Listed by Right At Home Realty.

353 Central Avenue is a Detached, 3-Storey and is currently for Sale @ $999,999. Taxes in 2023 were $5,915.55.

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Welcome to your new investment property! 4 self-contained units await in the heart of London. The 3-Storey on 353 Central Avenue has 6 bedrooms, 4 bathrooms, and is located on a 132.58 x 34.12 ft lot in the community of East F . Steps from Wellington and Richmond, walking distance to shopping, groceries, bars, restaurants. Close to downtown, just blocks away from the train station. Each unit is separately metered for hydro. Unit 1 features 1 bedroom on the main floor, with 2 in the basement, washer/dryer, dishwasher and 2 parking spots. Unit 2- 2 beds, washer/dryer, dishwasher. Unit 3- 1 bedroom, 1 parking spot. Unit 4- 2 beds, washer/dryer, 2 parking spots and use of backyard. Check out the detailed floor plan in attachments for a great breakdown of each unit. Each unit is heated by electric baseboards, with tenants paying hydro. Landlords pay water and gas. Asphalt shingle roof done in 2019. 3 units currently rented with unit 1 being vacant, but in the place property manager is actively looking for a new tenant. This is a turn-key rental property that will add considerable value to your current holdings or make a great first investment!

Rent for each unit: Unit 1- Rented in the past for $2,050 (3 bed), Unit 2- Rented for $1,500 (2 bed), Unit 3- $544.50 (1 bed), Unit 4- $1,800 (2 bed). Current property manager in place charges 7% of monthly rent.

The address 353 Central Avenue was listed for sale (MLS# X9295385) on Tuesday, September 03, 2024.