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$6,250,000
Available - For Sale
Listing ID: X13534198
Fantastic investment opportunity in London ON! This site contains 3 purpose built 12 plex's, each with 10 two bedroom units and two one bedroom units (one building has had two of the 2 bedroom units converted into one large unit by the former owner, would be easy to convert back into two units). It sits on over two acres, and that includes a vacant lot that is zoned R8-2 and is just over 0.6 acres (66 feet by 420 feet) that would be perfect to add some additional units to the property. Current rent roll is over $500,000 a year with loads of upside potential to increase to current market rent, currently 13 of the two bedroom units are under market rent. Each unit is separately metered for hydro, each building has its own laundry room, and many updates have been done over the years including new boilers (2023), many new windows (as needed), and most of the units have also been updated (as they become vacant they are renovated). This is a tremendous addition to any investor's portfolio so act today!
Price $6,250,000
Taxes: $75,495.17
Tax Type: Annual
Occupancy by: Tenant
Address: 320-324 Thompson Road , London South, N5Z 2Z2, Middlesex
Postal Code: N5Z 2Z2
Province/State: Middlesex
Legal Description: LT 2 PLAN 812 & PT LTS 21 & 22 BF CON B,
Directions/Cross Streets: Adelaide Street South
No. of Pieces Level
Washroom 1:  0
Washroom 2:  0
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Washroom 6:  0
Washroom 7:  0
Washroom 8:  0
Washroom 9:  0
Washroom 10:  0
Category: Apartment
Use: Apts - Over 20 Units
Building Percentage: T
Total Area: 10,140
Total Area Code:  Square Feet
Area Influences: Public Transit  
Financial Statement: F
Chattels: T
Franchise: F
 Management Expense: 15242
Maintenance: 0
Expenses Actual/Estimated: $Act
Rail: N
Heat Type: Gas Hot Water
Central Air Conditioning: No
Sewers: Sanitary
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Asking Price: $ Heating: $ /Year  
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Taxes:   $ /Year Other Debt: $ /Year  
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Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
ROYAL LEPAGE TRILAND REALTY

320-324 Thompson Road , London South, N5Z 2Z2, Middlesex

Personal Picture
Paulette Zander
Sales Representatives
Dir:
416-456-7481
Bus:
416-203-6636
Fax:
416-203-1908

 
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Type: Com - Investment
Area: Middlesex
Municipality: London South
Neighbourhood: South I
Style:
Lot Size: x 790.00(Feet)
Approximate Age:
Tax: $75,495.17
Maintenance Fee: $0
Beds: 0
Baths: 0
Garage: 0
Fireplace: N
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Personal Pic Paulette Zander Sales Representatives pic pzander@rogers.com Remax Condos Plus Corp., Brokerage Independently owned and operated. pic 45 Harbour Square, Toronto, Ontario M5J 2G4 pic Cell: 416-456-7481 | Office: 416-203-6636 | Fax: 416-203-1908