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144 William Street

London, ON N6B 3B5
  • $799,000
  • STATUS: Active
  • ON SITE: 261 Days
  • MLS #: 40436771
$799,000
  • 6
    BEDS
  • < 0.5
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
  • 2,348
    SQFT
  • $340
    $/SQFT
Neighbourhood:
Type:
Single-Family Home
County:
Area:

Description

FULLY UPDATED LEGAL NON-CONFORMING USE TURNKEY FOURPLEX - IDEAL FOR LOW STRESS INCOME PROPERTY FOR INVESTORS This hidden gem nestled away on a quiet side street in the gentrified hub of SOHO (South of Hamilton Road) boasts solid income on all four rented units. This property has a 6%+ Cap Rate at the Asking Price; with a NOI (net operating income)of over $52,500. All units are currently rented. This property has very high quality tenants that have been an added blessing to this cash flowing asset. All of the units were renovated with new furnace, hot water heaters, roof, windows, flooring, kitchens, washroom upgrades, new trim and millwork, stucco, interior and exterior paint and other recent upgrades since ownership. In behind this property is a spacious inclose back yard and parking. In this best way this property feels private and disconnected. This property has operated as a legal non-conforming use fourplex going back past the early 90s (potentially and likely longer).

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The data relating to real estate on this web site comes in part from the Internet Data Exchange (IDX) program of the Information Technology Systems Ontario. The information herein is believed to be accurate and timely, but no warranty as such is expressed or implied. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purposes or any other purpose. Data updated daily.

The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.

Data last updated: 2024-03-01T00:23:29.323.
www.initiaontario.com/homes/140541780
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144 William Street London, ON N6B 3B5

  • Price: $799,000
  • Status: Active
  • On Site: 261 Days
  • MLS #: 40436771
6
Beds
4
Baths
0
½ Baths
< 0.5
Acres
2,348
SQFT
$340
$/SQFT
Neighbourhood:
East K
County:
Middlesex
Area:
East
Elementary School:
Aberdeen Public School, Sacred Heart Knanaya Catho
High School:
H.B Beal Secondary School, Catholic Central Second
Property Description
FULLY UPDATED LEGAL NON-CONFORMING USE TURNKEY FOURPLEX - IDEAL FOR LOW STRESS INCOME PROPERTY FOR INVESTORS This hidden gem nestled away on a quiet side street in the gentrified hub of SOHO (South of Hamilton Road) boasts solid income on all four rented units. This property has a 6%+ Cap Rate at the Asking Price; with a NOI (net operating income)of over $52,500. All units are currently rented. This property has very high quality tenants that have been an added blessing to this cash flowing asset. All of the units were renovated with new furnace, hot water heaters, roof, windows, flooring, kitchens, washroom upgrades, new trim and millwork, stucco, interior and exterior paint and other recent upgrades since ownership. In behind this property is a spacious inclose back yard and parking. In this best way this property feels private and disconnected. This property has operated as a legal non-conforming use fourplex going back past the early 90s (potentially and likely longer).
Exterior Features

Acres Range < 0.5 Architectural Style 1 Storey/Apt Attached Garage YN No Attached YN No Carport YN No Construction Materials Stucco Crops Included YN No Direction Faces East Docking YN No Driveway Parking Outside/Surface/Open Exterior Features LightingPrivate EntranceSeparate Hydro Meters Foundation Details Brick/Mortar Frontage Length 55.00 Frontage Type West Garage YN No Is Land YN No Lot Features UrbanRectangularCity LotLibraryOpen SpacesParkPlace of WorshipPublic ParkingPublic TransitSchool Bus RouteSchoolsShopping NearbyTrailsOther Lot Size Area 0.127 Open Parking Spaces 4 Open Parking YN Yes Parking Features Gravel Parking Total 4 Patio And Porch Features DeckPatioEnclosed Property Attached Detached Road Frontage Type Public RoadYear Round Road Roof Asphalt Shing Topography Flat Waterfront YN No Year Roof Replaced 2019

Interior Features

Above Grade Finished Area 1286 Age Of Plumbing 4 Years Age Of Tank 4 Years Appliances Water Heater Basement Separate EntranceWalk-Out AccessWalk-Up AccessFullFinished Bathrooms Total 4 Beds Above Grade 4 Beds Below Grade 2 Below Grade Finished Area 1062 Cooling Central Air Cooling YN No Fireplace YN No Heating Forced AirNatural GasSpace Heater Heating YN Yes Interior Features High Speed InternetFloor DrainsIn-Law FloorplanSeparate Hydro MetersWater MeterNone Kitchens Total 4 Main Level Bedrooms 4 Room Count 21 Sq Ft Approx Unfinished Total 0

Property Features

Age Electric 4 Years Age Furnace 4 Years Association Fee2 0 Association Fee2 Frequency Monthly Common Elements Fee YN No Common Interest Freehold/None Condo Corporation YN No Cross Street Hamilton Road Electric On Property YN Yes Exclusions Tenant Owned Items Inclusions Carbon Monoxide DetectorSmoke DetectorOtherCarbon Monoxide DetectorSmoke Detector4 Stoves4 RefridgeratorsWasher(S)Dryer(S)Smoke Detectors(S)Carbon Monoxide Detectors(S) Laundry Features Common Area Licensed Dwelling YN No Lot Depth 99 New Construction YN No Property Sub Type Single Family Residence Security Features Carbon Monoxide DetectorSmoke DetectorSmoke Detector(s) Senior Community YN No Sewer Sewer (Municipal) Transaction Type Sale Utilities Cable ConnectedCell ServiceElectricity ConnectedFibre OpticsGarbage/Sanitary CollectionNatural Gas ConnectedRecycling PickupStreet LightsPhone Connected Water Meter YN Yes Water Source Municipal Winterized Fully Winterized Zoning R2-2

Listing information © 2024 Information Technology Systems Ontario.
Listing provided courtesy of Nathan Blanco of EXP REALTY, BROKERAGE.
The data relating to real estate on this web site comes in part from the Internet Data Exchange (IDX) program of the Information Technology Systems Ontario. The information herein is believed to be accurate and timely, but no warranty as such is expressed or implied. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purposes or any other purpose. Data updated daily.

The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.

Data last updated: 2024-03-01T00:23:29.323.
 
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