222-224 BROUGHDALE AVENUE Detached Duplex in London, Ontario, N6A2K9

222-224 BROUGHDALE AVENUE

London, Ontario, N6A2K9, Canada

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Approx. price(May 2022):

$1,699,900

Building type:	Duplex
Building style:	Detached
Storeys:	2
Land Size:	under 1/2 acre
Floor Space:	3600
Bathrooms:	4
Bedrooms:	11
Parking Space(s):	10
Cooling:	None
Heating Type / Fuel:	Hot water radiator heat, (Natural gas)
Basement / Features / Type:	/ / Full (Finished)
Exterior:	Brick
Water:	Municipal water

Property Description

Duplex for sale in London located in 222-224 BROUGHDALE AVENUE , Ontario, N6A2K9, Canada. This Duplex have 11 bedrooms and 4 bathrooms. This property listing building style is Detached. For all the rest of the information we have about this property in London , see above.

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

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222-224 BROUGHDALE AVENUE, London, Ontario, N6A2K9, Canada