27 days on Market

159 St James St, London, Ontario N6A 1W6

Townhouse
5 + 2
6
~2500-3000 sqft
$1,198,000
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Townhouse
5 + 2
6
~2500-3000 sqft

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Highlights

Estimated ValueNot available

Price/Sqft$439/sqft

Est. Mortgage$5,145/mo

Tax Amount (2024)$8,738/yr

Days On Market27 days


Description

Fantastic investment opportunity! This well-maintained multiplex offers five units and is ideally located just steps from Downtown London and within walking distance to Western University. The property features an attached double-car garage with two parking spaces, plus the convenience of seven additional spots spread across two private driveways - plenty of parking for tenants. This property is running a %7.0 CAP rate in a phenomenal student area with the opportunity to increase the other 4 units rental income for an even higher CAP rate. Close to public transit, grocery stores, the scenic Thames River, and Gibbons Park, this prime location provides easy access to all amenities, making it highly attractive to both students and professionals. Don't miss out on this excellent chance to own a solid income-generating property in a sought-after area!


Property Details

Style2-Storey
View-
Age of property-
SqFt~2500-3000 SqFt
Lot Size5,808 SqFt(88 x 66)
Parking Spaces9
MLS ®NumberX10432559
Community NameNorth London
Data SourceTRREB
Listing byCENTURY 21 FIRST CANADIAN CORP

Features

Heating: Forced Air
Cooling: Central Air
Basement: Finished

Main Floor

Living

3.94 x 5.34

Kitchen

3.86 x 6.92

Br

4.39 x 4.80

Family

4.93 x 8.88


Features

Lot size: 5,808 SqFt

Parking

Garage spaces 2

Garage type Attached

Other parking spaces 7

Total parking spaces 9


Property listed by CENTURY 21 FIRST CANADIAN CORP, Brokerage
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Population and Demographics

Overview

Total population 9916
Average household income $144,067

Age (%)

20 to 34
30%
65 and plus
21%
50 to 64
17%
0 to 19
17%
35 to 49
16%

Household composition (%)

Single family
49%
Single person
39%
Multi person
12%
Multi family
0%

Mother tongue (%)

English
86%
Others
8%
Spanish
2%
Mandarin
1%
Arabic
1%

House tenancy (%)

Renters
52%
Owners
48%

Schools and amenities

Estimated Budget