29 Cartwright Street London, Ontario N6B 2W5
$1,999,000
Rare opportunity to purchase a building like this in the core area. Solid brick 12 unit apartment building. Huge upside potential with rents in the $1350. A month range of value of $2,800,000 at 5% cap rate potential rents of $1600 a month with high end finishes to the units and a projected market value of almost $3,600,000 at a 5% cap rate. Lots of parking in the back parking lot. Solid built building. Roof approx. 8 years old. Located right downtown within walking distance to shops, Victoria park and all amenities. 11 one bedroom apartments and 1 bachelor apartment. Laundry located in lower level. (id:46638)
Property Details
| MLS® Number | X11894325 |
| Property Type | Multi-family |
| Community Name | East F |
| Amenities Near By | Hospital, Park, Place Of Worship, Public Transit, Schools |
| Features | Lane |
| Parking Space Total | 12 |
Building
| Bathroom Total | 12 |
| Bedrooms Above Ground | 8 |
| Bedrooms Below Ground | 3 |
| Bedrooms Total | 11 |
| Appliances | Dryer, Refrigerator, Two Stoves, Washer |
| Exterior Finish | Brick |
| Foundation Type | Concrete |
| Heating Fuel | Natural Gas |
| Heating Type | Hot Water Radiator Heat |
| Stories Total | 3 |
| Type | Other |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Land Amenities | Hospital, Park, Place Of Worship, Public Transit, Schools |
| Sewer | Sanitary Sewer |
| Size Depth | 166 Ft |
| Size Frontage | 60 Ft |
| Size Irregular | 60 X 166 Ft |
| Size Total Text | 60 X 166 Ft|under 1/2 Acre |
| Zoning Description | R3-2 |
https://www.realtor.ca/real-estate/27740839/29-cartwright-street-london-east-f
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December 16 2024 09:50:40
London and St. Thomas Association of REALTORS®
Sutton Group - Select Realty