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1281 Gramercy Park Place London, Ontario N5W 2E7

11 Bedroom 6 Bathroom 3090
None Hot Water Radiator Heat

$1,199,900

WOW! Turn-key investment opportunity with this fully rented 3-storey brick building. Six units featuring 5 two-bedroom units and 1 one-bedroom unit. 6 Hydro Meters. Gas Boiler Heating. Parking for 6 cars. Coin-op laundry. Many updates throughout including 4 of 6 units renovated with new kitchens, bathrooms, fixtures and flooring. Majority of windows replaced in 2019. Coin-op laundry. Gross Income approximately $71,401, Expenses $18,387.50 and Net Income approximately $53,014. These purpose-built investment opportunities are rare! (id:19173)

Property Details

MLS® Number 40189793
Property Type Multi-family
Amenities Near By Schools, Shopping
Community Features Community Centre
Features Laundry- Coin Operated
Parking Space Total 6

Building

Bathroom Total 6
Bedrooms Total 11
Basement Development Finished
Basement Type Full (finished)
Cooling Type None
Exterior Finish Brick
Fire Protection None
Heating Type Hot Water Radiator Heat
Stories Total 2
Size Interior 3090
Utility Water Municipal Water

Land

Acreage No
Land Amenities Schools, Shopping
Sewer Municipal Sewage System
Size Depth 104 Ft
Size Frontage 76 Ft
Size Total Text Under 1/2 Acre
Zoning Description R9-2

Utilities

Electricity Available
Natural Gas Available

https://www.realtor.ca/real-estate/23854905/1281-gramercy-park-place-london

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