202-208 Homestead Crescent Unit# 202-208 London, Ontario N6G 2E5

$1,999,999

Rare investment opportunity to own an impressive 4 unit townhouse complex situated at the end of a quiet & desirable Northwest London crescent. This completely turnkey property has been meticulously maintained by the current owners for 22 years and is attractive to students, families and young professionals due to its close proximity to UWO, UH, fantastic shopping & restaurants, highly ranked schools and bus routes. All 4 units are very large - each featuring an open layout with soaring 9’ ceilings in the living room, private fully fenced patio, eat-in kitchen, formal dining room, 3 spacious bedrooms and 1.5 baths including a huge master with double closets. Beautiful hardwood floors throughout great for keeping units clean. Each townhouse has its own oversized attached single car garage in addition to an incredible 16 car concrete driveway. The lovely backyard can be accessed and enjoyed by all the tenants and is gorgeous in the Summer. Furnace, A/C, and laundry located on ground floor of each unit. No basements makes for safe and stress free experience for Landlords with all living & sleeping areas above grade. Plenty of room to expand or increase # of bedrooms based on size and layout of each unit. 208 Homestead Cr has been fully renovated with ground floor converted to a full bath with extra den/bedroom that can easily be replicated. Currently 3 of 4 units will be vacant at closing – great for investors to select their own tenants at current market rents. 202 Homestead Cr has a lovely long-term tenant paying month-to-month below market value. Current market rents for each unit estimated at $2,650/mt with potential to be 3,000-3,400/mt if renting to students and units converted to 4 bedrooms. Each townhouse pays separate hydro – opportunity for buyer to separate water & gas in future and sell complex as 4 individual units to add value. Recent updates to Roof, Windows, Furnaces, AC/s, Garage Doors, and all concrete driveways & walkways. See documents for details. (id:46638)

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https://www.realtor.ca/real-estate/25181649/202-208-homestead-crescent-unit-202-208-london