Mehdi Teimouri
Broker
Right At Home Realty, Brokerage
Independently owned and operated.
1550 16 ave, Richmond Hill , Ontario L4b 3k9
Cell: 647-989-2641Office: 905-695-7888Fax: 905-695-0900
$1,999,000
Available - For Sale
Listing ID: X11894325
29 Cartwright St , London, N6B 2W5, Ontario
| Rare opportunity to purchase a building like this in the core area. Solid brick 12 unit apartment building. Huge upside potential with rents in the $1350. A month range of value of $2,800,000 at 5% cap rate potential rents of $1600 a month with high end finishes to the units and a projected market value of almost $3,600,000 at a 5% cap rate. Lots of parking in the back parking lot. Solid built building. Roof approx. 8 years old. Located right downtown within walking distance to shops, Victoria park and all amenities. 11 one bedroom apartments and 1 bachelor apartment. Laundry located in lower level. |
| Price | $1,999,000 |
| Taxes: | $22869.70 |
| Assessment Year: | 2023 |
| Address: | 29 Cartwright St , London, N6B 2W5, Ontario |
| Lot Size: | 60.00 x 166.00 (Feet) |
| Acreage: | < .50 |
| Directions/Cross Streets: | DUFFERIN |
| Rooms: | 47 |
| Bedrooms: | 8 |
| Bedrooms +: | 3 |
| Kitchens: | 8 |
| Kitchens +: | 4 |
| Family Room: | N |
| Basement: | None |
| Approximatly Age: | 51-99 |
| Property Type: | Multiplex |
| Style: | 3-Storey |
| Exterior: | Brick |
| Garage Type: | None |
| (Parking/)Drive: | Lane |
| Drive Parking Spaces: | 12 |
| Pool: | None |
| Approximatly Age: | 51-99 |
| Property Features: | Hospital, Library, Park, Place Of Worship, Public Transit, School |
| Fireplace/Stove: | N |
| Heat Source: | Gas |
| Heat Type: | Water |
| Central Air Conditioning: | None |
| Laundry Level: | Lower |
| Sewers: | Sewers |
| Water: | Municipal |
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Mehdi Teimouri
Broker
Dir:
647-989-2641
Bus:
905-695-7888
Fax:
905-695-0900
| Book Showing | Email a Friend |
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At a Glance:
| Type: | Freehold - Multiplex |
| Area: | Middlesex |
| Municipality: | London |
| Neighbourhood: | East F |
| Style: | 3-Storey |
| Lot Size: | 60.00 x 166.00(Feet) |
| Approximate Age: | 51-99 |
| Tax: | $22,869.7 |
| Beds: | 8+3 |
| Baths: | 12 |
| Fireplace: | N |
| Pool: | None |
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