29 CARTWRIGHT STREET, London, Ontario, N6B 2W5

$1,999,000

MLS® # X11894325

Investment For Sale In Central London, London, Ontario

$1,999,000

Property Information:

Rare opportunity to purchase a building like this in the core area. Solid brick 12 unit apartment building. Huge upside potential with rents in the $1350. A month range of value of $2,800,000 at 5% cap rate potential rents of $1600 a month with high end finishes to the units and a projected market value of almost $3,600,000 at a 5% cap rate. Lots of parking in the back parking lot. Solid built building. Roof approx. 8 years old. Located right downtown within walking distance to shops, Victoria park and all amenities. 11 one bedroom apartments and 1 bachelor apartment. Laundry located in lower level. (id:27)

Building Features:

  • Style: Multiplex
  • Building Type: Other
  • Exterior Finish: Brick
  • Foundation Type: Concrete
  • Heating Type: Hot water radiator heat
  • Heating Fuel: Natural gas
  • Appliances: Dryer, Refrigerator, Two stoves, Washer

Property Features:

  • Property Type: Multi-family
  • Bedrooms: 8+3
  • Bathrooms: 12
  • Amenities Nearby: Hospital, Park, Public Transit, Schools
  • Features: Lane
  • Irregular: Yes
  • Lot Depth: 166.0 Feet
  • Lot Frontage: 60.0 Feet
  • Lot Size: 60 x 166 FT
  • Zoning: R3-2
  • Sewer: Sanitary sewer
  • No. of Parking Spaces: 12

Courtesy of: SUTTON GROUP - SELECT REALTY

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This listing content provided by REALTOR.ca has been licensed by REALTOR® members of The Canadian Real Estate Association.

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