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$ 1,198,000
Est. payment /mo
Active
159 St James ST London, ON N6A 1W6
5 Beds
6 Baths
UPDATED:
11/20/2024 05:57 PM
Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 2500-3000
Subdivision East B
MLS Listing ID X10432559
Style 2-Storey
Bedrooms 5
Annual Tax Amount $8,738
Tax Year 2024
Property Description
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!
Location
Province ON
County Middlesex
Community East B
Area Middlesex
Rooms
Family Room Yes
Basement Finished
Kitchen 3
Separate Den/Office 2
Interior
Interior Features Other
Cooling Central Air
Fireplace No
Heat Source Gas
Exterior
Parking Features Private
Garage Spaces 7.0
Pool None
Roof Type Shingles
Lot Depth 88.0
Total Parking Spaces 9
Building
Unit Features River/Stream,Park,Cul de Sac/Dead End,Hospital,School,Public Transit
Foundation Concrete
Listed by CENTURY 21 FIRST CANADIAN CORP
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