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500 502 Colborne Street London, Ontario N6B 2T5

10 Bedroom 6 Bathroom 5556 sqft
Forced Air

$1,400,000

Introducing a lucrative investment opportunity in the heart of the city! 500/502 Colborne is a 5 unit multi-family property\r\nand a dream come true for savvy investors seeking to maximize their returns. With a prime location, this property is nestled\r\nin a sought-after Woodfield neighbourhood, offering a turnkey investment with prime rents, in a thriving rental market.\r\nFeaturing a well-maintained and updated exterior this property has great curb appeal that allows parking for up to 6 cars.\r\nThe property comprises 5 spacious, well designed units with open-concept layouts. Tenants can enjoy easy access to a wide\r\nrange of amenities, including shopping, dining, and entertainment options. On site laundry, eliminating the need for off-site laundry trips. 500 Colborne : Unit 1 $1659.98+ hydro Unit 2 $1396+ hydro(rental\r\nincrease to $1430 Aug. 1st) Unit 3 $1515+ hydro. 502 Colborne : Unit 1 $2000+ hydro and gas (rental increase to $2050\r\nJune 1st) Unit 2 $1634+ hydro and gas (id:20872)

Property Details

MLS® Number X8382104
Property Type Business
Community Name EastF
Amenities Near By Recreation, Public Transit, Hospital
Parking Space Total 6
Structure Deck

Building

Bathroom Total 6
Bedrooms Total 10
Appliances Dishwasher, Dryer, Refrigerator, Stove, Washer
Basement Type Full
Exterior Finish Concrete, Brick
Foundation Type Block
Heating Fuel Natural Gas
Heating Type Forced Air
Size Interior 5556 Sqft
Utility Water Municipal Water

Land

Acreage No
Land Amenities Recreation, Public Transit, Hospital
Sewer Sanitary Sewer
Size Depth 105 Ft
Size Frontage 45 Ft
Size Irregular Unit=45 X 105 Ft
Size Total Text Unit=45 X 105 Ft|under 1/2 Acre
Zoning Description R3-2

https://www.realtor.ca/real-estate/26959180/500-502-colborne-street-london-eastf

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