273 Thompson Rd London, Ontario N5Z 2Z3

9 Bedroom 8 Bathroom

Central Air Conditioning Forced Air

$1,149,000

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. (id:26892)

Property Details

MLS® Number	X6813876
Property Type	Single Family
Amenities Near By	Hospital, Park, Place Of Worship, Public Transit, Schools
Community Features	School Bus
Parking Space Total	10

Building

Bathroom Total	8
Bedrooms Above Ground	9
Bedrooms Total	9
Basement Development	Finished
Basement Features	Apartment In Basement
Basement Type	N/a (finished)
Construction Style Attachment	Detached
Cooling Type	Central Air Conditioning
Exterior Finish	Aluminum Siding
Heating Fuel	Electric
Heating Type	Forced Air
Type	House

Land

Acreage	No
Land Amenities	Hospital, Park, Place Of Worship, Public Transit, Schools
Sewer	Septic System
Size Irregular	40.02 X 152.8 Ft
Size Total Text	40.02 X 152.8 Ft

Rooms

Level	Type	Dimensions
Basement	Bedroom	Measurements not available
Basement	Bedroom	Measurements not available
Basement	Bedroom	Measurements not available
Basement	Kitchen	Measurements not available
Main Level	Bedroom	Measurements not available
Main Level	Bedroom	Measurements not available
Main Level	Bedroom	Measurements not available
Main Level	Bedroom	Measurements not available
Main Level	Bedroom	Measurements not available
Main Level	Bedroom	Measurements not available
Main Level	Kitchen	Measurements not available
Main Level	Living Room	Measurements not available

https://www.realtor.ca/real-estate/26050672/273-thompson-rd-london

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Last Updated
September 14 2023 09:45:49

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Lorraine Strelesky

Tula Thomas recently helped us locate and purchase a home in Oshawa. She is very experienced and helpful and went beyond our expectations , even calling on closing to ensure things were moving as planned. We highly recommend Tula and perhaps we will work together again.

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Terri – Tony

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Tula, With deepest sincerity, we want to express how grateful we are with your professionalism, attention to details and willingness to “shout from the rooftops” in order to sell our home. Thank you, Thank you, Thank you! Best wishes to you and Hayley Adam, Melissa, Dayna & Linda.

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Thank you for making the sale of our property so seamless. With your experience, we got $15,100.00 more than what we were told was the highest we could get for it. We are over the moon with the results and we can’t thank you enough for all you’ve done. We have told many of our… Read more “Sally and Pat”

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Our real estate experiences had not been very positive over the past 12 years until we met Tula Thomas. Tula’s real estate expertise, her incredible knowledge of the area we were moving to (Oshawa), and most importantly her honesty made our house purchasing and lifestyle change experience very manageable. Tula was supportive every step of… Read more “Roxanne Miller Oshawa”

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