763 Colborne ST Active Save Request In-Person Tour Request Virtual Tour
London,ON N6A 3Z8
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
MLS Listing ID X9251807
Style 2-Storey
Bedrooms 5
Annual Tax Amount $5,508
Tax Year 2023
Property Description
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!
Location
State ON
County Middlesex
Area East B
Rooms
Family Room Yes
Basement Finished,Full
Kitchen 3
Separate Den/Office 1
Interior
Interior Features None
Cooling None
Fireplace No
Heat Source Gas
Exterior
Garage Private,Front Yard Parking
Garage Spaces 5.0
Pool None
Waterfront No
Roof Type Asphalt Shingle
Parking Type None
Total Parking Spaces 5
Building
Foundation Concrete Block