Well maintained 6 unit investment property located in SOHO at the corner of Wellington Street and Hill Street. Consisting of 1- 1 bedroom, 4- 2 bedroom and 1- 3 bedroom units along with an addtional 33' x 41' parcel of land. On-site coin laundry. Parking for 9 vehicles. Located across the street from new mixed-use housing development on South Street. Current NOI: $77,222.94. Potential for significant upside, current rents below market. The 3 bedroom unit will be vacant upon possession (market rent $1,800 per month). Zoning R3-1. Close proximity to Wellington Road and transit and within walking distance to downtown London. (id:53193)
MLS® Number | X12075582 |
Property Type | Multi-family |
Community Name | East K |
ParkingSpaceTotal | 9 |
BathroomTotal | 6 |
BedroomsAboveGround | 12 |
BedroomsTotal | 12 |
Appliances | Water Heater |
BasementDevelopment | Unfinished |
BasementType | N/a (unfinished) |
CoolingType | Window Air Conditioner |
ExteriorFinish | Brick |
FoundationType | Block |
HeatingFuel | Natural Gas |
HeatingType | Forced Air |
StoriesTotal | 3 |
SizeInterior | 3000 - 3500 Sqft |
Type | Other |
UtilityWater | Municipal Water |
No Garage |
Acreage | No |
Sewer | Sanitary Sewer |
SizeDepth | 33 Ft |
SizeFrontage | 66 Ft |
SizeIrregular | 66 X 33 Ft |
SizeTotalText | 66 X 33 Ft |
ZoningDescription | R3-1 |
https://www.realtor.ca/real-estate/28151228/340-hill-street-london-east-k
Contact us for more information
Bradley Gleed
Broker of Record
Nick Jaremko
Salesperson
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