+17 more
8
Bedrooms
4
Bathrooms
3,000 sqft
Living Area
8
Parking
About This Property
This 8-bedroom, 4-bathroom multi-family in London South offers 3,000 sqft of living area. The property has lot dimensions of 53.7 x 249.9 FT. The home features heat pump, electric heating, wall unit, a partially finished, full basement. Highlights include a 8-car garage.
MLS Remarks
Purpose-built four-plex that has been comprehensively renovated with major capital systems addressed, including updated electrical and plumbing throughout, new windows, modern kitchens and bathrooms, full basement waterproofing in all four units, rebuilt walkways, and new paving-stone patios. Each unit currently offers two main-floor bedrooms and a full basement that has already been professionally roughed in for two additional bedrooms, a bathroom, and a family room. Basement completion is estimated at under $100,000 total and presents a clear value-add opportunity, with projected rental upside of approximately $740 per month per unit. Three units are currently leased at $1,800 per month plus utilities on a month to month basis with the understanding that the new owners may want vacant possession to finish the basements. At full occupancy at current rents, annual gross income is projected at $91,200. Upon basement completion, projected net operating income increases to approximately $109,154, resulting in an estimated 6.5% cap rate. (id:60351)
Property History
MLS# X12703186| Date | Event | MLS# | Price | Change |
|---|---|---|---|---|
| — | Price Changed | X12703186 | $1,469,000 | -7.0% |
| Jan 16, 2026 | Listed For Sale | X12703186 | $1,579,000 | — |
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Overview
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