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435 Nelson Street London, Ontario N6B 1A6

23 Bedroom 23 Bathroom 18000
None Baseboard Heaters, Radiant Heat, Hot Water Radiator Heat

$4,715,000

Rare opportunity to acquire a value-add 23-unit apartment building in the fastest growing city in Ontario, and within SoHo, a neighbourhood undergoing rapid intensification and gentrification. Located next to the new 1200+unit developments on the previous Victoria Hospital lands, just south of the downtown core, abutting the Thames River, and across the street from Meredith Park, this building is ripe for repositioning. Estimated 59% upside from the current rent roll to top market rents. The building consists of 23 1-bedroom units in a purpose-built 3-storey walkup. Hydro is separately metered but currently included in rent representing the potential for significant cost savings. (id:19173)

Property Details

MLS® Number 40238506
Property Type Multi-family
Amenities Near By Public Transit
Features Corner Site, Conservation/green Belt, Shared Driveway, Laundry- Coin Operated
Parking Space Total 23

Building

Bathroom Total 23
Bedrooms Total 23
Basement Type None
Cooling Type None
Exterior Finish Brick
Fire Protection Smoke Detectors, Alarm System
Foundation Type Block
Heating Type Baseboard Heaters, Radiant Heat, Hot Water Radiator Heat
Stories Total 3
Size Interior 18000
Utility Water Municipal Water

Land

Acreage No
Land Amenities Public Transit
Sewer Municipal Sewage System
Size Depth 138 Ft
Size Frontage 88 Ft
Size Irregular 0.618
Size Total 0.618 Ac|1/2 - 1.99 Acres
Size Total Text 0.618 Ac|1/2 - 1.99 Acres
Zoning Description R3-1

https://www.realtor.ca/real-estate/24256008/435-nelson-street-london

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