Innovative Realty Inc.

Brokerage

Kannan Panchalingam

Direct : (647) 928-8889

kannanhomes@yahoo.com

139 Godfrey Drive, London East, ON N5V 2E8 (Highbury Ave N and Huron St)
$ 1700000 - MLS : X12494896

From Our Gallery

Description

Excellent Investment Opportunity! Purpose-built, all-brick 9-unit apartment building featuring 6 two-bedroom, 2 one-bedroom, and 1 bachelor unit. Fully rented with great tenants, offering stable cash flow and minimal vacancy risk. Prime location near Fanshawe College, Northland Mall, bus routes, and easy 401 access. Gross rental income is $141,291 with an NOI of $94,896. Attractive assumable financing available (approx. 2.69%, subject to lender approval - contact listing agent for details). Perfect for gradual rent increases through natural turnover and updates. Tenants pay rent + hydro. Features include new boiler, coin-op laundry, ample parking, and exterior paint/siding updated in 2022.

Location Description

Highbury Ave N and Huron St

Property Detail

Community: East D
Property Type: Tenant/Commercial
Garages: None
Annual Property Taxes : $ 16777.55

Lot dimensions: sqft
Baths:

Facts and Features

Parking Type : None

Amenities

Heating : Gas Hot Water

Listing Contracted With: THRIVE REALTY GROUP INC.

Kannan Panchalingam

Sales Representative

( 5 Reviews )

While I like to think that real estate is in my blood, shameless self-promotion is not. Unfortunately, that's part of the business so here's the painful bit about who I am and what makes me tick. The Toronto region has been my home all my life, and I love this area.

kannanhomes@yahoo.com

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