312 Piccadilly ST new Save Request In-Person Tour Request Virtual Tour
London East,ON N6A 1S5
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1500-2000
Subdivision East F
MLS Listing ID X12332256
Style 2 1/2 Storey
Bedrooms 6
Building Age 51-99
Annual Tax Amount $7,393
Tax Year 2024
Property Sub-Type Fourplex
Property Description
First time offered in 42 Years. 312 Piccadilly sits on a quiet North London Street. The present owner has resided in the solid income property for 42 years and allowed him to derive a superior cash flow from the apartments that are large. 312 Offers 4 units, 3 Two Bedroom Units, and 1 one bedroom unit. Unit 3 Upper unit where the owner resides, has an impressive Loft that was custom built. It overlooks the living large area with Projected income of $2650.00 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. Presently rented Month to Month at $820,00. Projected income for this unit would be $2300.00 or $27,600 Yearly. Unit 3, 1 Bedroom Vacant projected income $1600.00 monthly or $19,200 Yearly, Unit 3 Vacant projected Income $2000.00 or $24,000 Yearly. Total projected income $102,00,00. This projection is based on upgrading the units as they come vacant. The area that this building sits in close to University of Western Ontario, Saint Joesphs Hospital, Easy access to Fanshawe College, Walk to Richmond Row the famous Ceeps, Joe Kools, grovery store, lots of bike paths, parks. This is a perfect location. Parents why buy a house your children to live in when you can buy an apartment building that will creat a lasting income a pefect keep for them as years pass on after they graduate this building will appreceiate 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 Electric heat. Apt Tenant pays Hydro. Owner pays water for the building. Hours notice, See Floorplans. Sold as is condition.
Location
Province ON
County Middlesex
Community East F
Area Middlesex
Rooms
Family Room No
Basement Separate Entrance,Unfinished
Kitchen 4
Interior
Interior Features Separate Hydro Meter
Cooling Wall Unit(s)
Fireplace No
Heat Source Electric
Exterior
Exterior Feature Deck,Landscaped,Patio,Porch
Parking Features Available,Lane
Pool None
Roof Type Asphalt Shingle,Shingles
Lot Frontage 30.89
Lot Depth 138.04
Total Parking Spaces 6
Building
Unit Features Hospital,Library,Park,Place Of Worship,Public Transit,School
Foundation Block,Concrete