Fantastic investment opportunity! This well-maintained multiplex offers five units and is ideally located just steps from Downtown London and within walking distance to Western University. The property features an attached double-car garage with two parking spaces, plus the convenience of seven additional spots spread across two private driveways - plenty of parking for tenants. This property is running a %7.0 CAP rate in a phenomenal student area with the opportunity to increase the other 4 units rental income for an even higher CAP rate. Close to public transit, grocery stores, the scenic Thames River, and Gibbons Park, this prime location provides easy access to all amenities, making it highly attractive to both students and professionals. Don't miss out on this excellent chance to own a solid income-generating property in a sought-after area! **** EXTRAS **** Please see Sales Brochure URL for more photos and floor plans with all room measurements. (id:56069)
| MLS® Number | X10432559 |
| Property Type | Multi-family |
| Community Name | East B |
| Amenities Near By | Park, Hospital, Schools, Public Transit |
| Features | Cul-de-sac |
| Parking Space Total | 9 |
| Bathroom Total | 6 |
| Bedrooms Above Ground | 5 |
| Bedrooms Below Ground | 2 |
| Bedrooms Total | 7 |
| Appliances | Dishwasher, Dryer, Refrigerator, Stove, Washer |
| Basement Development | Finished |
| Basement Type | N/a (finished) |
| Cooling Type | Central Air Conditioning |
| Foundation Type | Concrete |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 2 |
| Size Interior | 2,500 - 3,000 Ft2 |
| Type | Other |
| Utility Water | Municipal Water |
| Attached Garage |
| Acreage | No |
| Land Amenities | Park, Hospital, Schools, Public Transit |
| Sewer | Sanitary Sewer |
| Size Depth | 88 Ft |
| Size Frontage | 66 Ft |
| Size Irregular | 66 X 88 Ft ; 66.16 X 88.32 X 66.16 X 88.49 |
| Size Total Text | 66 X 88 Ft ; 66.16 X 88.32 X 66.16 X 88.49|under 1/2 Acre |
| Surface Water | River/stream |
| Zoning Description | R2-2(7) |
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Second Level | Kitchen | 2.69 m | 2.56 m | 2.69 m x 2.56 m |
| Second Level | Eating Area | 3.57 m | 4.22 m | 3.57 m x 4.22 m |
| Second Level | Bedroom | 3.86 m | 2.54 m | 3.86 m x 2.54 m |
| Third Level | Laundry Room | 1.96 m | 3.21 m | 1.96 m x 3.21 m |
| Third Level | Bedroom | 3.61 m | 3.74 m | 3.61 m x 3.74 m |
| Third Level | Bedroom | 3.61 m | 2.8 m | 3.61 m x 2.8 m |
| Third Level | Bedroom | 4.93 m | 4.54 m | 4.93 m x 4.54 m |
| Basement | Kitchen | 4.5 m | 3.95 m | 4.5 m x 3.95 m |
| Main Level | Living Room | 3.94 m | 5.34 m | 3.94 m x 5.34 m |
| Main Level | Kitchen | 3.86 m | 6.92 m | 3.86 m x 6.92 m |
| Main Level | Bedroom | 4.39 m | 4.8 m | 4.39 m x 4.8 m |
| Main Level | Family Room | 4.93 m | 8.88 m | 4.93 m x 8.88 m |
https://www.realtor.ca/real-estate/27669088/159-st-james-street-london-east-b
Contact us for more information
Andrew Stinson
Salesperson
(519) 673-3390
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