Zarrin Joo
Broker
RE/MAX REALTRON REALTY INC., Brokerage
Independently owned and operated.
11685 Yonge St.#306, Richmond Hill, Ontario L4E0K7
Cell: 416-666-1137Office: 905-508-9500Fax: 905-508-9590
$1,700,000
Available - For Sale
Listing ID: X12494896
139 Godfrey Drive , London East, N5V 2E8, Middlesex
| Excellent Investment Opportunity! Purpose-built, all-brick 9-unit apartment building featuring 6 two-bedroom, 2 one-bedroom, and 1 bachelor unit. Fully rented with great tenants, offering stable cash flow and minimal vacancy risk. Prime location near Fanshawe College, Northland Mall, bus routes, and easy 401 access. Gross rental income is $141,291 with an NOI of $94,896. Attractive assumable financing available (approx. 2.69%, subject to lender approval - contact listing agent for details). Perfect for gradual rent increases through natural turnover and updates. Tenants pay rent + hydro. Features include new boiler, coin-op laundry, ample parking, and exterior paint/siding updated in 2022. |
| Price | $1,700,000 |
| Taxes: | $16777.55 |
| Tax Type: | Annual |
| Occupancy: | Tenant |
| Address: | 139 Godfrey Drive , London East, N5V 2E8, Middlesex |
| Postal Code: | N5V 2E8 |
| Province/State: | Middlesex |
| Directions/Cross Streets: | Highbury Ave N and Huron St |
| 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 |
| Category: | Apartment |
| Use: | Apts - 6 To 12 Units |
| Building Percentage: | T |
| Total Area: | 6000.00 |
| Total Area Code: | Square Feet |
| Washrooms: | 0 |
| Heat Type: | Gas Hot Water |
| Central Air Conditioning: | No |
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| THRIVE REALTY GROUP INC. |
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Zarrin Joo
Broker
Dir:
416-666-1137
Bus:
905-508-9500
Fax:
905-508-9590
| Book Showing | Email a Friend |
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At a Glance:
| Type: | Com - Investment |
| Area: | Middlesex |
| Municipality: | London East |
| Neighbourhood: | East D |
| Tax: | $16,777.55 |
| Fireplace: | N |
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