$875,000
Available - For Sale
Listing ID: X12422300
312 Piccadilly Street , London East, N6A 1S6, Middlesex
| First time offered in 42 Years! 312 Piccadilly sits on a quiet North London Street. The present owner has resided in this solid income property for 42 years and allowed him to derive a superior cash flow from the large apartments. 312 Piccadilly offers 4 units: Three 2 Bedroom Units and One 1 bedroom unit. Unit 3, the Upper unit where the owner resides, has an impressive Loft that was custom built. It overlooks the large living area with Projected income of $2650 monthly or $31,800 Yearly. Unit 2 Lower has a nice porch to sit on and enjoy the street scape, two bedrooms, hardwood floor, large principal rooms- ideal for an owner occupied unit. It is presently rented Month to Month at $820.00. Projected income for this unit would be $2300.00 monthly or $27,600 Yearly. Unit 3 is a 1 bedroom Vacant unit with projected income $1600.00 monthly or $19,200 Yearly. Unit 4 is a Vacant unit with projected income $2000.00 monthly or $24,000 Yearly. Total projected income $102,000. This projection is based on upgrading the units as they come vacant. This building sits in an area close to University of Western Ontario, Saint Joesphs Hospital, with easy access to Fanshawe College, a short walk to Richmond Row with the famous Ceeps & Joe Kools, a grocery store, and lots of bike paths and parks nearby. This is a perfect location. Parents, why buy a house your children can live in when you can buy an apartment building that will create a lasting income? Perfect to keep for them as the years pass on after they graduate, this building will appreciate- a true good long term investment. Owner will consider holding a First Mortgage with an appropriate down payment. Please note Apt tenant pays Heat. Apt Tenant pays Hydro. Apt 3 Owner occupied pays electric heat. Apt Tenant pays Hydro. Owner pays water for the building. Hours notice, See Floor Plans. Sold in as in condition. |
| Price | $875,000 |
| Taxes: | $7393.69 |
| Tax Type: | Annual |
| Monthly Condo Fee: | $0 |
| Occupancy: | Owner+T |
| Address: | 312 Piccadilly Street , London East, N6A 1S6, Middlesex |
| Postal Code: | N6A 1S6 |
| Province/State: | Middlesex |
| Legal Description: | PART OF LOT 17 PLAN 211(E) DESIGNATED AS |
| Directions/Cross Streets: | Piccadilly & Waterloo |
| 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 | |
| Washroom Type 11 | 0 | |
| Washroom Type 12 | 0 | |
| Washroom Type 13 | 0 | |
| Washroom Type 14 | 0 | |
| Washroom Type 15 | 0 | |
| Washroom Type 16 | 0 | |
| Washroom Type 17 | 0 | |
| Washroom Type 18 | 0 | |
| Washroom Type 19 | 0 | |
| Washroom Type 20 | 0 | |
| Washroom Type 21 | 0 | |
| Washroom Type 22 | 0 | |
| Washroom Type 23 | 0 | |
| Washroom Type 24 | 0 | |
| Washroom Type 25 | 0 |
| Category: | Apartment |
| Use: | Apts - 2 To 5 Units |
| Building Percentage: | T |
| Total Area: | 1800.00 |
| Total Area Code: | Square Feet |
| Financial Statement: | F |
| Chattels: | F |
| Franchise: | F |
| Expenses Actual/Estimated: | $Est |
| Sprinklers: | No |
| Washrooms: | 0 |
| Rail: | N |
| Heat Type: | Gas Forced Air Open |
| Central Air Conditioning: | No |
| Sewers: | Sanitary+Storm |
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| NU-VISTA PREMIERE REALTY INC. |
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At a Glance:
| Type: | Com - Investment |
| Area: | Middlesex |
| Municipality: | London East |
| Neighbourhood: | East F |
| Tax: | $7,393.69 |
| Fireplace: | N |
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