575 RIDOUT STREET N, London East (East F) NEW LISTING

Brokered by: A TEAM LONDON

MLS®: X12377866 ()

Price: $2,150,000.00

Address: 575 RIDOUT STREET N, London East (East F)
FOR SALE
Postal Code: N6A2R2
Style: 
Type: Multi-family Multi-Family
Bedrooms: 0
Bathrooms: 0
Lot Size:   62 ft ,1 in x 150 ft ,8 in
Property Size:  0.262


About 575 Ridout Street N

Well maintained 2.5 storey, 11 unit walk up apartment building in an established residential area close to downtown. Property Size: 0.25 acres. Official Plan: Multi-family, High Density Residential; Open Space. Development potential. Building consists of 11 - 1 bedroom, 1 bathroom units, all of similar size and layout. 8 units have been renovated and feature a dishwasher. There are 3 apartments on the lower level along with the laundry room and tenant storage and 4 units on each of the upper floors. 12 on site surface parking spots. Coin operated laundry on site, with 2 owned washers and dryers. Individual tenant storage lockers in the basement. Separate hydro meters. Current NOI: $120,842.64, Projected NOI: $157,005.00. Roof (TPO) replaced 2 years ago. 2 Boilers with storage tanks for domestic hot water replaced approximately 10 years ago. Close proximity to the downtown core, the Thames River, walking trails and public transit. Zoning: R10-3*H30. (id:56071). Get more information on 575 Ridout Street N

Property Features

Rental Equipment:  
Directions:  Albert Street
Zoning Description:  R10-3*H30
Interior Size:  9750 sqft
Lot:  0.262 ac 0.262
Water:  Municipal water,
Heating / Cooling:   Natural gas /
Age: 51 to 99 years
Basement:  

Rooms & Sizes

     

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John DiRenzo

Sales Representative
RE/MAX Centre City John DiRenzo Team Brokerage
Direct Phone: (519) 857-3490

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John DiRenzo, Salesperson. Cell: (519) 857-3490. RE/MAX Centre City John DiRenzo Team Brokerage.