Have you wanted an income property in London, Ontario, that combined with the right ingredients of your personal touch? This tri-plex will be one of the best investments you will ever make.
This would also be an ideal home for multi-generation families and earn some income!
This legal purpose-built brick property has two three-bedroom units and one one-bedroom apartment with separate metres, and all share the laundry in the basement. The two three-bedroom apartments are occupied by long-term tenants who wish to stay and are month to month, paying $1050 monthly all-inclusive. Considerably less than current market rents, the one-bedroom was owner-occupied and is now vacant; the projected income for the lower one-bedroom is a minimum of $850.00.
There is parking galore, a large fenced backyard and a shared driveway. The expenses for 2021 were $12,841, not including mortgage principal & interest; income from the two rental units was $25,200. Be creative and proactive; you should be able to generate $40,000 plus annually!
Did I mention the location? Google it; what better location in London for a rental property? Limited times are available for viewings; have your Realtor book a time now!