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763 Colborne Street London, Ontario N6A 3Z8

6 Bedroom 3 Bathroom
Forced Air

$799,900

Exciting Update on Rental Property! Achieving a 5.1% Cap Rate with Over $50,000 in Gross Income! Explore this property with an exceptionally deep lot, just moments away from Downtown, Western University, Fanshawe College, St. Joseph's Hospital, and numerous amenities. This two-story brick residence is fully occupied and ready for a new owner. It comprises lower, first, and second-floor units, each with its own entrance. The lower and first-floor units include utilities, while the second unit is separately metered for electricity. Additional revenue streams come from local businesses leasing parking spaces at the rear of the property. Don't miss out on this opportunity to own a slice of downtown London! Income and expense details are available upon request. This property is completely turnkey! (id:46638)

Property Details

MLS® Number X9251807
Property Type Single Family
Community Name East B
ParkingSpaceTotal 5

Building

BathroomTotal 3
BedroomsAboveGround 5
BedroomsBelowGround 1
BedroomsTotal 6
BasementDevelopment Finished
BasementType Full (finished)
ExteriorFinish Concrete
FoundationType Block
HeatingFuel Natural Gas
HeatingType Forced Air
StoriesTotal 2
Type Triplex
UtilityWater Municipal Water

Land

Acreage No
Sewer Sanitary Sewer
SizeDepth 251 Ft
SizeFrontage 31 Ft ,11 In
SizeIrregular 31.99 X 251 Ft
SizeTotalText 31.99 X 251 Ft
ZoningDescription R2-2

https://www.realtor.ca/real-estate/27284321/763-colborne-street-london-east-b

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Century 21 First Canadian Corp

Century 21 First Canadian Corp