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670 Lorne Avenue

London, ON N5W 3K5
  • $585,000
  • STATUS: Active Under Contract
  • ON SITE: 86 Days
  • MLS #: 40345295
Under Contract
UPDATED: 185 min ago
$585,000
  • 5
    BEDS
  • < 0.5
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 1,837
    SQFT
  • $318
    $/SQFT
Neighbourhood:
Type:
Multi-Family
County:
Area:

Description

Amazing triplex in the heart of Old East Village with vacant possession of unit 3 (bachelor) and unit 2 (3 bed + den). This great investment opportunity offers tons of parking, fenced backyard, a detached garage, separate hydro/gas meters, separate entrances to each of the units and parking on two sides of the property. Other features include a newer roof, three owned hot water tanks and each of the units are separately metered for gas and hydro. Landlord only pays water! Unit 1 is a 2 bedroom and pays $1214.40 monthly and has its own washer and dryer. Unit 2 is a three bedroom + den that pays 1600 monthly and will be vacant as of February 28. Unit 3 is a bachelor that pays $809.60 monthly. None of the units are in a basement. Basement is accessed through unit 2. The landlord would be willing to rent the garage at $250/monthly, creating more income opportunities for the new buyer. This property is a great addition to your existing portfolio or for someone looking to purchase their first investment property. Virtual tours available. Don't wait; check out this amazing opportunity today!

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The data relating to real estate on this web site comes in part from the Internet Data Exchange (IDX) program of the Information Technology Systems Ontario. The information herein is believed to be accurate and timely, but no warranty as such is expressed or implied. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purposes or any other purpose. Data updated daily.

The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.

Data last updated: 2023-01-30T00:21:42.573.
www.bluemountainproperty.ca/homes/134535525
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670 Lorne Avenue London, ON N5W 3K5

  • Price: $585,000
  • Status: Active Under Contract
  • On Site: 86 Days
  • Updated: 185 min ago
  • MLS #: 40345295
5
Beds
0
Baths
0
½ Baths
< 0.5
Acres
1,837
SQFT
$318
$/SQFT
Neighbourhood:
East G
County:
Middlesex
Area:
East
Property Description
Amazing triplex in the heart of Old East Village with vacant possession of unit 3 (bachelor) and unit 2 (3 bed + den). This great investment opportunity offers tons of parking, fenced backyard, a detached garage, separate hydro/gas meters, separate entrances to each of the units and parking on two sides of the property. Other features include a newer roof, three owned hot water tanks and each of the units are separately metered for gas and hydro. Landlord only pays water! Unit 1 is a 2 bedroom and pays $1214.40 monthly and has its own washer and dryer. Unit 2 is a three bedroom + den that pays 1600 monthly and will be vacant as of February 28. Unit 3 is a bachelor that pays $809.60 monthly. None of the units are in a basement. Basement is accessed through unit 2. The landlord would be willing to rent the garage at $250/monthly, creating more income opportunities for the new buyer. This property is a great addition to your existing portfolio or for someone looking to purchase their first investment property. Virtual tours available. Don't wait; check out this amazing opportunity today!
Exterior Features

Acres Range < 0.5 Attached Garage YN No Attached YN No Construction Materials Vinyl Siding Covered Spaces 1 Docking YN No Driveway Parking Private Drive Single WidePrivate Drive Double Wide Foundation Details Brick/Mortar Frontage Length 55.00 Garage YN Yes Lot Features UrbanArts CentreBusiness CentreCity LotOpen SpacesParkPlace Of WorshipPlayground NearbyPublic ParkingPublic TransitSchool Bus RouteSchools Open Parking Spaces 6 Open Parking YN Yes Parking Features Detached Garage Parking Total 7 Property Attached Detached Roof Asphalt Shing Waterfront YN No Year Roof Replaced 2019

Interior Features

Above Grade Finished Area 1837 Appliances Water Heater OwnedHot Water Tank OwnedDishwasherDryerRefrigeratorStoveWasher Basement PartialUnfinished Bathrooms Total 4 Cooling Central Air Fireplace YN No Heating Natural Gas Heating YN Yes Interior Features Separate Hydro Meters Kitchens Total 0

Property Features

Assessment Year 2022 Association Fee2 Frequency Monthly Common Interest Freehold/None Exclusions Tenant Belongings Inclusions Hot Water Tank Owned Insurance Expense 1200 Laundry Features In-Suite Leases YN Yes Licensed Dwelling YN No Lot Depth 90 Net Income 34930.48 New Construction YN No Number Of Apartment Units 0 Property Sub Type Multi-3 Unit Remaining Terms Of Lease All Tenants Are Currently Month To Month. Rental Income Potential Yes Rented Equipment None Security Features Carbon Monoxide Detector(S)Smoke Detector(S) Sewer Sewer (Municipal) Transaction Type Sale Under Contract None Water Source Municipal-Metered Year Built Details Estimate Zoning R3-2

Listing information © 2023 Information Technology Systems Ontario.
Listing provided courtesy of Rob Hanson of Thrive Realty Group Inc..
The data relating to real estate on this web site comes in part from the Internet Data Exchange (IDX) program of the Information Technology Systems Ontario. The information herein is believed to be accurate and timely, but no warranty as such is expressed or implied. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purposes or any other purpose. Data updated daily.

The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.

Data last updated: 2023-01-30T00:21:42.573.
 
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