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763 Colborne St

Colborne St, Bishop Hellmuth Heritage District, London, ON, N6A 3Z8

6
Beds
3
Baths
1,872
Sq. Ft.
$849,900
List Price
Details
Photos
25
Comparables
History
763 Colborne St, London, ON - 1 of 3
763 Colborne St, London, ON - 2 of 3
763 Colborne St, London, ON - 3 of 3
New
14 days on market

Quick Summary

  • Exceptional deep lot location near downtown
  • Fully occupied multi-unit brick residence
  • Separate utilities and entrances for each unit
  • Additional revenue from leased parking spaces
  • Achieving 5.1% cap rate with $50,000+ gross income
  • Turnkey investment property ready for new owner

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... Show More

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:54626)

Property Details

Size

1,872 sq. ft.
across 2 floors
6 Beds
3 Baths
3 Full

Parking

5 Parking Spaces
-

Lot

Size
383′11″ * 3012′
Acres
-

Build

Year Built
1901
Model Name
-
Basement
Finished
Exterior
Concrete
Foundation
Poured Concrete
Builder Name
-
Stories
2
Flooring
-
Roof
-

Heating & Cooling

Heating
Forced air
Cooling
None

Utilities

Water
Municipal water
Sewer
Municipal sewage system
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Ownership Details

Ownership

Title
Freehold
Zoning
-

Source

Listing Brokerage

MLS® Listing
40562082
Last Updated
April 23, 2024
Brokerage
CENTURY 21 FIRST CANADIAN CORP., BROKERAGE
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