Mel Vetero
Direct: 519-872-1319
Office: 519-667-1800

504 ENGLISH STREET, London, Ontario, N5W3T8

Favourite
For sale, ID#: X9012717
504 ENGLISH STREET
London Ontario
Share this Property
9 Beds
4 Bath
$1,500,000

Situated east of the downtown core in the vibrant ""Old East"" neighborhood, this 4-plex presents an exceptional opportunity to expand your investment portfolio. Built in 2021, this newer construction property offers modern amenities and attractive features designed to appeal to both tenants and investors. No expense was spared in this development, entire building is spray foam insulated for optimal energy efficiency. Concreate driveway for long term durability, heritage wood windows in front and initial side, & fiberglass for remainder. High-pitched roof not only enhances the building's architectural appeal but also offers practical benefits in terms of interior space (9 ft ceilings) and weather resistance. The main floor consists of two 2-bedroom, 1-bathroom units, while upstairs has two 3-bedroom, 1-bathroom units. Each unit is tastefully finished with vinyl plank flooring and quartz countertops, energy-efficient appliances and its their own washer and dryer, ensuring convenience for all tenants. Ample parking for up to 5 vehicles at the rear of the property provides convenient off-street parking for tenants as well. Ideally located within walking distance to amenities, including a park across the street. This property is a prime addition to any investment portfolio, offering attractive rental returns with all units currently occupied by A++ tenants. Newer building constructed after 2019, which means no rental cap restrictions and potential for excellent rental income. A true 5.85% cap rate for a new construction built to the nine's. Get ahead of the interest rate cycle before the cap rates go back down to 4-4.5%! (id:2471)

Representative
Mel Vetero
Mel VeteroSales Representative
RE/MAX Centre City Realty Inc., Brokerage - REMAXLondon.com
Property Details
  • Property Address: 504 ENGLISH STREET, London, Ontario, N5W3T8
  • Community Name: East G
  • Property Type: Multi-family
  • Zoning Description: R2-3
  • Lot Size: 55.24 x 158.7 FT
  • Acreage: 55.24 x 158.7 FT|under 1/2 acre
  • Sewage Type: Sanitary sewer
  • Water Type: Municipal water
  • Total Parking Spaces: 5
Structure Details
  • Structure Style: Other
  • Storeys: 2
  • Bedrooms: 9
  • Bathrooms: 4-Total
  • Heating Type: Natural gas, Forced air
  • Cooling: Central air conditioning
  • Exterior Type: Brick
  • Foundation Type: Poured Concrete
  • Appliances Included: Dishwasher, Dryer, Refrigerator, Stove, Washer
Amenities / Features
  • Flat site
Neighbourhood Information

Listing Office: MAVERICK REAL ESTATE INC.

This REALTOR.ca listing content is owned and licensed by REALTOR® members of The Canadian Real Estate Association. REALTOR®, MLS® and the associated logos are trademarks of the Canadian Real Estate Association. This website is operated by a brokerage or salesperson who is a member of The Canadian Real Estate Association and is licensed to trade residential and/or commercialreal estate. Any out of province listing content on this website is not intended to solicit a trade in real estate. Any consumers interested in out of province listings must contact a person who is licensed to trade in real estate in that province. All information displayed on this website is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations are made of any kind.

504 ENGLISH STREET, London, Ontario, N5W3T8 504 ENGLISH STREET, London, Ontario, N5W3T8 504 ENGLISH STREET, London, Ontario, N5W3T8 504 ENGLISH STREET, London, Ontario, N5W3T8 504 ENGLISH STREET, London, Ontario, N5W3T8 504 ENGLISH STREET, London, Ontario, N5W3T8 504 ENGLISH STREET, London, Ontario, N5W3T8 504 ENGLISH STREET, London, Ontario, N5W3T8 504 ENGLISH STREET, London, Ontario, N5W3T8 504 ENGLISH STREET, London, Ontario, N5W3T8 504 ENGLISH STREET, London, Ontario, N5W3T8 504 ENGLISH STREET, London, Ontario, N5W3T8 504 ENGLISH STREET, London, Ontario, N5W3T8 504 ENGLISH STREET, London, Ontario, N5W3T8 504 ENGLISH STREET, London, Ontario, N5W3T8 504 ENGLISH STREET, London, Ontario, N5W3T8 504 ENGLISH STREET, London, Ontario, N5W3T8 504 ENGLISH STREET, London, Ontario, N5W3T8 504 ENGLISH STREET, London, Ontario, N5W3T8 504 ENGLISH STREET, London, Ontario, N5W3T8 504 ENGLISH STREET, London, Ontario, N5W3T8 504 ENGLISH STREET, London, Ontario, N5W3T8 504 ENGLISH STREET, London, Ontario, N5W3T8 504 ENGLISH STREET, London, Ontario, N5W3T8 504 ENGLISH STREET, London, Ontario, N5W3T8 504 ENGLISH STREET, London, Ontario, N5W3T8 504 ENGLISH STREET, London, Ontario, N5W3T8 504 ENGLISH STREET, London, Ontario, N5W3T8 504 ENGLISH STREET, London, Ontario, N5W3T8 504 ENGLISH STREET, London, Ontario, N5W3T8 504 ENGLISH STREET, London, Ontario, N5W3T8 504 ENGLISH STREET, London, Ontario, N5W3T8 504 ENGLISH STREET, London, Ontario, N5W3T8 504 ENGLISH STREET, London, Ontario, N5W3T8 504 ENGLISH STREET, London, Ontario, N5W3T8 504 ENGLISH STREET, London, Ontario, N5W3T8
504 ENGLISH STREET, London, Ontario, N5W3T8

This website is operated by a member of The Canadian Real Estate Association (CREA). The content on this website is owned or controlled by CREA. By accessing this website, the user agrees to be bound by these terms of use as amended from time to time, and agrees that these terms of use constitute a binding contract between the user, and CREA.

The content on this website is protected by copyright and other laws, and is intended solely for the private, non-commercial use by individuals. Any other reproduction, distribution or use of the content, in whole or in part, is specifically prohibited. Prohibited uses include commercial use, "screen scraping", "database scraping", and any other activity intended to collect, store, reorganize or manipulate the content of this website.

REALTOR®, REALTORS®, and the REALTOR® logo are certification marks that are owned by REALTOR® Canada Inc. and licensed exclusively to The Canadian Real Estate Association (CREA). These certification marks identify real estate professionals who are members of CREA and who must abide by CREA's By-Laws, Rules, and the REALTOR® Code. The MLS® trademark and the MLS® logo are owned by CREA and identify the professional real estate services provided by members of CREA.

The information contained on this website is based in whole or in part on information that is provided by members of CREA, who are responsible for its accuracy. CREA reproduces and distributes this information as a service for its members, and assumes no responsibility for its completeness or accuracy.

We may at any time amend these Terms of Use by updating this posting. All users of this site are bound by these amendments should they wish to continue accessing the website, and should therefore periodically visit this page to review any and all such amendments.

By using our site, you agree to our Terms of Use

Translate »

Sign into your account

Create an account

Reset Password