763 Colborne Street
London, Ontario N6A3Z8

5 beds · 3 baths · null

Exciting Update on Rental Property! Achieving a 5.1% Cap Rate with Over $50,000 in Gross Income! Explore this property with an exceptionally deep lot, just moments away from Downtown, Western University, Fanshawe College, St. Joseph's Hospital, and numerous amenities. This two-story brick residence is fully occupied and ready for a new owner. It comprises lower, first, and second-floor units, each with its own entrance. The lower and first-floor units include utilities, while the second unit is separately metered for electricity. Additional revenue streams come from local businesses leasing parking spaces at the rear of the property. Don't miss out on this opportunity to own a slice of downtown London! Income and expense details are available upon request. This property is completely turnkey! (id:39198)

Facts & Features

Building Type Triplex

Year built

Square Footage

Stories 2

Bedrooms 5

Bathrooms 3

Parking 5

NeighbourhoodEast B

Land size 31.99 x 251 FT

Heating type Forced air

Basement typeFull (Finished)

Parking Type

Time on REALTOR.ca14 days

This home may not meet the eligibility criteria for Requity Homes. For more details on qualified homes, read this blog.

Brokerage Name: CENTURY 21 FIRST CANADIAN CORP

Powered by: REALTOR.ca

Home price

$799,900

Start with 2% down and save toward 5% in 3 years*

* Exact down payment ranges from 2-10% based on your risk profile and will be assessed during the full approval process.

$7,276 / month

Rent $6,435

Savings $842

Initial deposit 2%

Savings target Fixed at 5%

Start with 5% down and save toward 5% in 3 years.

$6,413 / month

Rent $6,238

Savings $175

Initial deposit 5%

Savings target Fixed at 5%

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