14 Beds 8 Bath

368 Calgary Street, London, ON N5W 4X5

London N5W 4X5 Ontario

MLS: X12023560

$1,100,000

Added 11 days ago | For Sale

Listed by: BLUE FOREST REALTY INC.

About Property

Attention investors! Don't miss out on this unique opportunity to own 8 units across three separate buildings. There's significant potential for value-added opportunities, including the creation of additional units and further development. Conveniently located near Fanshawe College and Argyle Mall, and with easy access to the 401 highway, making these units are appealing to a broad range of tenants. The large parking lot offers ample space for all tenants, plus extra room for visitors. Recent upgrades include all roofs being replaced in 2022, two new boilers (2023), and one new furnace (2021). Four of the 8 units have been fully renovated, leaving the remaining 4 units with great value-add opportunity. Current rental income is $101,168, with potential to reach up to $122,000.

Features

  • House Style:Multiplex
  • Bathrooms:8
  • Land Size: 125.16 X 115
  • Water:Municipal
  • Garage Spaces: /None
  • Driveway:
  • Heating Fuel:Other
  • Cross Street:Whitney St
  • Basement:Partially Finished , Partially Finished
  • Possession Date:flexible
  • Annual Property taxes: $4609
  • Bedrooms:14 +1
  • Total Parking Spaces:10
  • Parking Places:10
  • Heating Type:Other
  • Pool Type:None
  • Exterior:
  • Direction Facing:East
  • Front Footage:
  • Listing ID:X12023560

About Agent
Prabhjot Singh
REALTOR®
(905) 867-2666 [email protected]
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