Address: 320-324 THOMPSON ROAD, London South (South I) FOR SALE Postal Code: N5Z2Z2 Style: Type: Multi-family Multi-Family Bedrooms: 0 Bathrooms: 0 Lot Size (Approximate): 174 ft x 790 ft Property Size (Approximate): 2.08
About 320-324 Thompson Road
Fantastic investment opportunity in London ON! This site contains 3 purpose built 12 plex s, each with 10 two bedroom units and two one bedroom units (one building has had two of the 2 bedroom units converted into one large unit by the former owner, would be easy to convert back into two units). It sits on over two acres, and that includes a vacant lot that is zoned R8-2 and is just over 0.6 acres (66 feet by 420 feet) that would be perfect to add some additional units to the property. Current rent roll is over $500,000 a year with loads of upside potential to increase to current market rent, currently 13 of the two bedroom units are under market rent. Each unit is separately metered for hydro, each building has its own laundry room, and many updates have been done over the years including new boilers (2023), many new windows (as needed), and most of the units have also been updated (as they become vacant they are renovated). This is a tremendous addition to any investor s portfolio so act today! (id:56071). Get more information on 320-324 Thompson Road
Property Features
Appliances: All Features: Irregular lot size Rental Equipment: Directions: Cross Streets: Adelaide Street South. ** Directions: Thompson Road and just east of Adelaide St. Zoning Description: R8-2 Interior Size (Approximate): 10140 sqft Lot (Approximate): 2.08 ac 2.08 Water: Municipal water, Sanitary sewer Heating / Cooling: Natural gas / None Age (Approximate): Basement:
Rooms & Sizes
(Approximate)
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John DiRenzo
Sales Representative RE/MAX Centre City John DiRenzo Team Brokerage
Direct Phone: (519) 857-3490
John DiRenzo, Salesperson. Cell: (519) 857-3490. RE/MAX Centre City John DiRenzo Team Brokerage.
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