500 502 Colborne Street London, Ontario N6B 2T5
$1,400,000
Introducing a lucrative investment opportunity in the heart of the city! 500/502 Colborne is a 5 unit multi-family property\r\nand a dream come true for savvy investors seeking to maximize their returns. With a prime location, this property is nestled\r\nin a sought-after Woodfield neighbourhood, offering a turnkey investment with prime rents, in a thriving rental market.\r\nFeaturing a well-maintained and updated exterior this property has great curb appeal that allows parking for up to 6 cars.\r\nThe property comprises 5 spacious, well designed units with open-concept layouts. Tenants can enjoy easy access to a wide\r\nrange of amenities, including shopping, dining, and entertainment options. On site laundry, eliminating the need for off-site laundry trips. 500 Colborne : Unit 1 $1659.98+ hydro Unit 2 $1396+ hydro(rental\r\nincrease to $1430 Aug. 1st) Unit 3 $1515+ hydro. 502 Colborne : Unit 1 $2000+ hydro and gas (rental increase to $2050\r\nJune 1st) Unit 2 $1634+ hydro and gas (id:48046)
Property Details
| MLS® Number | X8382104 |
| Property Type | Business |
| Community Name | East F |
| Amenities Near By | Recreation, Public Transit, Hospital |
| Parking Space Total | 6 |
| Structure | Deck |
Building
| Bathroom Total | 6 |
| Bedrooms Total | 10 |
| Appliances | Dishwasher, Dryer, Refrigerator, Stove, Washer |
| Basement Type | Full |
| Exterior Finish | Concrete, Brick |
| Foundation Type | Block |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Size Interior | 5556 Sqft |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Land Amenities | Recreation, Public Transit, Hospital |
| Sewer | Sanitary Sewer |
| Size Depth | 105 Ft |
| Size Frontage | 45 Ft |
| Size Irregular | Unit=45 X 105 Ft |
| Size Total Text | Unit=45 X 105 Ft|under 1/2 Acre |
| Zoning Description | R3-2 |
https://www.realtor.ca/real-estate/26959180/500-502-colborne-street-london-east-f
Interested?
Contact us for more information
Justin Konikow
Salesperson
(226) 756-2203
(519) 473-9992
Mark Tyson
Salesperson
(519) 473-9992
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September 06 2024 12:21:47
London and St. Thomas Association of REALTORS®
Prime Real Estate Brokerage