ON
London East (East F)
N6A2R2
575 Ridout N Street
575 Ridout N Street, London East (East F), ON N6A2R2
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Listing Type
Multi Family
Listing Status
active
13
$2,150,000

Home Details for 575 Ridout N Street

Price
$2,150,000
Type
Residential Income
Bedrooms
0
Bathrooms
Square feet
NaN
Lot size acres
0.262
Parking
Days on site
20
Listing #
X12377866
Property Description

Well maintained 2.5 storey, 11 unit walk up apartment building in an established residential area close to downtown. Property Size: 0.25 acres. Official Plan: Multi-family, High Density Residential; Open Space. Development potential. Building consists of 11 - 1 bedroom, 1 bathroom units, all of similar size and layout. 8 units have been renovated and feature a dishwasher. There are 3 apartments on the lower level along with the laundry room and tenant storage and 4 units on each of the upper floors. 12 on site surface parking spots. Coin operated laundry on site, with 2 owned washers and dryers. Individual tenant storage lockers in the basement. Separate hydro meters. Current NOI: $120,842.64, Projected NOI: $157,005.00. Roof (TPO) replaced 2020. 2 Boilers with storage tanks for domestic hot water replaced approximately 10 years ago. Close proximity to the downtown core, the Thames River, walking trails and public transit. Zoning: R10-3*H30. (id:31684)

Property Features
  • Heating Information
    • Natural Gas
    • Other
Listing Courtesy: A TEAM LONDON
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