Wonderful opportunity for investors, multi-generational families and those looking for a mortgage helper in Byron, one of London's most coveted neighborhoods. The cap rate for the property is well above 7%. The main unit would rent between $3,000-$3,500/month based on recent comparables. Two one bedroom units in the basement are currently generating $2,480/month total in rent. Upstairs unit is a 4 bedroom, 3 bathroom home with generous sized rooms, breathtaking cathedral ceilings, built in appliances, a gourmet over-sized chefs fridge, brick fireplace, skylights, custom counter-tops, a gorgeous deck and more. The massive 2 car garage, ample storage throughout the home as well as extra space downstairs in the mechanical room add even more storage for the main unit. This amazing property is merely steps away from Boler Mountain, with the ski lift visible as you come around the bend to pull into home. Close-by parks like Scenic View and Grand View provide all sorts of activities for the outdoor and nature lover in you. With great neighborhood appeal to renters and very few options, this property rents easily and the basement residential units are currently rented below market value. Check out the pictures, take a 3D virtual tour and book your showing today. (id:4069)
Address
635 GRAND VIEW AVENUE
List Price
$899,900
Property Type
Multi-family
Type of Dwelling
Triplex
Area
Ontario
Sub-Area
London
Bedrooms
6
Bathrooms
5
Floor Area
2,500 Sq. Ft.
Lot Size
52 x 118 FT Sq. Ft.
MLS® Number
X12048100
Listing Brokerage
KELLER WILLIAMS LIFESTYLES
Basement Area
N/A
Postal Code
N6K3G1
Zoning
R1-6
Site Influences
Park, Schools, Ski area
Features
Wooded area, Sloping, Lighting, Sump Pump, In-Law Suite
Amenities
Fireplace(s)
Open Houses
- April 06, 12:00 PM - 3:00 PM