$899,900

1037 Richmond Street

London ON, N6A 3J6

Description

Attention investors. Great Investment opportunity..Prime location walking distance to UWO. TURNKEY licensed duplex that has been renovated top to bottom. Main floor4 bedroom units rented until April 2021. Upper most likely will renew .Existing rent income ($2240 and $2280) x 12 = $54240.00. . Based on current average rents for A1 investment properties potential increase of up to 5% for new tenants in 2021. . Rents include heat. Tenants pay electricity and water. (Main floor unit rented for $2480 inclusive until April 30, 2022). Renovations include all windows, aluminum soffit, fascia and eaves troughs, all wiring throughout 2 meters, 2 electrical panels with 100 amp service, all plumbing throughout. One boiler with 3 heating zones and three thermostats. Kitchens, 4 bathrooms and all flooring either refinished or renovated. Decorated and painted throughout. Parking for 6+ vehicles. Property comes with rental license. Showings will be Tuesday, Thursdays and Saturday 1-4 pm. with 24 hrs notice and comply to Covid19 showing protocol. Listed in conjunction with 1073 Richmond St (MLS#40015337) as well. Both are available together or separately. If both purchased one must close in 2021 and the other in 2022

Details

MLS#40014610
Listing TypeFor Sale
Sub-TypeResale
StatusConditional
Days On Site120

Features

Units2
Building(s)1
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Area Information
ProvinceON
CountyMiddlesex
CityLondon
Postal CodeN6A 3J6
AreaEast
Listing VS Median (in N6A 3J6)
Price:
$899,900
low | high
Med:
$899,900
50% of Average
On Site:
120
low | high
Med:
120
100% of Average
Listing Updated: January 26, 2021 8:00:40 PM PST
TREVOR A. TYSON LogoMLS Number: 40014610
Listing Provided By:
TREVOR A. TYSON  of  CENTURY 21 FIRST CANADIAN CORP
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