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Rocky Li

Sales Representative
Right At Home Realty, Brokerage Cell: 416-567-3688Office: 905-695-7888Fax: 905-695-0900

$999,999
Available - For Sale
Listing ID: X8227552
353 Central Ave , London, N6B 2E3, Ontario


Welcome to your new investment property! 4 self-contained units await in the heart of London. Steps from Wellington and Richmond, walking distance to shopping, groceries, bars, restaurants. Close to downtown, just blocks away from the train station. Each unit is separately metered for hydro. Unit 1 features 1 bedroom on the main floor, with 2 in the basement, washer/dryer, dishwasher and 2 parking spots. Unit 2- 2 beds, washer/dryer, dishwasher. Unit 3- 1 bedroom, 1 parking spot. Unit 4- 2 beds, washer/dryer, 2 parking spots and use of backyard. Check out the detailed floor plan in attachments for a great breakdown of each unit. Each unit is heated by electric baseboards, with tenants paying hydro. Landlords pay water and gas. Asphalt shingle roof done in 2019. All 4 units currently rented, and with a property manager already in place, this is a turn-key rental property that will add considerable value to your current holdings or make a great first investment!
Extras:   Rent for each unit: Unit 1- Rented in the past for $2,050 (3 bed), Unit 2- Rented in the past for $1,500 (2 bed), Unit 3- $544.50 (1 bed), Unit 4- $1,800 (2 bed). Current property manager in place charges 7% of monthly rent.
Price $999,999
Taxes: $5915.55
DOM 20
Occupancy by: Tenant
Address: 353 Central Ave , London, N6B 2E3, Ontario
Lot Size: 34.12 x 132.58 (Feet)
Directions/Cross Streets: Central Ave And Wellington St
Rooms: 16
Rooms +: 2
Bedrooms: 6
Bedrooms +: 2
Kitchens: 4
Family Room: N
Basement: Finished, Part Bsmt
Property Type: Detached
Style: 3-Storey
Exterior: Brick
Garage Type: None
(Parking/)Drive: Pvt Double
Drive Parking Spaces: 4
Pool: None
Approximatly Square Footage: 3000-3500
Fireplace/Stove: N
Heat Source: Electric
Heat Type: Baseboard
Central Air Conditioning: None
Sewers: Sewers
Water: Municipal
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Down Payment $ $ $ $
First Mortgage $ $ $ $
CMHC/GE $ $ $ $
Total Financing $ $ $ $
Monthly P&I $ $ $ $
Expenses $ $ $ $
Total Payment $ $ $ $
Income Required $ $ $ $

This chart is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.

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This calculator is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.
Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
RIGHT AT HOME REALTY
Personal Picture
Rocky Li
Sales Representative
Dir:
416-567-3688
Bus:
905-695-7888
Fax:
905-695-0900
 
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At a Glance:
Type: Freehold - Detached
Area: Middlesex
Municipality: London
Neighbourhood: East F
Style: 3-Storey
Lot Size: 34.12 x 132.58(Feet)
Approximate Age:
Tax: $5,915.55
Maintenance Fee: $0
Beds: 6+2
Baths: 4
Garage: 0
Fireplace: N
Air Conditioning:
Pool: None
Locatin Map:
Payment Calculator:
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