$819,900

273 Thompson Road

London ON, N5Z 2Z3

Description

Attention investors. Fully renovated, licenced 9 bedroom lodging house. 7 one bedroom units with shared kitchen and 1 two bedroom unit with its own kitchen. Currently fully leased. Roof 2018/2021, HVAC 2019, wiring 2019, plumbing 2019, coin operated laundry 2020. Large lot with possibility to split and/or add a separate structure. Current cap rate of 7.8%, projected (market rent) 9.7%

Details

MLS#40064960
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1984
Days On Site60

Features

SQ Feet1,950
Units8
Building(s)1
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Area Information
ProvinceON
CountyMiddlesex
CityLondon
Postal CodeN5Z 2Z3
AreaEast
Listing VS Median (in N5Z 2Z3)
Price:
$819,900
low | high
Med:
$819,900
50% of Average
SqFt:
1,950
low | high
Med:
1,950
50% of Average
$ / SqFt:
$420
low | high
Med:
$420
50% of Average
On Site:
60
low | high
Med:
60
100% of Average
Sourced by Back At You
Listing Updated: April 10, 2021 8:00:42 PM PDT
KEVIN BENOIT LogoMLS Number: 40064960
Listing Provided By:
KEVIN BENOIT  of  ROYAL LEPAGE TRILAND REALTY
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