273 Thompson Rd, London, Ontario, N5Z 2Z3 London ON CA

Rare investment opportunity - 8% CAP - SOLID 9 bedroom 8 washroom building fully tenanted and currently cash flowing $92,400 with potential to increase to $102,600!!! This building is ALWAYS tenanted and professionally managed. Features coin-op laundry earning an additional $1,300 - $1,500. All appliances are owned - instant hot water heater, furnace, A/C. Electricity utility only - LOW utilities! City of London has no density cap on this plot of land and the property can be further expanded a minimum of 12 units - potentially increasing income to over $250,000!! Favorably zoned commercial/residential allowing for multiple uses (work/live, commercial, multi-family residential). Large lot to allow for development of a parking lot, extra garage/unit, or commercial unit. Find out more about this property. Request details here