36 Essex Street London, Ontario N6G 1B2
$1,299,000
ATTENTION INVESTORS! PURPOSE BUILT ALL BRICK FULLY RENTED LEGAL DUPLEX IN PRIME LOCATION!***NEW LEASES FOR MAY 1/2023 TO APRIL 30/2024!!! OVER $100,000.00 ANNUAL INCOME!!! TENANTS PAY ALL UTILITIES!!!*** HIGHLY DESIRABLE UWO STUDENT RENTAL AREA, ALWAYS EASILY RENTED! PROPOSED ONTARIO GOVERNMENT HOUSING CHANGES POTENTIALLY ALLOW FOR ADDITIONAL AUXILIARY DWELLING ON PROPERTY WITH MINIMAL RESTRICTIONS & DEVELOPMENT CHARGE EXEMPTIONS! UNITS CONTAIN INDIVIDUAL FURNACES, LAUNDRY, HYDRO PANELS & WATER HEATERS… SEPARATELY METERED! LOW MAINTENANCE ALL BRICK EXTERIOR. SPACIOUS UNITS WITH LARGE BEDROOMS & COMMON AREAS. WITHIN WALKING DISTANCE TO UWO, BUS STOPS, RESTAURANTS & DOWNTOWN. CLOSE TO TRAILS, UNIVERSITY HOSPITAL & SHOPPING. PRIVATE SINGLE WIDE DRIVEWAY & PRIVATE REAR PARKING LOT PAVED ~3 YREARS AGO, AMPLE PARKING. MAIN UNIT RECENTLY REFRESHED. HUGE INCOME! AMAZING POTENTIAL! HIGH QUALITY INVESTMENT PROPERTY IN GREAT CONDITION! (id:20872)
Property Details
| MLS® Number | 40358084 |
| Property Type | Multi-family |
| Amenities Near By | Hospital, Park, Public Transit, Schools, Shopping |
| Communication Type | High Speed Internet |
| Equipment Type | Water Heater |
| Features | Park/reserve, Paved Driveway, Sump Pump |
| Parking Space Total | 4 |
| Rental Equipment Type | Water Heater |
Building
| Bathroom Total | 4 |
| Bedrooms Total | 9 |
| Appliances | Microwave Built-in, Window Coverings |
| Basement Development | Finished |
| Basement Type | Full (finished) |
| Construction Style Attachment | Attached |
| Cooling Type | None |
| Exterior Finish | Brick |
| Fire Protection | Smoke Detectors |
| Foundation Type | Poured Concrete |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 2 |
| Size Interior | 2400 |
| Type | Duplex |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Land Amenities | Hospital, Park, Public Transit, Schools, Shopping |
| Sewer | Municipal Sewage System |
| Size Depth | 140 Ft |
| Size Frontage | 40 Ft |
| Size Total Text | Under 1/2 Acre |
| Zoning Description | R3-2(1) |
Utilities
| Electricity | Available |
| Natural Gas | Available |
https://www.realtor.ca/real-estate/25135626/36-essex-street-london
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December 15 2022 03:40:45
London and St. Thomas Association of REALTORS®
Century 21 First Canadian Corp., Brokerage