235 Hamilton Road London, Ontario N5Z 1P9
$999,800
MONEY MAKER! Legal Five-Unit Property FULLY LEASED! Consisting Of Four Two-Bedroom Units And One Large Three-Bedroom Unit. Each Unit Has One Bath, Kitchen, And Its Own Private Laundry. Meticulously Updated. All Units Are Large In Size And Each Has Its Own Hydro Meter And Separate Entrance. Located In An Excellent Rental Area. Annual Income Projected At $95,340 Per Year. Unit #1 Rented At $1,550 + Hydro, Unit #2 Rented At $1,500 + Hydro, Unit #3 Rented At $1,300 + Hydro, Unit #4 Rented At $1,600 + Hydro, Unit #5 Rented At $1,900 + Hydro. Cap Rate Of 6.9%. An Amazing Investment Opportunity With All Units Currently Tenanted At Market Rents. Annual Income $94,200. The Buyer And The Buyer's Agent Are Responsible For Verifying All Income And Expenses. (id:50886)
Property Details
| MLS® Number | 40629657 |
| Property Type | Multi-family |
| AmenitiesNearBy | Public Transit, Shopping |
| EquipmentType | Water Heater |
| RentalEquipmentType | Water Heater |
Building
| BathroomTotal | 5 |
| BedroomsTotal | 11 |
| BasementDevelopment | Unfinished |
| BasementType | Crawl Space (unfinished) |
| ConstructedDate | 1888 |
| CoolingType | None |
| ExteriorFinish | Brick, Vinyl Siding |
| FoundationType | Unknown |
| HeatingFuel | Natural Gas |
| HeatingType | Forced Air |
| StoriesTotal | 2 |
| SizeInterior | 3668 Sqft |
| UtilityWater | Municipal Water |
Parking
| None |
Land
| AccessType | Road Access |
| Acreage | No |
| FenceType | Fence |
| LandAmenities | Public Transit, Shopping |
| Sewer | Municipal Sewage System |
| SizeFrontage | 39 Ft |
| SizeTotalText | Under 1/2 Acre |
| ZoningDescription | Bdc(35) H13 |
https://www.realtor.ca/real-estate/27255374/235-hamilton-road-london
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Mike Desormeaux
Salesperson
418 Iroquois Shore Rd - Unit 102a
Oakville, Ontario L6H 0X7
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August 07 2024 03:36:01
Oakville, Milton & District Real Estate Board
Rock Star Real Estate Inc., Brokerage