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$1,125,000
London South
17 Evergreen Avenue, London South (South E), Ontario, N6J1A6
This multi-family property in London South is for sale offering roughly 4,156 sq ft of space. It has been on the market 8 days, fresher than the London South average of 58 days.
Invest in central London with convenient access to Western University, downtown and public transit. This four-unit property combines three apartments in the front building with a detached one-bedroom-plus-den garden suite, offering a versatile rental mix for tenants seeking access to the university and city amenities. Current rental income totals approximately $6,929.64 monthly or $83,155.68 annually, with potential for rental growth through future lawful rent increases and tenant turnover. Shopping, parks and major employment destinations further enhance its appeal. Available individually or together with neighbouring 19 and 21 Evergreen Avenue, offering an established rental portfolio with longer-term assembly potential. (id:66096)
Features and services as supplied by the listing brokerage.
Active: 8 days on market, against an average age of 58 days across the listings currently for sale in this city
This multi-family in London South (South E) has been listed for 8 days, which is 50 days fresher than the city average of 58. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $1,125,000, about 17.3× the local median household income of $65,000.
Carrying it typically needs a household income of about $219,752 (20% down, 25-yr amortization, stress-tested) — roughly 238% above the area median.
Source: Statistics Canada, 2021 Census (FSA N6J)
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Loading rates, 30-yr amortization
Cash Needed to Close
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