1 HIGH ST, LONDON ONTARIO


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

    $849,000.00

    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,highway 401and downtown w/long term tenants.Property backs onto Thames River and has great visibility.Lots of parkingandalways rented.Vendor is adding to the income thru the big signage which is rented and still has 4 more years to go,lease ending in Aug 2021,w/income of $20,340/year.This property consists of 2 individual buildings-a 4plexanda 6plex.Each unit individualy metered. 4 plex has had an alum roof replaced last year,recently added natural gas hydronic heatingandone apartment is fully renovated.6 water tanks,4 rented from reliance and 2 gas tanks owned. 1/2 the roof at the 6plex is ideal for solar panels. There are 5-one bedroom apartments;4-two bedroom apartmentsand1 bachelor.Property is fully rented, except the 1 apartment that`s being renovated.Low density residential area very few neighbours so the external influence onto the property its minimal.

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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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