$ 5,595,000
129 JOHN ST London, ON N6A 1N7
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In-PersonVirtual Tour
$ 5,595,000
Est. payment /mo
Active
129 JOHN ST London, ON N6A 1N7
9 Beds
19 Baths
UPDATED:
09/09/2024 01:37 PM
Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 5000 +
MLS Listing ID X9234740
Style 3-Storey
Bedrooms 9
Annual Tax Amount $47,160
Tax Year 2024
Property Description
Rare Opportunity to Own a Prime Downtown 19-Unit Purpose Built Apartment Building in a Highly Desirable AAA Location.Nestled on John Street, between Richmond Street and Talbot Street, this exceptional building offers a rare chance to own a prominent piece of downtown real estate. Boasting 19 units and a rented garage in the rear, this property presents a lucrative investment opportunity.Current gross income is $367,213.44 with lots of potential to increase the rents.The building comprises of 5 well-appointed two-bedroom units and 14 spacious one-bedroom units, catering to a diverse range of tenants. Impeccable renovations have been meticulously carried out on 16 of the 19 units, elevating the living experience to unparalleled heights. Upgrades include brand-new kitchens adorned with quartz countertops and state-of-the-art stainless steel appliances, providing residents with a modern culinary haven. Additionally, each unit is equipped with in-suite stackable laundry facilities, ensuring utmost convenience. The flooring has been replaced throughout, exuding elegance and durability. The newly remodeled bathrooms feature stylish vanities and sleek subway tile glass showers, exuding a sense of luxury and sophistication.Moreover, this building boasts a generous parking capacity, with 15 parking spots available in the rear. This amenity is highly valued in the downtown area, making it an even more enticing investment opportunity.With its impressive renovations, prime location, and remarkable features, this building is poised to be an outstanding addition to any real estate portfolio. Don't miss out on this extraordinary chance to own a remarkable piece of downtown living.
Location
State ON
County Middlesex
Area East F
Rooms
Family Room No
Basement Apartment, Separate Entrance
Kitchen 9
Interior
Interior Features Other
Cooling Window Unit(s)
Fireplace No
Heat Source Gas
Exterior
Garage Private
Garage Spaces 9.0
Pool None
Waterfront No
Waterfront Description None
Roof Type Asphalt Shingle
Parking Type Detached
Total Parking Spaces 12
Building
Unit Features Fenced Yard,Hospital,Park,Place Of Worship,Public Transit,School
Foundation Concrete
Others
Security Features None
Listed by SUTTON GROUP - SELECT REALTY