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)
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
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%