| Bathrooms3 | Bedrooms4 |
| Property TypeSingle Family |
Welcome to this outstanding investment opportunity near the Western Fair District! This renovated duplex offers an impressive 8.47% REAL cap rate, making it a solid choice for savvy investors looking to expand their portfolio. This will cashflow at $1300/mo+ at todays interest rates. With an 12%+ Cash ROI and 20% ROI when factoring in principal repayment, this is a better return than both GICs and the stock market. With two spacious 2-bedroom units, a comfortable bachelor suite, and a rented garage space, this property is sure to exceed your investment expectations. The main 2-bedroom units is currently leased for $1,800 per month, while the bachelor suite commands a rental rate of $1,000 per month. The upper 2 bedroom unit is currently vacant and in the process of being leased for $1900/mo. Additionally, the garage space generates an extra $500 per month in income, resulting in a robust revenue stream. This property is close to schools, parks, shopping, Western Fair complex, 100 Kellogg Lane, and public transportation, making it an attractive choice for prospective tenants. Don't miss out on this rare opportunity to secure a high-yield, income-generating duplex with immense potential for the future. Contact us today to schedule a viewing and take the first step toward growing your real estate investment portfolio. (id:15069) |
| Amenities NearbyPlace of Worship, Public Transit, Schools | Community FeaturesCommunity Centre |
| FeaturesFlat site | Parking Spaces4 |
| TransactionFor sale | Zoning DescriptionR2-2 |
| Bedrooms Main level4 | AppliancesWater Heater, Dryer, Refrigerator, Stove, Washer |
| Basement FeaturesApartment in basement, Separate entrance | BasementN/A |
| Exterior FinishBrick, Vinyl siding | FoundationBlock |
| Bathrooms (Total)3 | Heating FuelNatural gas |
| HeatingForced air | Storeys Total2 |
| TypeDuplex | Utility WaterMunicipal water |
| Size Frontage33 ft | AmenitiesPlace of Worship, Public Transit, Schools |
| SewerSanitary sewer | Size Depth75 ft |
| Size Irregular33 x 75 FT |
Listing Office: CENTURY 21 FIRST CANADIAN CORP
Data Provided by London and St. Thomas Association of REALTORS®
Last Modified :08/07/2024 09:34:09 PM
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