37 ELMWOOD Place, London, Ontario, N6J1J3
Excellent opportunity for an owner occupied mortgage helper or rent out the units for great income! Perfect quiet location, a 10 minute walk to Wortley Village or the coves, bike, walking trails and parks that are steps away. 2 nicely updated units with an extra suite, potential revenue of $55,200.00 per year. Estimated 2 bedroom basement unit at $1400 per month, 2 bedroom main floor unit at $1690 per month, $1500 per month for the upper 1 bedroom unit. A double driveway and parking for 4 cars. with a 6.8% cap rate, this makes for a solid good quality investment. Main floor and upper units have Washers and dryers, the upper unit boasts a large balcony to enjoy that morning coffee or a glass of wine. some updated windows, shingles replaced 2021. A boiler system heats the main floor and basement, Electric heating in the upper unit, 2 seperate hydro and gas meters, 2 electrical panels, portable electric AC units, most furnishings could be included, seperate entrance to the basement. flexible closing date. Attic potential for more space. please allow 24 hours notice for showings. (id:2471)
- Property Address: 37 ELMWOOD Place, London, Ontario, N6J1J3
- Property Type: Multi-family
- Zoning Description: R1-4
- Title: Freehold
- Acreage: under 1/2 acre
- Sewage Type: Municipal sewage system
- Water Type: Municipal water
- Amenities Nearby: Public Transit, Schools
- Structure Style: Duplex
- Style: Attached
- Storeys: 2
- Floor Space: 1398
- Bedrooms: 5
- Bathrooms: 2-Total
- Basement Type: Full (Finished)
- Heating Type: Electric, Natural gas, Baseboard heaters, Hot water radiator heat
- Cooling: None
- Exterior Type: Brick
- Appliances Included: Microwave
- Structures: Porch
Listing Office: NU-VISTA PREMIERE REALTY INC., BROKERAGE
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