Address
144 William Street, London, ON
Price
$ 799,000
Property Attributes
  • ID#40436770
  • TypeMulti-Family
  • CityLondon
  • AreaLondon and St Thomas
  • NeighbourhoodCentral London
  • Postal CodeN6B 3B5
  • Style
  • Price$ 799,000
  • Bedrooms6
  • Bathrooms0
  • Half Bathrooms0
  • Sqr Footage1286
Data Source:
RLP - CREA EN
Property Description

FULLY UPDATED LEGAL NON-CONFORMING USE TURNKEY FOURPLEX - IDEAL FOR LOW STRESS INCOME PROPERTY FOR INVESTORS This hidden gem nestled away on a quiet side street in the gentrified hub of SOHO (South of Hamilton Road) boasts solid income on all four rented units. This property has a 6%+ Cap Rate at the Asking Price; with a NOI (net operating income)of over $52,500. All units are currently rented. This property has very high quality tenants that have been an added blessing to this cash flowing asset. All of the units were renovated with new furnace, hot water heaters, roof, windows, flooring, kitchens, washroom upgrades, new trim and millwork, stucco, interior and exterior paint and other recent upgrades since ownership. In behind this property is a spacious inclose back yard and parking. In this best way this property feels private and disconnected. This property has operated as a legal non-conforming use fourplex going back past the early 90s (potentially and likely longer).

General Features

Zoning R2-2
Terms SALE
Parking yes
Inclusions Carbon Monoxide Detector,Smoke Detector,Other,4 Stoves,4 Refridgerators,Washer(S),Dryer(S),Smoke Detectors(S),Carbon Monoxide Detectors(S)
Parking Spaces 4

Interior Features

Bedrooms 6
Beds 6

Exterior Features

Lot Frontage 55.00

Amenities

  • Views
  • New Construction
  • Adult 55+
  • Lease To Own
  • No Strata Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in N6B 3B5

Price
AVG $800K
$800K
Visits
AVG 594
510
Data Provided by Inside Real Estate®
Walkscore
AVG 67
67
Data Provided by Walkscore® not using MLS data