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$875,000
Available - For Sale
Listing ID: X12422300
First time offered in 42 Years! 312 Piccadilly sits on a quiet North London Street. The present owner has resided in this solid income property for 42 years and allowed him to derive a superior cash flow from the large apartments. 312 Piccadilly offers 4 units: Three 2 Bedroom Units and One 1 bedroom unit. Unit 3, the Upper unit where the owner resides, has an impressive Loft that was custom built. It overlooks the large living area with Projected income of $2650 monthly or $31,800 Yearly. Unit 2 Lower has a nice porch to sit on and enjoy the street scape, two bedrooms, hardwood floor, large principal rooms- ideal for an owner occupied unit. It is presently rented Month to Month at $820.00. Projected income for this unit would be $2300.00 monthly or $27,600 Yearly. Unit 3 is a 1 bedroom Vacant unit with projected income $1600.00 monthly or $19,200 Yearly. Unit 4 is a Vacant unit with projected income $2000.00 monthly or $24,000 Yearly. Total projected income $102,000. This projection is based on upgrading the units as they come vacant. This building sits in an area close to University of Western Ontario, Saint Joesphs Hospital, with easy access to Fanshawe College, a short walk to Richmond Row with the famous Ceeps & Joe Kools, a grocery store, and lots of bike paths and parks nearby. This is a perfect location. Parents, why buy a house your children can live in when you can buy an apartment building that will create a lasting income? Perfect to keep for them as the years pass on after they graduate, this building will appreciate- a true good long term investment. Owner will consider holding a First Mortgage with an appropriate down payment. Please note Apt tenant pays Heat. Apt Tenant pays Hydro. Apt 3 Owner occupied pays electric heat. Apt Tenant pays Hydro. Owner pays water for the building. Hours notice, See Floor Plans. Sold in as in condition.
Price $875,000
Taxes: $7,393.69
Tax Type: Annual
Monthly Condo Fee: $0
Occupancy by: Owner+T
Address: 312 Piccadilly Stre , London East, N6A 1S6, Middlesex
Postal Code: N6A 1S6
Province/State: Middlesex
Legal Description: PART OF LOT 17 PLAN 211(E) DESIGNATED AS
Directions/Cross Streets: Piccadilly & Waterloo
No. of Pieces Level
Washroom 1:  0
Washroom 2:  0
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Category: Apartment
Use: Apts - 2 To 5 Units
Building Percentage: T
Total Area: 1,800
Total Area Code:  Square Feet
Financial Statement: F
Chattels: F
Franchise: F
Maintenance: 0
Expenses Actual/Estimated: $Est
Sprinklers: No
Rail: N
Heat Type: Gas Forced Air Open
Central Air Conditioning: No
Sewers: Sanitary+Storm
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Asking Price: $ Heating: $ /Year  
Interest Rate: % Condo Fee: $ /Year
Taxes:   $ /Year Other Debt: $ /Year  
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Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
NU-VISTA PREMIERE REALTY INC.

312 Piccadilly Stre , London East, N6A 1S6, Middlesex


 
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Type: Com - Investment
Area: Middlesex
Municipality: London East
Neighbourhood: East F
Style:
Lot Size: x 138.04(Feet)
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Tax: $7,393.69
Maintenance Fee: $0
Beds: 0
Baths: 0
Garage: 0
Fireplace: N
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