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$ 649,900
Est. payment | /mo
6 Beds
4 Baths
2,500 SqFt
$ 649,900
Est. payment | /mo
6 Beds
4 Baths
2,500 SqFt
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Approx. Sqft 2500 - 3000
Square Footage 2,500 sqft
Price per Sqft $259
Subdivision East O
MLS® Listing ID X13731914
Bedrooms 6
Property Description
$4,804/month in current rent, two substantially updated units, a City of London rental licence, separate hydro, and a 40 x 415 ft lot. 153 Hale Street delivers income from day one, with a property profile that gives investors plenty to consider for the future. Zoned R1-6, this tenanted duplex features two self-contained units, each with in-unit laundry and access to its own half of the detached garage. The front unit offers two bedrooms upstairs plus a third main-floor bedroom, along with a partially finished basement offering plenty of additional space. The rear unit has two upper-level bedrooms, a main-floor den or office, and generous basement space. Both units have been extensively updated, including newer kitchens and bathrooms. For buyers looking to maximize the property over time, the additional basement spaces are well worth considering for expanded living or other uses. Then there's the lot. At 40 x 415 ft, its exceptional depth adds another dimension to the investment. Even more interesting, the neighbouring property, which has a similarly deep lot, is currently also available for sale. For investors or developers taking a longer-term view, the combination presents an interesting opportunity to explore future redevelopment potential. Both units are currently tenanted with total current rent of $4,804 per month as of September 1. Collect the income today while you investigate what this property could offer tomorrow. (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating Forced air
Cooling Central air conditioning
Exterior
Parking Features Yes
Fence Fenced yard
View Y/N No
Attached Garage No
Total Parking Spaces 7
Garage Yes
Private Pool No
Building
Story 1.5
Sewer Sanitary sewer
Listed by REAL BROKER ONTARIO LTD
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Kim Avery
Agent
67 Valley Ridge Green NW. Calgary, AB. T3B 5L5, Calgary, Alberta T3B 5L5, CAN