$1,400,000
FOR SALE

Business for Sale

Lot: 45 x 105 ft

500 502 Colborne Street
London, ON N6B 2T5

Introducing a lucrative investment opportunity in the heart of the city! 500/502 Colborne is a 5 unit multi-family property\r\nand a dream come true for savvy investors seeking to maximize their returns. With a prime location, this property is nestled\r\nin a sought-after Woodfield neighbourhood, offering a turnkey investment with prime rents, in a thriving rental market.\r\nFeaturing a well-maintained and updated exterior this property has great curb appeal that allows parking for up to 6 cars.\r\nThe property comprises 5 spacious, well designed units with open-concept layouts. Tenants can enjoy easy access to a wide\r\nrange of amenities, including shopping, dining, and entertainment options. On site laundry, eliminating the need for off-site laundry trips. 500 Colborne : Unit 1 $1659.98+ hydro Unit 2 $1396+ hydro(rental\r\nincrease to $1430 Aug. 1st) Unit 3 $1515+ hydro. 502 Colborne : Unit 1 $2000+ hydro and gas (rental increase to $2050\r\nJune 1st) Unit 2 $1634+ hydro and gas (id:47421)
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Listed By PRIME REAL ESTATE Brokerage
Data Provided By London and St. Thomas Association of REALTORS®
MLS® Listing Number X8382104
Last Updated Jun 04, 2024
Property Summary
Property Type Business For Sale

More like this:
Franchise Non-Franchise
Community EastF
Price History

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Detailed Information
Bedrooms 10
Bathrooms 6
Lot 45 x 105 ft
Amenities Nearby Recreation, Public Transit, Hospital
Listing Contract Date 2024-05-22
Location Description SOUTH ON COLBORNEFROM CENTRAL TO 500-502 COLBORNE ON EAST SIDE OF ROAD
# of Parking Spaces 6
Property Type Business
Structures Deck
Transaction Type For sale
Zoning Description R3-2
Building
Appliances Dishwasher, Dryer, Refrigerator, Stove, Washer
Basement Type Full
Exterior Finish Concrete, Brick
Foundation Type Block
Heating Fuel Natural gas
Heating Type Forced air
Utility Water Municipal water
Land
Total Size Unit=45 x 105 FT | under 1/2 acre
Amenities Recreation, Public Transit, Hospital
Sewer Sanitary sewer
Size of Irregular Land Unit=45 x 105 FT

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