917 Hamilton Road, London, Ontario N5Z 1W3 (24995425)
917 Hamilton Road London, Ontario N5Z 1W3
$3,900,000
Prime 20-unit apartment building available for sale in London ON. This property offers a desirable unit mix consisting of 7 2-bedroom, 12 1-bedroom, and one bachelor unit. According to 2021 census data, London has become Ontario’s fastest growing city. Rising interest rates have slowed the residential resale market, but only further fuelled red hot demand in the rental market. A survey of nearby rental listings shows, relative to the current rent roll, estimated 81% upside to market rents. The property is strategically located near the intersection of Highbury Road and Hamilton Road offering direct access to transit to/from Fanshawe College and downtown. With functional unit layouts, solid construction, and a convenient location these building checks all the boxes for the ideal long term investment. (id:53015)
Property Details
| MLS® Number | 40339680 |
| Property Type | Multi-family |
| Amenities Near By | Playground, Schools, Shopping |
| Features | Corner Site, Laundry- Coin Operated |
| Parking Space Total | 8 |
Building
| Basement Type | None |
| Constructed Date | 1956 |
| Construction Material | Concrete Block, Concrete Walls |
| Construction Style Attachment | Semi-detached |
| Cooling Type | None |
| Exterior Finish | Brick, Concrete, Steel |
| Fire Protection | None |
| Foundation Type | Block |
| Heating Type | Hot Water Radiator Heat |
| Stories Total | 3 |
| Size Interior | 15000 |
| Utility Water | Municipal Water |
Land
| Access Type | Highway Access, Highway Nearby |
| Acreage | No |
| Land Amenities | Playground, Schools, Shopping |
| Sewer | Municipal Sewage System |
| Size Frontage | 88 Ft |
| Size Total Text | Under 1/2 Acre |
| Zoning Description | Rbdc (35) H13 |
https://www.realtor.ca/real-estate/24995425/917-hamilton-road-london
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Jamie Dodds
Salesperson
https://www.linkedin.com/in/jamie-dodds-300a9b42/
302-200 Villagewalk Boulevard
London, Ontario N5X 0A6
Brandon Olsen
Salesperson
302-200 Villagewalk Boulevard
London, Ontario N5X 0A6
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March 06 2023 03:46:24
London and St. Thomas Association of REALTORS®
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Nicole Bartlett, Sales Representative, Coldwell Banker Star Real Estate, Brokerage
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