London East N6B 1W8 Ontario
MLS: X12714722
Added 31 days ago | For Sale
Listed by: HOMELIFE SILVERCITY REALTY INC.
Exceptional Fully Tenanted Income Property - 7.25%+ Cap Rate, an outstanding opportunity to own a fully tenanted, low-maintenance, income-generating property offering a 7.25%+ cap rate. Simply buy and enjoy stable returns-everything is new. This property has been completely renovated, inspected, and approved by the City of London, featuring a total of 2,457 sq. ft. of living space with abundant natural light, large windows, and high ceilings throughout. Property Highlights:1 Commercial Unit (500 sq. ft.) with excellent street exposure,3 parking spaces at the front. Residential Units: Main unit: 2 bedrooms / 2 bathrooms with a thoughtful layout, Second floor: 3 bedrooms / 1 bathroom, Third floor: 2 bedrooms / 1 bathroom. All residential units feature gorgeous new kitchens with quartz countertops, modern finishes, and beautifully updated bathrooms. A rear entrance leads to a new concrete pad and additional parking at the back. Recent Upgrades & Improvements: New vinyl flooring throughout,2021 shingles and eavestroughs, Two new furnaces (2021) with completely new HVAC ducting and venting, HVAC systems for both heating and cooling, New windows and plumbing, fully updated kitchens and washrooms. This turn-key property combines strong cash flow, minimal maintenance, and long-term value-an ideal addition to any investment portfolio.
| Level | Type | Features | Dimensions |
|---|---|---|---|
| Main | Foyer | 6 ft, 9 in x 6 ft, 4 in | |
| Bedroom | 16 ft, 1 in x 13 ft, 4 in | ||
| Bedroom | 12 ft, 8 in x 14 ft, 5 in | ||
| Kitchen | 10 ft x 11 ft, 2 in | ||
| Second | Bedroom | 19 ft, 3 in x 15 ft, 6 in | |
| Bedroom | 12 ft, 10 in x 10 ft, 10 in | ||
| Bedroom | 13 ft, 4 in x 9 ft, 2 in | ||
| Kitchen | 12 ft, 9 in x 8 ft, 4 in | ||
| Third | Bedroom | 7 ft, 10 in x 16 ft, 5 in | |
| Bedroom | 7 ft, 10 in x 20 ft, 10 in | ||
| Kitchen | 13 ft, 2 in x 10 ft | ||
| Living Room | 0 ft x 0 ft |
No property rooms available.
