Situated east of the downtown core in the vibrant ""Old East"" neighborhood, this 4-plex presents an exceptional opportunity to expand your investment portfolio. Built in 2021, this newer construction property offers modern amenities and attractive features designed to appeal to both tenants and investors. No expense was spared in this development, entire building is spray foam insulated for optimal energy efficiency. Concreate driveway for long term durability, heritage wood windows in front and initial side, & fiberglass for remainder. High-pitched roof not only enhances the building's architectural appeal but also offers practical benefits in terms of interior space (9 ft ceilings) and weather resistance. The main floor consists of two 2-bedroom, 2-bathroom units, while upstairs has two 3-bedroom, 1-bathroom units. Each unit is tastefully finished with vinyl plank flooring and quartz countertops, energy-efficient appliances and its their own washer and dryer, ensuring convenience for all tenants. Ample parking for up to 5 vehicles at the rear of the property provides convenient off-street parking for tenants as well. Ideally located within walking distance to amenities, including a park across the street. This property is a prime addition to any investment portfolio, offering attractive rental returns with all units currently occupied by A++ tenants. Newer building constructed after 2019, which means no rental cap restrictions and potential for excellent rental income. A true 5.85% cap rate for a new construction built to the nine's. Get ahead of the interest rate cycle before the cap rates go back down to 4-4.5%! (id:55598)
- MLS® X9012717
- Date Listed07/03/2024
- Days on Realty 12 Days
- Bedrooms 9
- Bathrooms 1 Half baths
- Lot Size -
- Sewer Other
- Subdivision East G
- Property Type Other
- Water Public
Interior Features
- Appliances Dishwasher, Dryer, Refrigerator, Stove, Washer
- Cooling Central Air Conditioning
- Heating Forced Air, Natural Gas
Exterior / Lot Features
- Roof -
- Lot Size Acres -
- Lot Size SQFT -
- Lot Features -
Nearby Schools
Source: School Digger
Sales & Tax History
Source: Public Records
94/100
Walker's Paradise
Walk Score ®
58/100
Good Transit
Transit Score ®
75/100
Very Bikeable
Bike Score ®
Overview
Daily errands do not require a car. Many nearby public transportation options. Biking is convenient for most trips.Transit Summary
18 nearby routes: 17 bus, 1 rail, 0 other
Walkability averages in the surrounding area
The average walkability score in the surrounding area is Walk Score: 56/100, Transit Score: 48/100, Bike Score: 59/100.
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Frequently Asked Questions for 504 ENGLISH STREET
Source: Realty.com
504 ENGLISH STREET, London, ON N5W3T8 is a Other, Residential Income property listed for $1,500,000 The property is 0 sq. ft with 9 bedrooms and 6 bathrooms
Realty.com has 36 photos of 504 ENGLISH STREET.
The full address for this home is 504 ENGLISH STREET, London, ON N5W3T8.
504 ENGLISH STREET has been listed on Realty.com since Wed July 03, 2024
Daily errands do not require a car. Many nearby public transportation options. Biking is convenient for most trips.
The average walkability score in the surrounding area is Walk Score: 56/100, Transit Score: 48/100, Bike Score: 59/100.
Listing provided courtesy of:
MAVERICK REAL ESTATE INC.
(tel: (519) 488-5470)
Listing agent:
NEERAYA PREMALINGAM
(tel: (519) 488-5470)
This content last refreshed on 2024-07-15 12:05:08. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Export listing data of 504 ENGLISH STREET, London, ON N5W3T8 : MLS® X9012717