MLS®: 124734 Status: For sale

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$610,000
Location:

448-450 Simcoe Street, London Ontario, N6B1K2

448-450 Simcoe Street, London Ontario
Description:
Attention investors! Put your money in something more stable than the stock market. Rare 6.3% cap rate turnkey building! At .275 of an acre and R3-1 zoning, you can still legally add a basement unit to this property to maximize your income opportunities! Vendor has this place running like a well oiled machine! Fantastic tenants, entire basement spray foam insulated(May 2018), brand new roof(February 2018), attic has been completely re-insulated(Feb2018), new ??electrical and plumbing, newer siding, windows and doors all within the last 3 years, the only thing you have to do is "click" to accept your rent cheques every month! Within 10 minute walk to downtown, on all bus routes and 15 minute drive to the 401. Located in the up and coming SoHo district near upcoming major re-development of the old Victoria Hospital lands. Call to inquire about the City of London Incentives in this area! You will not find a better turnkey investment! (id:2471)
Property:
Type: Multi-family
Lot Dimensions: 0.28Acreage: 0.28 ac|under 1/2 acre
Utility Types Available: Cable (Available)
Sewer: Municipal sewage system
Structures: Patio(s), Porch
Parking Type: Detached garage(2 spaces)
Structure:
Age: 1913
Style: Multi-Family
Heating: Baseboard heaters, Hot water radiator heat
Heating Type: Natural gas
Exterior: Vinyl siding
Foundation Type: Block
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448-450 Simcoe Street, London Ontario

RE/MAX Centre City Realty Inc., Brokerage - REMAXLondon.com

Gord Prior
Sales Representative

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Telephone:
519-667-1800



Listing Office: ROYAL LEPAGE TRILAND REALTY

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