933 Elias Street London, Ontario N5W 3P3

$734,900

Attention investors and house-hackers! An excellent turn-key opportunity with this triplex in Old East Village. With the front unit owner-occupied and the other two units rented to A++ tenants, there's an immediate income potential of over $50, 000. At market value rent the fully rented potential income increases to over $58, 000! Each fully-contained unit has its own entrance, with every unit containing it's own appliances, including a washer, dryer, dishwasher, and microwave. No shared spaces and all units are above-grade. Unit 1 (front) - 1 bedroom, 1 bathroom currently owner occupied and vacant upon close. Unit 2 (back) - 2 bedrooms, 1.5 bathrooms rented at $1565 per month (as of January 2024). Unit 3 (upper) - 2 bedrooms, 1 bathroom rented at $1375 per month (as of January 2024). One of the largest residential lots on Elias, boasting up to 8 parking spots. Located close to transit and in the desirable Old East Village. Right next door to the Western Fairgrounds and close to fun at The Factory. Easy transit to downtown, 401, Fanshawe, and Western. A great investment, whether a savvy investor or someone looking to house-hack to get into the market, it's an opportunity you don't want to miss! (id:53488)

Property Details

Building

Land

https://www.realtor.ca/real-estate/26214212/933-elias-street-london