LOADING

917 Hamilton Road London, Ontario N5Z 1W3

15000
None Hot Water Radiator Heat

$3,900,000

Prime 20-unit apartment building available for sale in London ON. This property offers a desirable unit mix consisting of 7 2-bedroom, 12 1-bedroom, and one bachelor unit. According to 2021 census data, London has become Ontario’s fastest growing city. Rising interest rates have slowed the residential resale market, but only further fuelled red hot demand in the rental market. A survey of nearby rental listings shows, relative to the current rent roll, estimated 81% upside to market rents. The property is strategically located near the intersection of Highbury Road and Hamilton Road offering direct access to transit to/from Fanshawe College and downtown. With functional unit layouts, solid construction, and a convenient location these building checks all the boxes for the ideal long term investment. (id:19173)

Property Details

MLS® Number 40339680
Property Type Multi-family
Amenities Near By Playground, Schools, Shopping
Features Corner Site, Laundry- Coin Operated
Parking Space Total 8

Building

Basement Type None
Constructed Date 1956
Construction Material Concrete Block, Concrete Walls
Construction Style Attachment Semi-detached
Cooling Type None
Exterior Finish Brick, Concrete, Steel
Fire Protection None
Foundation Type Block
Heating Type Hot Water Radiator Heat
Stories Total 3
Size Interior 15000
Utility Water Municipal Water

Land

Access Type Highway Access, Highway Nearby
Acreage No
Land Amenities Playground, Schools, Shopping
Sewer Municipal Sewage System
Size Frontage 88 Ft
Size Total Text Under 1/2 Acre
Zoning Description Rbdc (35) H13

https://www.realtor.ca/real-estate/24995425/917-hamilton-road-london

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