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$1,349,000
Est. payment /mo
11 Beds
5 Baths
5,000 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 5,000 sqft
Price per Sqft $269
Subdivision East F
MLS® Listing ID X12339936
Bedrooms 11
Source London and St. Thomas Association of REALTORS®
Property Description
Introducing an exceptional investment opportunity in the heart of the city! 500/502 Colborne Street is a five-unit multi-family property located in the highly desirable Woodfield neighbour hood - ideal for investors looking to maximize rental income in one of Londons most sought aftermarkets. This turnkey property offers strong cash flow potential with prime rents and consistent tenant demand. The exterior is well-maintained and recently updated, providing excellent curb appeal and parking for up to six vehicles. Inside, the building features five spacious, well designed units with open-concept layouts that will appeal to todays renters, with one of the main units recently undergoing extensive updating. One of the units include in-suite laundry, while the remaining tenants have access to an on site shared laundry area. With aCity of London rental license already in place, this property offers peace of mind for investors of types. Tenants will appreciate the unbeatable location, with shopping, dining, entertainment, and transit just steps away - making 500/502 Colborne a solid, income-producing asset in a high-demand area. (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating Forced air
Exterior
Parking Features No
Fence Partially fenced
View Y/N No
Total Parking Spaces 6
Private Pool No
Building
Lot Description Landscaped
Story 3
Sewer Sanitary sewer
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Listed by PRIME REAL ESTATE BROKERAGE