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376-378 Central Avenue London, Ontario N6B 2E2

14 Bedroom 8 Bathroom 5240
None Forced Air, Hot Water Radiator Heat

$1,950,000

Investors dream come true! FULLY LEASED investment property with yearly gross revenue of $105,000+ with room to increase due to high rental demand in the area. Strategically located on Central Ave, walking distance to Richmond Row in London's prime real estate investment hub! The track record of this rental property speaks for itself! Never a vacancy, highly sought after location walking distance to Victoria Park and all amenities. City approved 6 unit building with rental license. All brick, major renovations completed with updated wiring & plumbing, separate forced air gas furnaces in 4 units, 1 - boiler for 2 x1 bed units, sep meters for gas/hydro. RARE - Washer & Dryers in each unit, each unit also has own breaker panels, 6x water heaters. Roof replaced 3 years ago. The list goes on! Turn-key rental with professional management in place that's also willing to stay on for a smooth transition. Buyer to verify all info. Break down of units as follows; 2x1 bdrms, 2x2 bdrms, 2x4 bdrm units. Ample parking for a Downtown location. Don't wait on this rare purchasing opportunity. (id:24910)

Property Details

MLS® Number 40135687
Property Type Multi-family
Amenities Near By Park, Public Transit
Equipment Type Furnace
Features Park/reserve
Rental Equipment Type Furnace

Building

Bathroom Total 8
Bedrooms Total 14
Basement Development Unfinished
Basement Type Partial (unfinished)
Construction Style Attachment Detached
Cooling Type None
Exterior Finish Brick
Fire Protection None
Fireplace Present No
Foundation Type Stone
Heating Fuel Natural Gas
Heating Type Forced Air, Hot Water Radiator Heat
Stories Total 3
Size Interior 5240
Utility Water Municipal Water

Land

Acreage No
Land Amenities Park, Public Transit
Sewer Municipal Sewage System
Size Depth 132 Ft
Size Frontage 55 Ft
Size Total Text Under 1/2 Acre
Zoning Description R3-2

https://www.realtor.ca/real-estate/23400960/376-378-central-avenue-london

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Contact us for more information


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Jason D Stern
Salesperson

(519) 433-4331

Sutton Group - Select Realty Inc., Brokerage
250 Wharncliffe Road North
London, Ontario N6H 2B8

(519) 433-4331
(519) 433-6894
www.suttonselect.com

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