Unknown for 29 Cartwright St, London Ontario N6B 2W5
Sold conditionally
22 days on Market

29 Cartwright St, London, Ontario N6B 2W5

Townhouse
8 + 3
12
- sqft
$1,999,000
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Townhouse
8 + 3
12
- sqft

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Highlights

Estimated Value$2,405,000*

Price/Sqft-

Est. Mortgage$8,585/mo

Tax Amount (2024)$22,870/yr

Days On Market22 days

*Last updated on: 24/12/27

Description

Rare opportunity to purchase a building like this in the core area. Solid brick 12 unit apartment building. Huge upside potential with rents in the $1350. A month range of value of $2,800,000 at 5% cap rate potential rents of $1600 a month with high end finishes to the units and a projected market value of almost $3,600,000 at a 5% cap rate. Lots of parking in the back parking lot. Solid built building. Roof approx. 8 years old. Located right downtown within walking distance to shops, Victoria park and all amenities. 11 one bedroom apartments and 1 bachelor apartment. Laundry located in lower level.


Property Details

Style3-Storey
View-
Age of property51-99
SqFt-
Lot Size9,960 SqFt(166 x 60)
Parking Spaces12
MLS ®NumberX11894325
Community NameCentral London
Data SourceTRREB
Listing bySUTTON GROUP - SELECT REALTY

Features

Heating: Water

Features

Lot size: 9,960 SqFt

Parking

Garage spaces -

Garage type -

Total parking spaces 12


Property listed by SUTTON GROUP - SELECT REALTY, Brokerage
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Population and Demographics

Overview

Total population 16774
Average household income $95,260

Age (%)

20 to 34
38%
50 to 64
18%
35 to 49
17%
65 and plus
16%
0 to 19
10%

Household composition (%)

Single person
57%
Single family
33%
Multi person
10%
Multi family
0%

Mother tongue (%)

English
87%
Others
4%
Spanish
3%
Arabic
2%
French
2%
Portuguese
1%

House tenancy (%)

Renters
77%
Owners
23%

Schools and amenities

Estimated Budget

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