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$3,750,000
Available - For Sale
Listing ID: X8481578
8 unit 56 Bed student rental steps to Fanshawe College. Built in 1996. $69,642/Bed. Buildings in excellent condition. Gross Income $415,584. Aprox. 8.0% cap rate. Hydro paid by owner. Clean environmental 2014. With the infux of students coming to Ontario the properties rent roll will continue to grow. Current owners sign 1 year lease with each student. Coin operated Laundry in each suite.
Price $3,750,000
Taxes: $21,728
Tax Type: Annual
Occupancy by: Tenant
Address: 625-627 Third St South , London, N5V 2C1, Ontario
Postal Code: N5V 2C1
Province/State: Ontario
Lot Size: 60 x 150 (Feet)
Directions/Cross Streets: Third And Oxford
Zoning: R3-2, R8-4
Category: Apartment
Use: Apts-6 To 12 Units
Building Percentage: Y
Total Area: 24,600
Total Area Code:  Sq Ft
Taxes Expense: $21728
Insurance Expense: $14924
 Heat Expenses: $6989
Other Expenses: $44761
Year Expenses: 2024
Expenses Actual/Estimated: $Est
Heat Type: Gas Forced Air Open
Central Air Conditioning: N
Water: Municipal
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Asking Price: $ Heating: $ /Year  
Interest Rate: % Condo Fee: $ /Year
Taxes:   $ /Year Other Debt: $ /Year  
Amortization:     Years GDS: %
    TDS: %
Percent Down:
Down Payment $ $ $ $
First Mortgage $ $ $ $
CMHC/GE $ $ $ $
Total Financing $ $ $ $
Monthly P&I $ $ $ $
Expenses $ $ $ $
Total Payment $ $ $ $
Income Required $ $ $ $

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Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
MYSAK REALTY INC.

625-627 Third St South , London, N5V 2C1, Ontario


 
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At a Glance:
Type: Com - Investment
Area: Middlesex
Municipality: London
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Lot Size: 60.00 x 150.00(Feet)
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Tax: $21,728
Maintenance Fee: $0
Beds:
Baths: 16
Garage: 0
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