222-224 Broughdale Avenue London, Ontario N6A 2K9
$1,699,900
Attention investors. Great Investment opportunity. Prime location walking distance to UWO. TURNKEY licensed duplex that has been renovated top to bottom with future development potential. Main floor 6 bedroom, upper unit is 5 bedroom. Tenants for both units leased until April 30th 2023. Rental income. ($3450.00 and $2360.00). Licensed for 11 bedrooms but only 9 are rented in the 2 units. Potential for annual gross income of $85,000 using average of $645 per room. Potential Cap rate of 4.2% Rents include heat. Tenants pay electricity and water. Renovations include all windows, aluminum soffit, fascia and eaves troughs, all wiring throughout 2 meters, 2 electrical panels with 100 amp service, all plumbing throughout. One boiler with 3 heating zones and three thermostats, 2 Kitchens, 4 bathrooms and all flooring either refinished or renovated. Decorated and painted throughout. Parking for 8+ vehicles. Opportunity for development potential is in the basement level and also the high and open attic space that is already roughed in for plumbing and electrical. Property comes with rental license. Showings will be Tuesday, Thursdays and Saturday 1-4 pm. with 24 hrs notice and comply to Covid19 showing protocol (id:47323)
Property Details
| MLS® Number | 40201937 |
| Property Type | Multi-family |
| Amenities Near By | Shopping |
| Features | Southern Exposure, Paved Driveway |
| Parking Space Total | 10 |
Building
| Bathroom Total | 4 |
| Bedrooms Total | 11 |
| Basement Development | Finished |
| Basement Type | Full (finished) |
| Construction Style Attachment | Detached |
| Cooling Type | None |
| Exterior Finish | Brick |
| Fire Protection | Smoke Detectors |
| Heating Fuel | Natural Gas |
| Heating Type | Hot Water Radiator Heat |
| Stories Total | 2 |
| Size Interior | 3600 |
| Type | Duplex |
| Utility Water | Municipal Water |
Land
| Access Type | Road Access |
| Acreage | No |
| Land Amenities | Shopping |
| Sewer | Municipal Sewage System |
| Size Depth | 141 Ft |
| Size Frontage | 60 Ft |
| Size Total Text | Under 1/2 Acre |
| Zoning Description | R1-6(1) |
https://www.realtor.ca/real-estate/23984727/222-224-broughdale-avenue-london
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January 31 2022 12:58:59
London and St. Thomas Association of REALTORS®
Century 21 First Canadian Corp., Brokerage