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763 Colborne Street London, Ontario N6A 3Z8

6 Bedroom 3 Bathroom 1872
None Forced Air

$849,900

Exciting Update on Rental Property! Achieving a 5.1% Cap Rate with Over $50,000 in Gross Income! Explore this property with an exceptionally deep lot, just moments away from Downtown, Western University, Fanshawe College, St. Joseph's Hospital, and numerous amenities. This two-story brick residence is fully occupied and ready for a new owner. It comprises lower, first, and second-floor units, each with its own entrance. The lower and first-floor units include utilities, while the second unit is separately metered for electricity. Additional revenue streams come from local businesses leasing parking spaces at the rear of the property. Don't miss out on this opportunity to own a slice of downtown London! Income and expense details are available upon request. This property is completely turnkey! (id:53488)

Property Details

MLS® Number 40562082
Property Type Multi-family
Amenities Near By Hospital, Public Transit, Shopping
Equipment Type Water Heater
Features Paved Driveway
Parking Space Total 5
Rental Equipment Type Water Heater

Building

Bathroom Total 3
Bedrooms Total 6
Appliances Microwave
Basement Development Finished
Basement Type Full (finished)
Constructed Date 1901
Construction Material Concrete Block, Concrete Walls
Cooling Type None
Exterior Finish Concrete
Fire Protection Alarm System, Security System
Foundation Type Poured Concrete
Heating Type Forced Air
Stories Total 2
Size Interior 1872
Type Triplex
Utility Water Municipal Water

Land

Acreage No
Land Amenities Hospital, Public Transit, Shopping
Sewer Municipal Sewage System
Size Depth 251 Ft
Size Frontage 32 Ft
Size Total Text Under 1/2 Acre
Zoning Description R2-2

https://www.realtor.ca/real-estate/26782610/763-colborne-street-london

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Durga Prasad Aaripaka
Salesperson

(519) 673-3390
(519) 673-6789
https://www.facebook.com/durgaprasadrealtor
https://www.instagram.com/durgaprasad_realtor/

Century 21 First Canadian Corp., Brokerage
420 York Street
London, Ontario N6B 1R1

(519) 673-3390
(519) 673-6789
firstcanadian.c21.ca/
facebook.com/C21First
instagram.com/c21first

Richard Emil Salhani
Salesperson

(519) 808-0284
www.rick-salhani.c21.ca/

Century 21 First Canadian Corp., Brokerage
420 York Street
London, Ontario N6B 1R1

(519) 673-3390
(519) 673-6789
firstcanadian.c21.ca/
facebook.com/C21First
instagram.com/c21first

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Contact Melanie & Shelby Pearce

Sales Representative for Royal Lepage Triland Realty, Brokerage

YOUR LONDON, ONTARIO REALTOR®

You can rely on us to be a realtor who will advocate for you and strive to get you what you want. Reach out to us today- We're excited to hear from you!