303 WOLFE Street, London, Ontario, N6B2C4
$1,499,000 - For sale
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. Can't 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 at $100/month. 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. Great opportunity to add to your portfolio! (id:2471)
Location DescriptionTURN RIGHT OFF WELLINGTON RD ONTO WOLFE ST.
- Property Address:303 WOLFE Street, London, Ontario, N6B2C4
- Property Type:Multi-family
- Acreage:under 1/2 acre
- Sewage Type:Municipal sewage system
- Water Type:Municipal water
- Structure Style:Triplex
- Floor Space:3500
- Heating Type:Natural gas, Forced air
- Basement Type:Partial (Unfinished)
- Cooling Type:Central air conditioning
- Exterior Type:Brick
- Amenities Nearby:Public Transit, Shopping
BAILE REALTY INC., BROKERAGE
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- Map 303 WOLFE Street, London, Ontario, N6B2C4
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303 WOLFE Street, London, Ontario, N6B2C4
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