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144 William Street London, Ontario N6B 3B5

6 4 4 0.127 ac
6 Bedroom 4 Bathroom 0.127 ac
Cooling: Central Air Conditioning Heating: Forced Air, Space Heater, Natural Gas

$799,000

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). (id:48040)

Property Details

MLS® Number 40436771
Property Type Single Family
Neigbourhood Central London
Amenities Near By Park, Place Of Worship, Public Transit, Schools, Shopping
Communication Type High Speed Internet
Community Features School Bus
Features Crushed Stone Driveway, In-law Suite
Parking Space Total 4

Building

Bathroom Total 4
Bedrooms Above Ground 4
Bedrooms Below Ground 2
Bedrooms Total 6
Appliances Water Meter
Basement Development Finished
Basement Type Full (finished)
Construction Style Attachment Detached
Cooling Type Central Air Conditioning
Exterior Finish Brick, Stucco
Fire Protection Smoke Detectors
Foundation Type Brick
Heating Fuel Natural Gas
Heating Type Forced Air, Space Heater
Stories Total 1
Size Interior 1286
Type House
Utility Water Municipal Water

Land

Access Type Road Access
Acreage No
Land Amenities Park, Place Of Worship, Public Transit, Schools, Shopping
Sewer Municipal Sewage System
Size Depth 99 Ft
Size Frontage 55 Ft
Size Irregular 0.127
Size Total 0.127 Ac|under 1/2 Acre
Size Total Text 0.127 Ac|under 1/2 Acre
Zoning Description R2-2

Rooms

Level Type Dimensions
Basement Kitchen 6'1'' x 10'6''
Basement Kitchen 10'11'' x 6'8''
Basement Living Room 17'7'' x 11'5''
Basement Living Room 10'9'' x 19'0''
Basement 3pc Bathroom 6'1'' x 6'4''
Basement 3pc Bathroom 5'8'' x 5'8''
Basement Bedroom 14'5'' x 12'6''
Basement Bedroom 12'2'' x 9'4''
Basement Den 11'8'' x 8'0''
Lower Level Foyer 11'10'' x 7'3''
Main Level Laundry Room 11'10'' x 7'3''
Main Level Living Room 18'4'' x 12'8''
Main Level Living Room 17'10'' x 13'0''
Main Level 3pc Bathroom 6'6'' x 5'8''
Main Level 3pc Bathroom 6' x 6''
Main Level Kitchen 12'9'' x 6'0''
Main Level Kitchen 13'5'' x 6'2''
Main Level Bedroom 10'3'' x 11'1''
Main Level Bedroom 7'10'' x 10'9''
Main Level Bedroom 10'3'' x 11'1''
Main Level Bedroom 7'10'' x 10'9''

Utilities

Cable Available
Electricity Available
Natural Gas Available
Telephone Available

https://www.realtor.ca/real-estate/25710115/144-william-street-london

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