144 WILLIAM Street, London, Ontario, N6B3B5 London ON CA

CAD 87,654,321

For Sale MLS: 40436771

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Property Details

Bedrooms

Bathrooms

Neighborhood

Central London

Basement

Finished, Full

Property Type

Single Family

Description

FULLY UPDATED LEGAL NON-CONFORMING USE TURNKEY FOURPLEX - IDEAL FOR INVESTORS and/or AS INCOME OFFSET PROPERTY: This hidden gem nestled away on a quiet side street in the gentrified hub of SOHO (South of Hamilton Road) boasts solid income from its three of four rented units. The Seller is offering the versitile option to have the fourth unit which has two bedrooms as either vacant for occupation or tenant placement by the buyer or tenanted with a newly placed tenant at market rent. The projected market rent for the vacant unit is around $1800 per month. With this projected rent of the vacant unit factored in this property would have approximately a 6% Cap Rate at the Asking Price. This property has very high quality tenants that have been an added blessing to this cash flowing asset. All of the units were renovated with new furnace, hot water heaters, roof, windows, flooring, kitchens, washroom upgrades, new trim and millwork, stucco, interior and exterior paint and other recent upgrades since ownership. In behind this property is a spacious inclose back yard and parking. In this best way this property feels private and disconnected and would make a great option for the new owner to live in the vacant two bedroom unit. This property has operated as a legal non-conforming use fourplex going back past the early 90s (potentially and likely longer). OFFER DATE: Tuesday, June, 20th, 2023 at 1:00pm (with review until 2:00pm). Pre-emptive offers welcome with a minimum of 24 hours irrevocable. Feel free to contact Listing Agent Nathan Blanco at 226.224.1390 or [email protected] with any questions. (id:1937) Find out more about this property. Request details here

Location

Address

N6B 3B5, London, Ontario, Canada

City

London

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