9,750 ft2
Other
$2,150,000
Well maintained 2.5 storey, 11 unit walk up apartment building in an established residential area close to downtown. Property Size: 0.25 acres. Official Plan: Multi-family, High Density Residential; Open Space. Development potential. Building consists of 11 - 1 bedroom, 1 bathroom units, all of similar size and layout. 8 units have been renovated and feature a dishwasher. There are 3 apartments on the lower level along with the laundry room and tenant storage and 4 units on each of the upper floors. 12 on site surface parking spots. Coin operated laundry on site, with 2 owned washers and dryers. Individual tenant storage lockers in the basement. Separate hydro meters. Current NOI: $120,842.64, Projected NOI: $157,005.00. Roof (TPO) replaced 2 years ago. 2 Boilers with storage tanks for domestic hot water replaced approximately 10 years ago. Close proximity to the downtown core, the Thames River, walking trails and public transit. Zoning: R10-3*H30. (id:50976)
Business
|
Business Type
|
Residential |
|
Business Sub Type
|
Apartments |
Property Details
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MLS® Number
|
X12377866 |
|
Property Type
|
Multi-family |
|
Community Name
|
East F |
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Amenities Near By
|
Public Transit |
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Parking Space Total
|
12 |
Building
|
Age
|
51 To 99 Years |
|
Heating Fuel
|
Natural Gas |
|
Heating Type
|
Other |
|
Size Interior
|
9,750 Ft2 |
|
Type
|
Multi-family |
|
Utility Water
|
Municipal Water |
Land
|
Acreage
|
No |
|
Land Amenities
|
Public Transit |
|
Size Depth
|
150 Ft ,8 In |
|
Size Frontage
|
62 Ft ,1 In |
|
Size Irregular
|
0.262 |
|
Size Total
|
0.262 Ac |
|
Size Total Text
|
0.262 Ac |
|
Zoning Description
|
R10-3*h30 |
https://www.realtor.ca/real-estate/28806558/575-ridout-street-n-london-east-east-f-east-f
