670 Lorne Avenue London, Ontario N5W 3K5
$585,000
Amazing triplex in the heart of Old East Village with vacant possession of unit 3 (bachelor) and unit 2 (3 bed + den). This great investment opportunity offers tons of parking, fenced backyard, a detached garage, separate hydro/gas meters, separate entrances to each of the units and parking on two sides of the property. Other features include a newer roof, three owned hot water tanks and each of the units are separately metered for gas and hydro. Landlord only pays water! Unit 1 is a 2 bedroom and pays $1214.40 monthly and has its own washer and dryer. Unit 2 is a three bedroom + den that pays 1600 monthly and will be vacant as of February 28. Unit 3 is a bachelor that pays $809.60 monthly. None of the units are in a basement. Basement is accessed through unit 2. The landlord would be willing to rent the garage at $250/monthly, creating more income opportunities for the new buyer. This property is a great addition to your existing portfolio or for someone looking to purchase their first investment property. Virtual tours available. Don't wait; check out this amazing opportunity today! (id:20872)
Property Details
| MLS® Number | 40345295 |
| Property Type | Multi-family |
| Amenities Near By | Park, Place Of Worship, Playground, Public Transit, Schools |
| Community Features | School Bus |
| Equipment Type | None |
| Features | Park/reserve |
| Parking Space Total | 7 |
| Rental Equipment Type | None |
Building
| Bathroom Total | 4 |
| Bedrooms Total | 5 |
| Basement Development | Unfinished |
| Basement Type | Partial (unfinished) |
| Construction Style Attachment | Detached |
| Cooling Type | Central Air Conditioning |
| Exterior Finish | Vinyl Siding |
| Fire Protection | Smoke Detectors |
| Foundation Type | Brick |
| Heating Fuel | Natural Gas |
| Stories Total | 2 |
| Size Interior | 1837 |
| Type | Triplex |
| Utility Water | Municipal Water |
Parking
| Detached Garage |
Land
| Acreage | No |
| Land Amenities | Park, Place Of Worship, Playground, Public Transit, Schools |
| Sewer | Municipal Sewage System |
| Size Depth | 90 Ft |
| Size Frontage | 55 Ft |
| Size Total Text | Under 1/2 Acre |
| Zoning Description | R3-2 |
https://www.realtor.ca/real-estate/25036470/670-lorne-avenue-london
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January 20 2023 09:19:54
London and St. Thomas Association of REALTORS®
Thrive Realty Group Inc.