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USD 1,163,608

303 WOLFE Street
London, Ontario

Beds 8
Baths 3

Property Description

Beautiful renovated 2.5 storey large triplex in sought after Woodfield estates neighbourhood close to downtown London and Western University. Only a one minute walk to Victoria park or Richmond row shops. Cant find a better location to make an investment! In the past two years this building has had over $150,000 in upgrades. Unit #2 has been fully renovated, All of the wiring has been upgraded with ESA inspections; new eves and fascia; steel roof (2017); new exterior doors; new stamped concrete patio; 3 hot water tanks (owned); new large bathroom in front unit (#1), all new appliances in units 2&3 plus brand new washer/dryer in every unit. Each unit has a separate gas furnace, central A/C, gas meter and hydro meter. Plenty of parking available in private drive and at rear. Before COVID 5 of the 9 parking spaces where rented monthly to London Life employees. Those employees will be returning to the office soon. Property has two 3 bedroom units and one 2 bedroom unit. All Units have decks/outdoor space. Large 2 storey unit is rented $2300/month and the 2 bedroom rented $1800/month. The other 3 bedroom unit has just been fully renovated and could easily rent $2400+/month. Low expenses, excellent net income. Contact agent for all financial information. Great opportunity to add to your portfolio!. (id:885)

Courtesy of ROYAL LEPAGE TRILAND REALTY

Property Details

ID #
40248698
Status
Sale
Type
Multi-family, Triplex, Multi Residential, Residential
Postal Code
N6B2C4
Building Area
325m2
Septic
City sewer
Amenities
Public Transit, Shopping
Area Amenities
Public Transit, Shopping
Basement
Partial (Unfinished), Unfinished
Construction Style Attachment
Attached
Cooling Type
Central air conditioning
Exterior
Brick
Heating Fuel
Natural gas
Heating Type
Forced air
Ownership Type
Freehold
Utility Water
Municipal water
Zoning Description
R3-1 (6)

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