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353 Central Avenue London, Ontario N6B 2E3

8 Bedroom 4 Bathroom 3499
None Baseboard Heaters

$1,239,000

What an amazing location! Very rare offering of what could be a Legal 4-plex. Tons of upgrades have been done including the electrical throughout and a new front door with key pad access. 3 of the 4 units have been renovated with brand new kitchens including all new stainless steel appliances. New laundry was also added to those units. Each unit is separately metered and tenants pay their own hydro. The total rent is $6,525/month, Unit 1 - 3 Bed $2,350 (Vacant Nov 1), Unit 2 - 2 Bed $1,650 (Vacant Nov 1), Unit 3 - 1 Bed $525 ( opportunity to increase rents), Unit 4 - 2 Bed $2,000. Each unit is heated by baseboard heat and cooled by window A/C units and the expense is paid for by the tenants. This building is steps downtown, Richmond Row, Victoria Park with easy access to Western University and St. Joesph's Hospital. NOI is $69,137 and is priced at a 5% Cap Rate. (id:19173)

Property Details

MLS® Number 40178036
Property Type Multi-family
Amenities Near By Airport, Golf Nearby, Hospital, Park, Place Of Worship, Playground, Public Transit, Schools, Shopping
Equipment Type Water Heater
Features Park/reserve, Golf Course/parkland
Parking Space Total 5
Rental Equipment Type Water Heater

Building

Bathroom Total 4
Bedrooms Total 8
Appliances Microwave, Microwave Built-in
Basement Development Partially Finished
Basement Type Full (partially Finished)
Construction Style Attachment Detached
Cooling Type None
Exterior Finish Brick
Fire Protection Smoke Detectors
Foundation Type Brick
Heating Type Baseboard Heaters
Stories Total 3
Size Interior 3499
Type Fourplex
Utility Water Municipal Water

Land

Access Type Road Access, Rail Access
Acreage No
Land Amenities Airport, Golf Nearby, Hospital, Park, Place Of Worship, Playground, Public Transit, Schools, Shopping
Sewer Municipal Sewage System
Size Depth 132 Ft
Size Frontage 34 Ft
Size Total Text Under 1/2 Acre
Zoning Description R3-2

https://www.realtor.ca/real-estate/23747680/353-central-avenue-london

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