273 Thompson Rd London, Ontario N5Z 2Z3
$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 | Length | Width | 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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September 14 2023 09:45:49
Toronto Real Estate Board
Homelife/miracle Realty Ltd