70 Centre Street London, Ontario N6J 1T5
$639,900
Outstanding opportunity here on this renovated 3 unit (duplex with additional lower level unit) grossing approximately $50,000 and netting approximately $40,000 annually in an excellent south London location with a beautiful lot backing onto Euston Park. Upper 1 bedroom currently vacant was last rented at $1300 monthly, main floor 2 bedroom rented at $1600 month to month and basement unit rented at $1200 month. All rents are all inclusive-owner pays all utilities. Very good units here with newer baths, newer white kitchens with quartz counters and excellent layout/floor plans. Basement common area has washer/dryer for tenants. Owner has indicated solar panels are owned but currently disconnected and that reconnection with London Hydro with potential to recapture & reduce electricity costs (approx. $2,000 to reconnect). (id:19173)
Property Details
| MLS® Number | 40381785 |
| Property Type | Multi-family |
| Amenities Near By | Park, Public Transit, Schools, Shopping |
| Community Features | Quiet Area |
| Equipment Type | Water Heater |
| Features | Park/reserve, Sump Pump |
| Rental Equipment Type | Water Heater |
Building
| Bathroom Total | 3 |
| Bedrooms Total | 4 |
| Basement Development | Finished |
| Basement Type | Full (finished) |
| Constructed Date | 1951 |
| Construction Style Attachment | Detached |
| Cooling Type | Central Air Conditioning |
| Exterior Finish | Aluminum Siding |
| Fire Protection | None |
| Foundation Type | Block |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 2 |
| Size Interior | 1242 |
| Type | Duplex |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Land Amenities | Park, Public Transit, Schools, Shopping |
| Sewer | Municipal Sewage System |
| Size Depth | 128 Ft |
| Size Frontage | 50 Ft |
| Size Total Text | Under 1/2 Acre |
| Zoning Description | R2-3/r9-7*h50 |
https://www.realtor.ca/real-estate/25360269/70-centre-street-london
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March 14 2023 05:39:47
London and St. Thomas Association of REALTORS®
RE/MAX Centre City Realty Inc., Brokerage