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763 Colborne Street London, Ontario N6A 3Z8

6 Bedroom 3 Bathroom
Forced Air

$849,900

Exciting Update on Rental Property! Achieving a 5.1% Cap Rate with Over $50,000 in Gross Income! Explore this property with an exceptionally deep lot, just moments away from Downtown, Western University, Fanshawe College, St. Joseph's Hospital, and numerous amenities. This two-story brick residence is fully occupied and ready for a new owner. It comprises lower, first, and second-floor units, each with its own entrance. The lower and first-floor units include utilities, while the second unit is separately metered for electricity. Additional revenue streams come from local businesses leasing parking spaces at the rear of the property. Don't miss out on this opportunity to own a slice of downtown London! Income and expense details are available upon request. This property is completely turnkey! (id:20872)

Property Details

MLS® Number X8258092
Property Type Single Family
Community Name EastB
Parking Space Total 5

Building

Bathroom Total 3
Bedrooms Above Ground 5
Bedrooms Below Ground 1
Bedrooms Total 6
Basement Development Finished
Basement Type Full (finished)
Exterior Finish Concrete
Foundation Type Block
Heating Fuel Natural Gas
Heating Type Forced Air
Stories Total 2
Type Triplex
Utility Water Municipal Water

Land

Acreage No
Sewer Sanitary Sewer
Size Depth 251 Ft
Size Frontage 31 Ft
Size Irregular 31.99 X 251 Ft
Size Total Text 31.99 X 251 Ft
Zoning Description R2-2

https://www.realtor.ca/real-estate/26783048/763-colborne-street-london-eastb

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