353 Central Avenue For Sale

London, East F, N6B 2E3

$999,999

Description

Listed by RIGHT AT HOME REALTY.

Welcome to your new investment property! 4 self-contained units await in the heart of London. Steps from Wellington and Richmond, walking distance to shopping, groceries, bars, restaurants. Close to downtown, just blocks away from the train station. Each unit is separately metered for hydro. Unit 1 features 1 bedroom on the main floor, with 2 in the basement, washer/dryer, dishwasher and 2 parking spots. Unit 2- 2 beds, washer/dryer, dishwasher. Unit 3- 1 bedroom, 1 parking spot. Unit 4- 2 beds, washer/dryer, 2 parking spots and use of backyard. Check out the detailed floor plan in attachments for a great breakdown of each unit. Each unit is heated by electric baseboards, with tenants paying hydro. Landlords pay water and gas. Asphalt shingle roof done in 2019. 3 units currently rented with unit 1 being vacant, but in the place property manager is actively looking for a new tenant or better yet, move into unit 1 and let the other 3 units pay your mortgage! This is a turn-key rental property that will add considerable value to your current holdings or make a great first investment!

Rent for each unit: Unit 1- Rented for $1,950 (3 bed), Unit 2- Rented for $1,500 (2 bed), Unit 3- $544.50 (1 bed), Unit 4- $1,800 (2 bed). Current property manager in place charges 7% of monthly rent.

Location

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  • Address: 353 Central Avenue
  • Neighborhood: East F
  • City: London
  • State: Ontario
  • Postal Code: N6B 2E3

Property Video

Property Details

  • Property ID: X9295385
  • Property Price: $999,999
  • Style: Detached, 3-Storey
  • Sq/Ft: 3000-3500
  • Rooms: 16+2
  • Bedrooms: 6+2
  • Bath: 4
  • Parking Spaces: 4
  • Basement: Finished, Part Bsmt
  • Den: N
  • Exterior: Brick
  • Heating: Baseboard
  • Fireplace: N
  • Taxes: $5,915.55 (2023)
  • Lot: 132.58x34.12 (Feet)

Room details and dimensions

Statistics for similar Detached homes in East F

The graph below compares the average list price and average sale price of homes in this neighborhood by month for the last 24 months. When average sale price is greater than average list price, this may suggest a buyer's market. When average sale price is lower than the average list price this may suggest a seller's market.

Average days on market for similar Detached homes in East F

The graph below illustrates the average days on market for homes in this neighborhood. The yellow area may indicate a buyer's market, the green area may indicate a balanced market and the red area may indicate a seller's market.

Number of transactions for similar Detached homes in East F

Property History

This property has been sold 12 times before. To view this property's sale price history please sign in or register:


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Contact Manoj Kukreja

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