763 Colborne Street No longer available

London, East B, N6A 3Z8

$849,900

Description

Listed by CENTURY 21 FIRST CANADIAN CORP.

Exciting Update on Rental Property! Achieving a 5.1% Cap Rate with Over $50,000 in Gross Income! Explore this property with an exceptionally deep lot, just moments away from Downtown, Western University, Fanshawe College, St. Joseph's Hospital, and numerous amenities. This two-story brick residence is fully occupied and ready for a new owner. It comprises lower, first, and second-floor units, each with its own entrance. The lower and first-floor units include utilities, while the second unit is separately metered for electricity. Additional revenue streams come from local businesses leasing parking spaces at the rear of the property. Don't miss out on this opportunity to own a slice of downtown London! Income and expense details are available upon request. This property is completely turnkey!

Location

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  • Address: 763 Colborne Street
  • Neighborhood: East B
  • City: London
  • State: Ontario
  • Postal Code: N6A 3Z8

Property Details

  • Property ID: X8258092
  • Property Price: $849,900
  • Style: Triplex, 2-Storey
  • Bedrooms: 5+1
  • Bath: 3
  • Parking Spaces: 5
  • Basement: Finished, Full
  • Den: Y
  • Exterior: Concrete
  • Heating: Forced Air
  • Fireplace: N
  • Taxes: $5,508.00 (2023)
  • Lot: 251.00x31.99 (Feet)

Property History

This property has been sold 6 times before. To view this property's sale price history please sign in or register:


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Recently Sold

    • Sold 108 days ago

    178 Montgomery Road

    Kitchener, N2H 3P6

    $899,900

    $000000

    • Sold 85 days ago

    54 Frederick Avenue

    Hamilton, Crown Point, L8H 4K4

    $899,900

    $000000

  • Contact Manoj Kukreja

    Sales Representative, Re/max Premier Inc., Brokerage
    (647) 576 - 2100

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