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$ 688,000
Est. payment | /mo
6 Beds
4 Baths
1,896 SqFt
$ 688,000
Est. payment | /mo
6 Beds
4 Baths
1,896 SqFt
Key Details
Property Type Multi-Family
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Square Footage 1,896 sqft
Price per Sqft $362
Subdivision East F
MLS® Listing ID 40708862
Bedrooms 6
Year Built 1884
Property Sub-Type Freehold
Source Cornerstone - Waterloo Region
Property Description
Nestled in Historic Downtown Woodfield (2016 Winner of Great Places in Canada Award) sits this unassuming 19th century cottage charmer style home. Full of history, this newly renovated multi-generational home sits on a huge lot with one of the largest backyards on the street that features a row of fully mature lilac bushes, an outdoor living space with gas hookup, huge gardens and two driveways with space for up to three cars, making navigating multi-family life a breeze. Lord Roberts Public School and London Central Secondary School are within walking distance making this a perfect family home featuring 3 spacious bedrooms, two bathrooms, a full kitchen, kitchenette and laundry in the back as well as a full inlaw or guest suite in the front featuring a huge front porch and the option for laundry in the basement. The home also features a legal 2 bedroom upper apartment w/ separate entrance and dedicated laneway; newly rented at $1610 a month. Currently there is flexibility as the front main level one bedroom unit are vacant; making for an ideal owner occupied property. The rear lower three bed and two bath unit with in suite laundry is currently rented to a lovely family at $1999 a month. With rents of $5184 a month with all three units rented; with an annual rental income of $62,208; this prime location triplex is operating at an actual 6% Cap Rate at asking price. This spacious lot also offers ample room to legally add an additional stand alone garden suite unit; in full compliance with the City of London's additional dwelling unit directions. (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating Baseboard heaters, , Forced air,
Cooling Central air conditioning
Exterior
Parking Features No
Fence Fence
Community Features School Bus
View Y/N No
Total Parking Spaces 3
Private Pool No
Building
Story 2
Sewer Municipal sewage system
Others
Ownership Freehold
Listed by EXP REALTY