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What an amazing location! Very rare offering of what could be a Legal 4-plex. Tons of upgrades have been done including the electrical throughout and a new front door with key pad access. 3 of the 4 units have been renovated with brand new kitchens including all new stainless steel appliances. New laundry was also added to those units. Each unit is separately metered and tenants pay their own hydro. The total rent is $6,525/month,Unit 1 - 3 Bed $2,350 (Vacant Nov 1),Unit 2 - 2 Bed $1,650 (Vacant Nov 1),Unit 3 - 1 Bed $525 ( opportunity to increase rents),Unit 4 - 2 Bed $2,000. Each unit is heated by baseboard heat and cooled by window A/C units and the expense is paid for by the tenants. This building is steps downtown,Richmond Row,Victoria Park with easy access to Western University and St. Joesph's Hospital. NOI is $69,137 and is priced at a 5% Cap Rate. (id:24093)
Listed by RACHAEL POLAKOVIC and STUART DALY of THE AGENCY REAL ESTATE

Property Details of 353 Central Avenue

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"Based on information submitted to CREA as of December 3, 2021 . All data is obtained from various sources and has not been, and will not be, verified by broker or CREA.  All information should be independently reviewed and verified for accuracy.  Properties may or may not be listed by the office/agent presenting the information. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing."

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