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X6813876
$1,149,000

273 Thompson Rd (Thompson Rd And Emerson Ave)

Price: $1,149,000

Status: For Sale 

MLS®#: X6813876

Rooms Request More Info Calculator
$1,149,000
  • Tax: $4,005 (2023)
  • City:London
  • Type:Residential
  • Style:Detached (Other)
  • Beds:9
  • Bath:8
  • Size:3000-3500 Sq Ft
  • Basement:Apartment (Finished)
  • Age:16-30 Years Old

Features:

  • ExteriorAlum Siding
  • HeatingForced Air, Electric
  • Sewer/Water SystemsSeptic, Municipal
  • Lot FeaturesHospital, Park, Place Of Worship, Public Transit, School, School Bus Route

Listing Contracted With: HOMELIFE/MIRACLE REALTY LTD

Description

Rare investment opportunity - 8% CAP - SOLID 9 bedroom 8 washroom building fully tenanted and currently cash flowing $92,400 with potential to increase to $102,600!!! This building is ALWAYS tenanted and professionally managed. Features coin-op laundry earning an additional $1,300 - $1,500. All appliances are owned - instant hot water heater, furnace, A/C. Electricity utility only - LOW utilities! City of London has no density cap on this plot of land and the property can be further expanded a minimum of 12 units - potentially increasing income to over $250,000!! Favorably zoned commercial/residential allowing for multiple uses (work/live, commercial, multi-family residential). Large lot to allow for development of a parking lot, extra garage/unit, or commercial unit.

Want to learn more about 273 Thompson Rd (Thompson Rd And Emerson Ave)?

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’

Satwant Brar

Broker

Homelife Miracle Realty Ltd.

Rooms

Room
Level
Dimensions MFt
Features
Br
Level: Bsmt
Dimensions: --
Features: 3 Pc Bath
Br
Level: Bsmt
Dimensions: --
Features: 3 Pc Bath
Br
Level: Bsmt
Dimensions: --
Features: 3 Pc Bath
Kitchen
Level: Bsmt
Dimensions: --
Features:
Br
Level: Main
Dimensions: --
Features: 3 Pc Bath
Br
Level: Main
Dimensions: --
Features: 3 Pc Bath
Br
Level: Main
Dimensions: --
Features: 3 Pc Bath
Br
Level: Main
Dimensions: --
Features: 3 Pc Bath
Br
Level: Main
Dimensions: --
Features: 3 Pc Bath
Satwant Brar

Satwant Brar

Broker

Homelife Miracle Realty Ltd.

821 Bovaird Drive West Unit # 31 , Brampton, Ontario, L6X 0T9

info@satwantbrar.com

(647) 388-1720

(905) 450-5100

(905) 455-5110
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