763 Colborne

Home Details

Description

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!

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Additional media

-

Property taxes

$5,508.00 per year / $459.00 per month

Basement

Finished

Basement

Full

Year build

-

Type

Triplex

Bedrooms

5 + 1

Bathrooms

3

Parking spots

5.0 Total

Floor

-

Balcony

-

Pool

None

External material

Concrete

Roof type

-

Lot frontage

-

Lot depth

-

Heating

Forced Air

Fire place(s)

N