ON > London
London, ON N6A 3Z8,763 Colborne ST
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London, ON N6A 3Z8,763 Colborne ST
London, ON N6A 3Z8,763 Colborne ST
London, ON N6A 3Z8,763 Colborne ST
London, ON N6A 3Z8,763 Colborne ST
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Jeff Somlo

Jeff Somlo

+1(647) 998-3693
$ 799,900
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763 Colborne ST London, ON N6A 3Z8

5 Beds

UPDATED:

08/13/2024 01:38 PM

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

MLS Listing ID X9251807

Style 2-Storey

Bedrooms 5

Annual Tax Amount $5,508

Tax Year 2023

Property Description

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!

Location

Province ON

County Middlesex

Area East B

Rooms

Family Room Yes

Basement Finished, Full

Kitchen 3

Separate Den/Office 1

Interior

Interior Features None

Cooling None

Fireplace No

Heat Source Gas

Exterior

Garage Private, Front Yard Parking

Garage Spaces 5.0

Pool None

Waterfront No

Roof Type Asphalt Shingle

Total Parking Spaces 5

Building

Foundation Concrete Block

Listed by CENTURY 21 FIRST CANADIAN CORP
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763 Colborne ST