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Property Details (Hamilton, ON)

Title

Triplex. Separate entrances. $2400 possible rent In LONDON

  
Asking Price Please contact
Contact Info Refer to listing
Property Description
Price: $247,500.00

Street address: Brydges/Highbury, London



(519)455-7306

161 Fellner Ave,

London, ON



Privately owned/operated. No management fees!

Here is a well taken care of 29 year old legally described duplex operating as a Triplex consisting of "two" (3) bedroom units and "one" (1) bedroom basement apartment (not a bachelor). If you rented out all 3 units, this would bring in approx $2400 a month or $28,000 a year. Better return than a stock market.



Each unit consists of dining room, livingroom, bathroom, kitchen and bedrooms.



*picture shows baseboard heaters, but they're not used. (Breakers are shut-off to them, but left as backup incase of furnace failure). Instead, is upgraded separate modern efficient Natural Gas combo-hydronic heating systems with forced air exchangers and 2 external high efficiency ice-cold A/C units attached.

*$2385 year taxes

*Building is on a large corner lot with parking for 5 cars.

*3 separate entrances

*common basement area storage

*coin laundry

*new roof in 06'

*lower unit and upper unit newly renovated late 07'

*separate hydro meters

*up to date fire/hydro multi-dwelling paperwork

*all copper wiring and plumbing

*includes 3 fridges, 3 stoves, 1 coin wash, 1 coin dryer

*fenced area for BBQ's and utility sheds and common garbage bin

*ideal for owner occupied. Live in one rent out the other two. Pay the mortgage, taxes and still have money left over!



Owner occupied on main level. The basement 1 bedroom is currently rented for $625 month to a quiet single female. Move in one unit or rent out both 3 bedroom units and set your own rents. The upper unit was vacated in October for renovations and hasn't been re-rented. This allows you to screen your own occupant and set your price for rent.



Selling due to moving from London. If your looking for a great trouble free investment, you can't go wrong with real estate. People always need a place to live!



Contact for viewing.

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Posted Date 2008-02-12 19:29:34(GMT)
Last Modified 2008-02-12 19:29:34(GMT)
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