763 COLBORNE ST

London, Ontario, N6A3Z8, Canada

$849,900

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!

Last updated on : Tuesday 23rd of April 2024 09:34:01 AM

ADDRESS

Street : 763 COLBORNE ST

City : London

Province : Ontario

Country : Canada

Postal Code : N6A3Z8

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PROPERTY SUMMARY

Property ID : X8258092

Building Type : Triplex

Property Type : Single Family

Bedrooms : 5 + 1

Bathrooms : 3

Parking : 5

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