1 HIGH ST, LONDON ONTARIO


  • 1 HIGH ST, LONDON Ontario
    Brokered by: STREETCITY REALTY INC., BROKERAGE

    $999,000.00

    1 HIGH ST, LONDON

    ONTARIO CANADA | MLS# 593824
    Type: 5-12 Plex Style:  5-12 Plex
    Age:  OL Lot Size:  79.46FEET X IRREG
    Side of Road:  West Water Front:  
    Pool:  No Handicap Acc:  
    Tenant Pays:   Sewer:  Sewer
    Rentals:  Yes Water:  Municipal
    Zoning:  OS4
    Rental Units:  10
    Foundation:  Concrete
    Heating:  Electric Baseboard
    Flooring:  Ceramic, Laminate
    Features:  Balconies, Near Park, Patio(S), Pblic Trans Nrby, Sep Hydro Meters, Sep Storage
    Roof:  See Remarks
    Flooring:  Ceramic, Laminate

  • Description: Multi family- 10 plex, great investment in a great location close to parks and downtown with long term tenants. This property backs onto Thames River and has great visibility. Lots of parking and almost always rented. The vendor is adding to the income thru the big signage which is rented and still has 4 more years to go, with income of $20,340/year. Every unit is individual metered and the 4 plex has had an aluminium roof just replaced. Hot water baseboard heating which will be heated by gas is currently being added. There are 6 water tanks, 4 rented from reliance and two gas tanks owned. Rents are as follows : 4plex - 3-1 bedroom $750( currently being renovated), $625, $550; 1-2 bedrooms $750. the 6plex - 2-1 bedroom $565, $525; 3-2 bedrooms $750, $600 + hydro and the other owner occupied which can be leased for $750; one bachelor at $485. The buildings are sold as is.

    Directions:



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John DiRenzo, Sales Representative • Call Direct: (519) 857-3490 • REALTOR® • RE/MAX Centre City Realty Inc. Brokerage • 36 First Ave • St. Thomas, Ontario • (519) 633-1000 • Main Office: 675 Adelaide Street North • London, Ontario • (519) 667 1800 • Each Office Independently Owned & Operated.


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