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625-627 THIRD STREET S, London, Ontario, N5V 2C1

MLS® # X8360598
Investment For Sale In Argyle, London, Ontario
$3,900,000
625-627 Third Street S, London, ON - Outdoor
625-627 Third Street S, London, ON - Outdoor
625-627 Third Street S, London, ON - Outdoor
625-627 Third Street S, London, ON - Indoor Photo Showing Kitchen With Double Sink
625-627 Third Street S, London, ON - Indoor Photo Showing Living Room
625-627 Third Street S, London, ON - Indoor
625-627 Third Street S, London, ON - Indoor Photo Showing Bathroom
625-627 Third Street S, London, ON - Indoor Photo Showing Laundry Room
625-627 Third Street S, London, ON - Indoor Photo Showing Other Room
625-627 Third Street S, London, ON - Indoor Photo Showing Bathroom
625-627 Third Street S, London, ON - Indoor Photo Showing Other Room
625-627 Third Street S, London, ON - Indoor Photo Showing Kitchen
625-627 Third Street S, London, ON - Indoor Photo Showing Bathroom
625-627 Third Street S, London, ON - Outdoor
625-627 Third Street S, London, ON - Outdoor
625-627 Third Street S, London, ON  - Outdoor
625-627 Third Street S, London, ON  - Outdoor
625-627 Third Street S, London, ON  - Outdoor
625-627 Third Street S, London, ON  - Indoor Photo Showing Kitchen With Double Sink
625-627 Third Street S, London, ON - Indoor Photo Showing Living Room
625-627 Third Street S, London, ON - Indoor
625-627 Third Street S, London, ON - Indoor Photo Showing Bathroom
625-627 Third Street S, London, ON - Indoor Photo Showing Laundry Room
625-627 Third Street S, London, ON - Indoor Photo Showing Other Room
625-627 Third Street S, London, ON - Indoor Photo Showing Bathroom
625-627 Third Street S, London, ON - Indoor Photo Showing Other Room
625-627 Third Street S, London, ON - Indoor Photo Showing Kitchen
625-627 Third Street S, London, ON - Indoor Photo Showing Bathroom
625-627 Third Street S, London, ON - Outdoor
625-627 Third Street S, London, ON - Outdoor
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625-627 THIRD STREET S, London, Ontario, N5V 2C1
$3,900,000

Property Information:

REMARKS FOR CLIENTS8 unit 56 Bed student rental steps to Fanshawe College. Built in 1996. $69,642/Bed. Buildings in excellent condition. Gross Income $415,584. Aprox. 7.6% cap rate. Hydro paid by owner. Clean environmental 2014. With the infux of students coming to Ontario the properties rent roll will continue to grow. Current owners sign 1 year lease with each student. Coin operated Laundry in each suite. (id:27)

Building Features:

  • Style: Fourplex
  • Building Type: Multi-Family
  • Heating Type: Other
  • Heating Fuel: Natural gas
  • Appliances: Dryer, Refrigerator, Stove, Two stoves, Washer

Property Features:

  • Property Type: Multi-family
  • Bathrooms: 16
  • Irregular: Yes
  • Lot Size: 60 x 150 FT
  • No. of Parking Spaces: 20

Courtesy of: MYSAK REALTY INC.

REALTOR.ca  

Location of 625-627 THIRD STREET S, London, Ontario, N5V 2C1

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, 625-627 THIRD STREET S , 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

64/100

ClimateCheck®

Current data

This property, 625-627 THIRD STREET S , experiences 11 significant 2-day storms per year, with about 330.3mm 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 407mm of precipitation per year.

Precipitation Per Storm

Past
330.3mm
2050
407mm

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.

Demographic Information of 625-627 THIRD STREET S, London, Ontario, N5V 2C1

Life Stage

Young Couples

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$84,013.62

Average Number of Children

1.72

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

12.06 %

High school certificate or equivalent

36.92 %

Apprenticeship trade certificate/diploma

5.12 %

College/non-university certificate

27.51 %

University certificate (below bachelor)

1.97 %

University Degree

16.43 %

Commuter

Travel To Work

By Car

66.14 %

By Public Transit

18.57 %

By Walking

9.29 %

By Bicycle

0.97 %

By Other Methods

5.03 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

47.98 %

Houses

52.02 %

Own Vs. Rent