9 Bedroom
6 Bathroom
Central Air Conditioning
Forced Air
$1,500,000
Situated east of the downtown core in the vibrant ""Old East"" neighborhood, this 4-plex presents an exceptional opportunity to expand your investment portfolio. Built in 2021, this newer construction property offers modern amenities and attractive features designed to appeal to both tenants and investors. No expense was spared in this development, entire building is spray foam insulated for optimal energy efficiency. Concreate driveway for long term durability, heritage wood windows in front and initial side, & fiberglass for remainder. High-pitched roof not only enhances the building's architectural appeal but also offers practical benefits in terms of interior space (9 ft ceilings) and weather resistance. The main floor consists of two 2-bedroom, 2-bathroom units, while upstairs has two 3-bedroom, 1-bathroom units. Each unit is tastefully finished with vinyl plank flooring and quartz countertops, energy-efficient appliances and its their own washer and dryer, ensuring convenience for all tenants. Ample parking for up to 5 vehicles at the rear of the property provides convenient off-street parking for tenants as well. Ideally located within walking distance to amenities, including a park across the street. This property is a prime addition to any investment portfolio, offering attractive rental returns with all units currently occupied by A++ tenants. Newer building constructed after 2019, which means no rental cap restrictions and potential for excellent rental income. A true 5.85% cap rate for a new construction built to the nine's. Get ahead of the interest rate cycle before the cap rates go back down to 4-4.5%! (id:19173)
Property Details
MLS® Number
|
X9012717 |
Property Type
|
Multi-family |
Community Name
|
East G |
Features
|
Flat Site |
Parking Space Total
|
5 |
Building
Bathroom Total
|
6 |
Bedrooms Above Ground
|
9 |
Bedrooms Total
|
9 |
Appliances
|
Dishwasher, Dryer, Refrigerator, Stove, Washer |
Cooling Type
|
Central Air Conditioning |
Exterior Finish
|
Brick |
Fire Protection
|
Controlled Entry, Smoke Detectors |
Foundation Type
|
Poured Concrete |
Half Bath Total
|
1 |
Heating Fuel
|
Natural Gas |
Heating Type
|
Forced Air |
Stories Total
|
2 |
Type
|
Other |
Utility Water
|
Municipal Water |
Land
Acreage
|
No |
Sewer
|
Sanitary Sewer |
Size Depth
|
158 Ft |
Size Frontage
|
55 Ft |
Size Irregular
|
55.24 X 158.7 Ft |
Size Total Text
|
55.24 X 158.7 Ft|under 1/2 Acre |
Zoning Description
|
R2-3 |
Rooms
Level |
Type |
Length |
Width |
Dimensions |
Main Level |
Living Room |
|
|
Measurements not available |
Main Level |
Dining Room |
|
|
Measurements not available |
Main Level |
Kitchen |
|
|
Measurements not available |
Main Level |
Bedroom |
|
|
Measurements not available |
Main Level |
Bedroom |
|
|
Measurements not available |
Main Level |
Bathroom |
|
|
Measurements not available |
Main Level |
Bathroom |
|
|
Measurements not available |
https://www.realtor.ca/real-estate/27128994/504-english-street-london-east-g