222-224 Broughdale Avenue, London, Ontario N6A 2K9 (23984727)


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222-224 Broughdale Avenue London, Ontario N6A 2K9

11 Bedroom 4 Bathroom 3600
None Hot Water Radiator Heat

$1,699,900

Attention investors. Great Investment opportunity. Prime location walking distance to UWO. TURNKEY licensed duplex that has been renovated top to bottom with future development potential. Main floor 6 bedroom, upper unit is 5 bedroom. Tenants for both units leased until April 30th 2023. Rental income. ($3450.00 and $2360.00). Licensed for 11 bedrooms but only 9 are rented in the 2 units. Potential for annual gross income of $85,000 using average of $645 per room. Potential Cap rate of 4.2% Rents include heat. Tenants pay electricity and water. Renovations include all windows, aluminum soffit, fascia and eaves troughs, all wiring throughout 2 meters, 2 electrical panels with 100 amp service, all plumbing throughout. One boiler with 3 heating zones and three thermostats, 2 Kitchens, 4 bathrooms and all flooring either refinished or renovated. Decorated and painted throughout. Parking for 8+ vehicles. Opportunity for development potential is in the basement level and also the high and open attic space that is already roughed in for plumbing and electrical. Property comes with rental license. Showings will be Tuesday, Thursdays and Saturday 1-4 pm. with 24 hrs notice and comply to Covid19 showing protocol (id:29438)

Property Details

MLS® Number 40201937
Property Type Multi-family
Amenities Near By Shopping
Features Southern Exposure, Paved Driveway
Parking Space Total 10

Building

Bathroom Total 4
Bedrooms Total 11
Basement Development Finished
Basement Type Full (finished)
Construction Style Attachment Detached
Cooling Type None
Exterior Finish Brick
Fire Protection Smoke Detectors
Heating Fuel Natural Gas
Heating Type Hot Water Radiator Heat
Stories Total 2
Size Interior 3600
Type Duplex
Utility Water Municipal Water

Land

Access Type Road Access
Acreage No
Land Amenities Shopping
Sewer Municipal Sewage System
Size Depth 141 Ft
Size Frontage 60 Ft
Size Total Text Under 1/2 Acre
Zoning Description R1-6(1)

https://www.realtor.ca/real-estate/23984727/222-224-broughdale-avenue-london

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