Edin Taravati
Sales Representative
Homelife Landmark Realty Inc, Brokerage
Independently owned and operated.
7240 Woodbine, Markham, Ontario L3R 1A4
Cell: 647-233-7778Office: 905-305-1600
$3,750,000
Available - For Sale
Listing ID: X8481578
625-627 Third St South , London, N5V 2C1, Ontario
| 8 unit 56 Bed student rental steps to Fanshawe College. Built in 1996. $69,642/Bed. Buildings in excellent condition. Gross Income $415,584. Aprox. 8.0% cap rate. Hydro paid by owner. Clean environmental 2014. With the infux of students coming to Ontario the properties rent roll will continue to grow. Current owners sign 1 year lease with each student. Coin operated Laundry in each suite. |
| Price | $3,750,000 |
| Taxes: | $21728.00 |
| Tax Type: | Annual |
| Occupancy by: | Tenant |
| Address: | 625-627 Third St South , London, N5V 2C1, Ontario |
| Postal Code: | N5V 2C1 |
| Province/State: | Ontario |
| Lot Size: | 60.00 x 150.00 (Feet) |
| Directions/Cross Streets: | Third And Oxford |
| Category: | Apartment |
| Use: | Apts-6 To 12 Units |
| Building Percentage: | Y |
| Total Area: | 24600.00 |
| Total Area Code: | Sq Ft |
| Taxes Expense: | $21728 |
| Insurance Expense: | $14924 |
| Heat Expenses: | $6989 |
| Other Expenses: | $44761 |
| Year Expenses: | 2024 |
| Expenses Actual/Estimated: | $Est |
| Washrooms: | 16 |
| Heat Type: | Gas Forced Air Open |
| Central Air Conditioning: | N |
| Water: | Municipal |
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| MYSAK REALTY INC. |
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Edin Taravati
Sales Representative
Dir:
647-233-7778
Bus:
905-305-1600
| Book Showing | Email a Friend |
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At a Glance:
| Type: | Com - Investment |
| Area: | Middlesex |
| Municipality: | London |
| Lot Size: | 60.00 x 150.00(Feet) |
| Tax: | $21,728 |
| Baths: | 16 |
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