2050

Projected Storm Risk: Very High

14 storms expected in 2050

Projected Heat Risk: High

35 hot days expected in 2050

55/100

High

ClimateCheck®

Current data

This property, 500 502 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 Storm Risk:

14 storms expected in 2050

63/100

ClimateCheck®

Current data

This property, 500 502 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 500 502 Colborne Street, London, ON, N6B 2T5

Life Stage

Young Singles

Employment Type

Service Sector/White Collar

Average Household Income

$103,386.05

Average Number of Children

1.52

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

9.01 %

High school certificate or equivalent

27.73 %

Apprenticeship trade certificate/diploma

4.17 %

College/non-university certificate

22.71 %

University certificate (below bachelor)

1.46 %

University Degree

34.92 %

Commuter

Travel To Work

By Car

68.02 %

By Public Transit

10.63 %

By Walking

16.14 %

By Bicycle

2.25 %

By Other Methods

2.96 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

70.2 %

Houses

29.8 %

Own Vs. Rent

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