$1,479,000

303 Wolfe Street

London ON, N6B 2C4

Description

Beautiful fully leased 2.5 storey large triplex in sought after Woodfield neighbourhood in downtown London. Just a one minute walk to Victoria park or Richmond row. Cant find a better location to make an investment! In the past two years this building has had over $135,000 done in upgrades. All of the wiring has been upgraded with ESA inspections; new eves and fascia; steel roof (2017); new exterior doors; new stamped concrete patio; 3 hot water tanks (owned); new large bathroom in front unit (#1), all new appliances in side unit (#3), plus brand new washer/dryer in every unit. Each unit has a separate furnace, gas meter and hydro meter. Plenty of parking available in private drive and at rear. 5 of the 10 parking spaces are rented monthly to London Life employees. Property has two 3 bedroom units and one 2 bedroom units. Units 2 and 3 both have private decks/outdoor space. Low expenses, excellent net income. Great opportunity to add to your portfolio! There is also potential to add more units, or live there and let the other units help with the mortgage.

Details

MLS#40057642
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Days On Site38

Features

SQ Feet3,500
Units3
Building(s)1
Loading Form
Loading Form
Area Information
ProvinceON
CountyMiddlesex
CityLondon
Postal CodeN6B 2C4
AreaEast
Listing VS Median (in N6B 2C4)
Price:
$1,479,000
low | high
Med:
$1,479,000
50% of Average
SqFt:
3,500
low | high
Med:
3,500
50% of Average
$ / SqFt:
$423
low | high
Med:
$423
50% of Average
On Site:
38
low | high
Med:
38
100% of Average
Listing Updated: February 25, 2021 8:00:42 PM PST
BRENT RAEMISCH LogoMLS Number: 40057642
Listing Provided By:
BRENT RAEMISCH  of  ROYAL LEPAGE TRILAND REALTY
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Information Technology of Southern Ontario MLS.