$1,200,000

470-474 St James Street

London ON, N5Y 3P1

Description

Rare investment property in prestigious Old North! This amazing property features 5 rental units (3 residential & 2 Commercial). Fully rented with over $70,000 per year in rents. Residential rental licence from the city of London. This property is EXTENSIVELY renovated from top to bottom and features unique apartments with 10 ft ceilings and commercial spaces (Unit 1 is a nail salon & unit 2 is an office). Large parking lot plus a private driveway. 5 hydro meters, 2 gas meters, 2 furnaces, 1 central A/C unit, 3 hot water heaters (all equipment owned). Full basement with future development potential. Laundry in basement with one coin operated washing machine. This is an amazing opportunity to own a rental property with great cash flow!

Details

MLS#40039776
Listing TypeFor Sale
StyleIndustrial
Sub-TypeResale
StatusActive
Days On Site30

Features

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Area Information
ProvinceON
CountyMiddlesex
CityLondon
Postal CodeN5Y 3P1
AreaEast
Listing VS Median (in N5Y 3P1)
Price:
$1,200,000
low | high
Med:
$1,200,000
50% of Average
On Site:
30
low | high
Med:
30
100% of Average
Listing Updated: November 28, 2020 8:00:38 PM PST
ALI SAADAT LogoMLS Number: 40039776
Listing Provided By:
ALI SAADAT  of  LIMELIGHT REALTY INC.
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