$859,900

About this listing

Purpose-Built All Brick City Licensed Duplex in Premium Location. Exceptional investment opportunity in a sought-after location close to Western University and the downtown core. Situated on a generous 45' x 143' deeplot, this purpose-built all-brick duplex offers strong income and long-term upside. Currently generating a cap rate of approximately , 7.7 % (see income and expense details in the document section), this property is ideal for investors looking to expand their portfolio or set their own rents with future tenant placement opportunities The upper unit features 3 bedrooms. The main level offers 3 bedrooms, and the lower level includes 2 bedrooms with a separate entrance. The main and lower levels are currently configured and used together as a 5-bedroom unit. Common laundry is located in the lower level for tenant convenience. Additional highlights include a double car garage plus 3 additional parking spaces, roof replaced in 2021, owned water heater (2016), and furnace (2016). Located in the desirable Blackfriars neighbourhood, just steps to Harris Park and the scenic Thames River, this property offers excellent lifestyle appeal with access to trails, green space, transit, schools, and downtown amenities. A rare opportunity to secure a solid, purpose-built investment proper in one of London's most desirable rental corridors. It was rented up till beginning of May for $82,200.00. It is in the process of being rented again. It has just been going thru minor renovations and sprucing up. Can be purchased along with 47 rogers ave,196 Emery st. E, AND 230 Emery st. E.