$1,149,000

For sale

149 Sydenham Street, London East (East B) - Multi-family for Sale

149 Sydenham Street, London East (East B), Ontario, N6A1W1

10 beds4 baths6 parking2,750 ft²33 × 158 ft (5,207 sq ft) lot sizeListed 15 days ago

Overview

This multi-family property in London East is for sale offering roughly 2,750 sq ft of space. It has been on the market 15 days, fresher than the London East average of 48 days.

Multi-Family Properties for Sale in London East →All real estate in London East →

Description

A RARE INVESTMENT OPPORTUNITY IN OLD NORTH LONDON! Position your portfolio for the future with this substantial, fully tenanted front-to-back duplex in one of London's established neighbourhoods. Offering two self-contained units with 5 bedrooms and 2 bathrooms each, this property delivers an impressive 10 bedrooms and 4 bathrooms under one roof. Separate metering adds to the property's practical investment appeal, while its prime location minutes from Western University (UWO), downtown London, public transit and a wealth of amenities enhances its rental-market appeal. Whether you're an experienced investor looking to expand your holdings or seeking a significant multi-unit property in a strategic location, this is an opportunity worth exploring. Don't miss your chance to secure a fully occupied investment property with substantial rental accommodation in Old North. Showing a Return on Investment approx 6% Reach out today for more information and make this property your next portfolio acquisition! (id:66096)

Property Details

MLS®: X14099196
Property Type: Multi-family
Bedrooms: 10
Beds (above / below): 10 above · 0 below
Bathrooms: 4
Parking: 6
Interior Size: 2,750 ft²
Lot Size: 33 × 158 ft (5,207 sq ft)
Frontage: 33 ft
Storeys: 2
Basement: Partially finished, Other, See Remarks, N/A, N/A
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: No Garage
Fireplace: Yes
Property Tax: $8,248/yr
Listed: 15 days ago

Features

Foundation: Concrete
Exterior: Aluminum siding, Vinyl siding

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

15d

London East (East B) listings, avg age

48d

Price / ft²

$418

List price

$1.15M

Haho

This 10-bed multi-family in London East (East B) has been listed for 15 days, which is 33 days fresher than the city average of 48. Act while there is still low competition.

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Listed by RE/MAX ADVANTAGE REALTY LTD. · BRIAN TOTH

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N6A)

This home lists at $1,149,000, about 18.8× the local median household income of $61,200.

Carrying it typically needs a household income of about $224,440 (20% down, 25-yr amortization, stress-tested) — roughly 267% above the area median.

Median household income: $61,200
Population: 13,810
Median age: 34
Owner / renter: 29% / 71%
Avg. household size: 1.8

Source: Statistics Canada, 2021 Census (FSA N6A)

$1,149,000· $418/ft²

For sale

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Full Cost Breakdown

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Down Payment7.82% · $89,900

Min 7.82%50%

Mortgage payment$5,872/mo

↳ CMHC premium ($42,364 capitalized)

Property tax (est.)$687/mo

Total monthly$6,559

Cash Needed to Close

Down payment (7.82%)$89,900

Land transfer tax$19,455

Est. closing costs$5,947

Total cash needed$115,302

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