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625-627 Third Street S

Third St, London Junction, London, ON, N5V 2C2

-
Beds
16
Baths
24,600
Sq. Ft.
$3,750,000
List Price
Details
Photos
17
Comparables
History
625-627 Third Street S, London, ON - 1 of 3
625-627 Third Street S, London, ON - 2 of 3
625-627 Third Street S, London, ON - 3 of 3
New
5 days on market

Quick Summary

  • Excellent condition buildings
  • Profitable 8% cap rate
  • Hydro paid by owner
  • Clean environmental record
  • Growing student rental demand
  • Coin-operated laundry in units
  • 56 beds across 8 units
  • Steps to Fanshawe College

8 unit 56 Bed student rental steps to Fanshawe College. Built in 1996. $69,642/Bed. Buildings in excellent condition. Gross Income $415,584. Aprox. 8.0% cap rate. Hydro paid by owner. Clean environmental 2014. With the infux of students coming to Ontario the properties rent roll will continue to grow. Current owners sign 1 year lease with... Show More

8 unit 56 Bed student rental steps to Fanshawe College. Built in 1996. $69,642/Bed. Buildings in excellent condition. Gross Income $415,584. Aprox. 8.0% cap rate. Hydro paid by owner. Clean environmental 2014. With the infux of students coming to Ontario the properties rent roll will continue to grow. Current owners sign 1 year lease with each student. Coin operated Laundry in each suite. (id:54626)

Property Details

Size

24,600 sq. ft.
0 Beds
16 Baths
16 Full

Parking

20 Parking Spaces
-

Heating & Cooling

Heating
Other
Cooling
-

Utilities

Water
Municipal water
Sewer
-
SHOW LESS

Source

Listing Brokerage

MLS® Listing
X8481578
Last Updated
June 27, 2024
Brokerage
MYSAK REALTY INC.
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Call us 800-591-0566

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