$1,525,000
Available - For Sale
Listing ID: X12494880
153 Godfrey Drive , London East, N5V 2E8, Middlesex
| Excellent Investment Opportunity! Purpose-built, all-brick 9-unit apartment building featuring 8 one-bedroom units and 1 bachelor unit. Fully rented with reliable tenants, offering stable cash flow and minimal vacancy risk. Prime location near Fanshawe College, Northland Mall, bus routes, and easy 401 access. Gross rental income is $133,755 and an NOI of $95,570. Ideal for gradual rent increases through natural turnover and updates. Tenants pay rent + hydro. Features include new boiler, new roof, new parking lot, coin-op laundry, ample parking, and exterior paint/siding updated in 2022. |
| Price | $1,525,000 |
| Taxes: | $11874.00 |
| Tax Type: | Annual |
| Occupancy: | Tenant |
| Address: | 153 Godfrey Drive , London East, N5V 2E8, Middlesex |
| Postal Code: | N5V 2E8 |
| Province/State: | Middlesex |
| Legal Description: | PART BLOCK D RP872 AS IN 586533; SUBJECT |
| Directions/Cross Streets: | Highbury Ave N and Huron St |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 | |
| Washroom Type 6 | 0 | |
| Washroom Type 7 | 0 | |
| Washroom Type 8 | 0 | |
| Washroom Type 9 | 0 | |
| Washroom Type 10 | 0 |
| Category: | Apartment |
| Use: | Apts - 6 To 12 Units |
| Building Percentage: | T |
| Total Area: | 5000.00 |
| Total Area Code: | Square Feet |
| Washrooms: | 0 |
| Heat Type: | Gas Hot Water |
| Central Air Conditioning: | No |
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| THRIVE REALTY GROUP INC. |
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Dir:
416-888-0505
Bus:
1-888-884-0105
Fax:
1-888-884-0106
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At a Glance:
| Type: | Com - Investment |
| Area: | Middlesex |
| Municipality: | London East |
| Neighbourhood: | East D |
| Tax: | $11,874 |
| Fireplace: | N |
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