29
See all 29 photos
$589,900
Est. payment /mo
3 Beds
4 Baths
New
382 Wharncliffe RD S London, ON N6J 2M1
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Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1100-1500
Subdivision South F
MLS Listing ID X12159652
Style Bungalow
Bedrooms 3
Building Age 51-99
Annual Tax Amount $2,297
Tax Year 2024
Property Sub-Type Fourplex
Property Description
Amazing Investment Opportunity! This fourplex has over 7.5% Cap Rate bringing over $56,000 in rental income a year. All four units are rented at market rents with reliable, A+ tenants. This property boasts a generous 169-foot deep lot providing parking for all units. Coin- op laundry for additional income. Many recent updates have been done to the property including metal roof, eaves, soffits, most windows, siding, A/C (2020-2021). Units have been fully renovated with modern updates (2020/2021). Conveniently located near bus routes, schools, downtown, and many amenities.
Location
Province ON
County Middlesex
Community South F
Area Middlesex
Rooms
Family Room No
Basement Separate Entrance, Walk-Up
Kitchen 4
Interior
Interior Features Water Heater Owned
Cooling Central Air
Fireplace No
Heat Source Gas
Exterior
Parking Features Available
Pool None
Roof Type Metal
Lot Frontage 31.62
Lot Depth 169.06
Total Parking Spaces 4
Building
Unit Features Public Transit,Library,School
Foundation Concrete Block
Listed by ROYAL LEPAGE TRILAND REALTY