435 Nelson Street London, Ontario N6B 1A6
$4,715,000
Rare opportunity to acquire a value-add 23-unit apartment building in the fastest growing city in Ontario, and within SoHo, a neighbourhood undergoing rapid intensification and gentrification. Located next to the new 1200+unit developments on the previous Victoria Hospital lands, just south of the downtown core, abutting the Thames River, and across the street from Meredith Park, this building is ripe for repositioning. Estimated 59% upside from the current rent roll to top market rents. The building consists of 23 1-bedroom units in a purpose-built 3-storey walkup. Hydro is separately metered but currently included in rent representing the potential for significant cost savings. (id:24910)
Property Details
| MLS® Number | 40238506 |
| Property Type | Multi-family |
| Amenities Near By | Public Transit |
| Features | Corner Site, Conservation/green Belt, Shared Driveway, Laundry- Coin Operated |
| Parking Space Total | 23 |
Building
| Bathroom Total | 23 |
| Bedrooms Total | 23 |
| Basement Type | None |
| Cooling Type | None |
| Exterior Finish | Brick |
| Fire Protection | Smoke Detectors, Alarm System |
| Fireplace Present | No |
| Foundation Type | Block |
| Heating Type | Baseboard Heaters, Radiant Heat, Hot Water Radiator Heat |
| Stories Total | 3 |
| Size Interior | 18000 |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Land Amenities | Public Transit |
| Sewer | Municipal Sewage System |
| Size Depth | 138 Ft |
| Size Frontage | 88 Ft |
| Size Irregular | 0.618 |
| Size Total | 0.618 Ac|1/2 - 1.99 Acres |
| Size Total Text | 0.618 Ac|1/2 - 1.99 Acres |
| Zoning Description | R3-1 |
https://www.realtor.ca/real-estate/24256008/435-nelson-street-london
Interested?
Contact us for more information
Jamie Dodds
Salesperson
https://www.linkedin.com/in/jamie-dodds-300a9b42/
302-200 Villagewalk Boulevard
London, Ontario N5X 0A6
(519) 473-9992
www.primebrokerage.ca
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London and St. Thomas Association of REALTORS®
Prime Real Estate Brokerage
June 08 2022 09:10:46
