Colborne or Maitland Great investment opportunity with this fully rented four plex located in a quiet family oriented neighbourhood. Walking distance to all the fun and vibrant activities that the City of London has to offer including Victoria Park, Covenant Market, Budweiser Gardens, Richmond Row with all of it's eateries and lounges. This area is in high demand for renters. Many updates done throughout with newer kitchens, windows, floors, baths, etc. Very large private backyard and deep double drive with enough room for all units to have parking. Would also make for a perfect place for an owner to live and and make some income towards the mortgage. Close to public transit and London's many bike trails and recent road updates to accommodate bike commutes. Main floor is 3 bedrooms, Upper floor 2, 1 bedroom units. Lower is a 2 bedroom with e-gress window. Shared coin operated laundry located in a separate room in the lower level. This property is licensed and fire inspected. Most rents at current market value and cap rate is 6%. (id:27476)
