303 Wolfe Street London, Ontario N6B 2C4
$1,499,000
Beautiful renovated 2.5 storey large triplex in sought after Woodfield estates neighbourhood close to downtown London and Western University. Only a one minute walk to Victoria park or Richmond row shops. Can’t find a better location to make an investment! In the past two years this building has had over $150,000 in upgrades. Unit #2 has been fully renovated, All of the wiring has been upgraded with ESA inspections; new eves and fascia; steel roof (2017); new exterior doors; new stamped concrete patio; 3 hot water tanks (owned); new large bathroom in front unit (#1), all new appliances in units 2&3 plus brand new washer/dryer in every unit. Each unit has a separate gas furnace, central A/C, gas meter and hydro meter. Plenty of parking available in private drive and at rear. Before COVID 5 of the 9 parking spaces where rented monthly to London Life employees at $100/month. Those employees will be returning to the office soon. Property has two 3 bedroom units and one 2 bedroom unit. All Units have decks/outdoor space. Large 2 storey unit is rented $2300/month and the 2 bedroom rented $1800/month. The other 3 bedroom unit has just been fully renovated and could easily rent $2400/month. Low expenses, excellent net income. Great opportunity to add to your portfolio! (id:19173)
Property Details
| MLS® Number | 40406040 |
| Property Type | Multi-family |
| Amenities Near By | Public Transit, Shopping |
| Features | Paved Driveway, Crushed Stone Driveway |
Building
| Bathroom Total | 3 |
| Bedrooms Total | 8 |
| Basement Development | Unfinished |
| Basement Type | Partial (unfinished) |
| Construction Style Attachment | Attached |
| Cooling Type | Central Air Conditioning |
| Exterior Finish | Brick |
| Fire Protection | Smoke Detectors |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 3 |
| Size Interior | 3500 |
| Type | Triplex |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Land Amenities | Public Transit, Shopping |
| Sewer | Municipal Sewage System |
| Size Depth | 150 Ft |
| Size Frontage | 40 Ft |
| Size Total Text | Under 1/2 Acre |
| Zoning Description | R3-1 (6) |
https://www.realtor.ca/real-estate/25490113/303-wolfe-street-london
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May 31 2023 09:56:50
London and St. Thomas Association of REALTORS®
Royal LePage Triland Realty