504 ENGLISH STREET, London

Situated east of the downtown core in the vibrant ""Old East"" neighborhood, this 4-plex presents an exceptional opportunity to expand your investment portfolio. Built in 2021, this newer construction property offers modern amenities and attractive features designed to appeal to both tenants and investors. No expense was spared in this development, entire building is spray foam insulated for optimal energy efficiency. Concreate driveway for long term durability, heritage wood windows in front and initial side, & fiberglass for remainder. High-pitched roof not only enhances the building s architectural appeal but also offers practical benefits in terms of interior space (9 ft ceilings) and weather resistance. The main floor consists of two 2-bedroom, 1-bathroom units, while upstairs has two 3-bedroom, 1-bathroom units. Each unit is tastefully finished with vinyl plank flooring and quartz countertops, energy-efficient appliances and its their own washer and dryer, ensuring convenience for all tenants. Ample parking for up to 5 vehicles at the rear of the property provides convenient off-street parking for tenants as well. Ideally located within walking distance to amenities, including a park across the street. This property is a prime addition to any investment portfolio, offering attractive rental returns with all units currently occupied by A++ tenants. Newer building constructed after 2019, which means no rental cap restrictions and potential for excellent rental income. A true 5.85% cap rate for a new construction built to the nine s. Get ahead of the interest rate cycle before the cap rates go back down to 4-4.5%! (id:56071)

Appliances:  Dishwasher, Dryer, Refrigerator, Stove, Washer
Features:  Flat site
Rental Equipment:  
Directions:  LORNE AVE
Zoning Description:  R2-3
Lot:  55.24 x 158.7 FT|under 1/2 acre 55.24 x 158.7 FT
Exterior Finish:  Brick
Water:  Municipal water, Sanitary sewer
Heating / Cooling:   Natural gas / Central air conditioning
Age: 
Foundation: Poured Concrete
Basement:  

Rooms & Sizes