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Triplex For Sale Near Downtown In London

$599,999

For Sale: in

Updated Jul 5, 2022
Triplex For Sale Near Downtown In London

Listing Details

Co-op commission:

Subtype: Triplex

Year built: 1940

Year renovated: 2022

Total building size (sq. ft.): 1500

Typical floor size (sq. ft.): 750

Units: 3

Parking spaces: 3

Floors: 2

Beds: 3

Baths: 3

Financial Details

Net operating income: $31,200

Percent leased: 100%

Description

Triplex with separate hydro meters for sale located at 338 Hamilton road. Updates recently done: New furnace (2022) New water heater (2021) New roof on the back portion of the house (2020) New windows in unit 1 (2020) New flooring/trim unit 1(2020) New fence (2020) Unit #1 - 1 bedroom unit leased for $1,230/month + hydro (1-year lease until November 2022), new windows, new flooring, and trim. Bathroom renovated. Unit #2 - 1 bedroom unit leased for $1,000/month + hydro (month to month) some renovations required upon turn over to increase rent. Potential rent of $1,300/month. Unit #3 - bachelor unit leased for $870/month + heat and hydro (1-year lease until march 2022) new bathroom vanity, repainted kitchen cabinets. Some renovations are required upon turnover of the unit. Property tax : $1,800/year Water : $ 1,300/year Heat: $ 1,400/year Insurance: $ 1,500/year

Location & nearby

This listing is located in London, ON N5Z 1R5

338 Hamilton Rd, London, Ontario, Canada

Vladimir Chahine

Principal
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