$3,250,000
$3,900,000
16.7%For more information regarding the value of a property, please contact us for a free consultation.
100 BARTON ST London, ON N6A 1N2
9 Beds
19 Baths
Key Details
Sold Price $3,250,000
Property Type Multi-Family
Sub Type Multiplex
Listing Status Sold
Purchase Type For Sale
Approx. Sqft 5000 +
MLS Listing ID X9234738
Sold Date 10/10/24
Style 2-Storey
Bedrooms 9
Annual Tax Amount $38,352
Tax Year 2023
Property Description
Rare Opportunity! Own a Prime Downtown 17-Unit Apartment Building in AAA Location. This purpose-built building is situated on the corner of Barton Street and Talbot Street, offering convenience and visibility. With 17 spacious (1) bedroom units, this property presents an excellent investment opportunity.Current Gross rents total $272,855.00 / year with lots of potential to add value and possible 18th unit.Extensive renovations have been completed on 14 of the 17 units, ensuring modern and attractive living spaces. The upgrades include new kitchens featuring elegant quartz counters and top-of-the-line stainless steel appliances. Each unit is equipped with in-suite stackable laundry facilities, providing added convenience for tenants. The flooring has been replaced, enhancing the overall aesthetic appeal. The bathrooms have also been updated with stylish vanities and subway tile glass showers.Not only has the interior of the building received attention, but significant improvements have been made to the infrastructure as well. A new membrane roof was installed in 2023, ensuring durability and protection from the elements. In addition, a new front intercom system was installed in 2024, enhancing security and convenience for residents. Parking is always a valuable asset in busy downtown areas, and this building offers a total of 16 parking spots. Six parking spots are conveniently located in the front of the building, while the remaining ten are situated in the back. Note all units have separate hydro meters.
Location
Province ON
County Middlesex
Zoning R3-1,OC
Rooms
Family Room Yes
Basement Separate Entrance
Kitchen 9
Interior
Interior Features Other
Cooling None
Exterior
Garage Private
Garage Spaces 16.0
Pool None
Roof Type Membrane
Total Parking Spaces 16
Building
Foundation Block
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