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763 Colborne St

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

6
Beds
3
Baths
$799,900
List Price
Details
Photos
17
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
101 days on market

Quick Summary

  • Exceptional deep lot location near downtown
  • Fully occupied multi-unit property
  • Separate utilities for second-floor unit
  • Additional revenue from parking space leases
  • Turnkey investment opportunity
  • Attractive 5.1% capitalization rate
  • Over $50,000 in gross annual income
  • Close proximity to universities and hospital

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

Sq. Ft. Not Available
across 2 floors
6 Beds
5 Above Grade - 1 Below Grade
3 Baths
3 Full

Parking

5 Parking Spaces
-

Lot

Size
382′12″ * 3012′0″
Acres
-

Build

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

Heating & Cooling

Heating
Forced air
Cooling
-

Utilities

Water
Municipal water
Sewer
Sanitary sewer
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Source

Listing Brokerage

MLS® Listing
X9251807
Last Updated
October 9, 2024
Brokerage
CENTURY 21 FIRST CANADIAN CORP
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Call us 800-591-0566

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