Great investment property close to downtown with short bus rides to both of Fanshawe College and Western University. Fully tenanted property with total rental income of $3800 per month (upper leased until Aug 2025 - $1650, and main is March 2025 - $2150) with tenants paying all utilities. Tenants are planning on staying. Fully funded this property has a capitalization rate between 5.5% and 6% meaning right from the start it is cash flow positive. Building was cleaned up and renovated in 2023 so very little can be expected in terms of maintenance fees for the next few years. Rents are slightly below market value meaning this building will perform more strongly and be an even better addition to your portfolio as time progresses. This yellow brick home sits on the edge of Woodfield and Old East Village. The main floor has 2 large bedrooms plus a basement with additional room. The upper has 1 bedroom plus den, both with in suite laundry. Property is being sold fully furnished excluding tenants belongings. Parking is at the rear of the building and access is off of Princess. (id:47421)
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Detailed Information
Bedrooms
3+2
Bathrooms
2
Lot
31.25 x 120.25 ft
Listing Contract Date
2025-01-20
Location Description
North of Princess St.
# of Parking Spaces
4
Property Type
Single Family
Transaction Type
For sale
Zoning Description
AC4
Building
Appliances
Water Heater, Furniture
Basement Development
Partially finished
Basement Type
N/A (Partially finished)
Exterior Finish
Brick
Fireplace Present
Yes
# of Fireplaces
1
Fireplace Type
Insert
Foundation Type
Stone
Heating Fuel
Natural gas
Heating Type
Forced air
Stories Total
2
Type
Duplex
Utility Water
Municipal water
Parking Spaces
Name
Spaces
Tandem
Land
Total Size
31.28 x 120.29 FT
Sewer
Sanitary sewer
Size of Irregular Land
31.28 x 120.29 FT
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