London East N5W 4T1
Canada

Property

Ownership: For Sale
Type: Duplex
Bedrooms: 8 BR
Bathrooms: 4

Financials

Price:C685,000
($485,300)
(€426,500)
Annual Taxes:C3,336
Angelo Ferlisi
9 Queen Street Unit 7, Cookstown, Ontario

An excellent investment opportunity with proven cash flow, this fully tenanted 8 bedroom duplex near Fanshawe College offers immediate rental income and an attractive cap rate of over 6 based ...

Description

An excellent investment opportunity with proven cash flow, this fully tenanted 8-bedroom duplex near Fanshawe College offers immediate rental income and an attractive cap rate of over 6% based on current rental revenue and estimated operating expenses. The property consists of two self-contained 4-bedroom, 2-bathroom units, each featuring a private entrance, in-suite laundry, its own furnace and central air conditioning, and separately metered hydro. Current annual gross rental income is approximately $53,000, with an estimated net operating income of approximately $44,000. Located just steps from Fanshawe College, the property sits in one of London's strongest student and workforce rental markets, supporting consistent tenant demand and long-term investment appeal. Additional features include individual HVAC systems for each unit, internet and cable wiring in every bedroom, and a 12 x 10 shed with a steel roll-up door for convenient additional storage. An incredible opportunity to purchase a fully leased, income-producing asset offering immediate cash flow in one of London's most established rental locations.

Amenities

  • Other
  • Separate Heating Controls
  • Separate Hydro Meter

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.