500-502 Colborne Street, London East, Ontario N6B 2T5

Listed for:
$1,349,000
11 beds
5 baths
Listed 47 days ago
Other for rent: 500-502 Colborne Street, London East, Ontario N6B 2T5

View all 33 photos

Learn more about this property
Listing provided by:
MLS® number:
X12339936
Agent:
Justin Konikow
*Indicates required field
Name is required
Email is required
Please enter a valid phone number (e.g., 416-111-1111).

About

Colborne and Dufferin Introducing an exceptional investment opportunity in the heart of the city! 500/502 Colborne Street is a five-unit multi-family property located in the highly desirable Woodfield neighbourhood - ideal for investors looking to maximize rental income in one of London's most sought after markets. This turnkey property offers strong cash flow potential with prime rents and consistent tenant demand. The exterior is well-maintained and recently updated, providing excellent curb appeal and parking for up to six vehicles. Inside, the building features five spacious, well designed units with open-concept layouts that will appeal to todays renters, with one of the main units recently undergoing extensive updating. One of the units include in-suite laundry, while the remaining tenants have access to an on site shared laundry area. With aCity of London rental license already in place, this property offers peace of mind for investors of types. Tenants will appreciate the unbeatable location, with shopping, dining, entertainment, and transit just steps away - making 500/502 Colborne a solid, income-producing asset in a high-demand area. (id:27476)

Property Highlights

MLS® Number
X12339936
Type
Multi-family
Community Name
East F
Land Size
45 x 105 FT
Parking Space Total
6

Building

Building Type
Other
Storeys
3.00
Square Footage
5000 - 100000 sqft
Bathrooms Total
5
Bedrooms Above Ground
9
Bedrooms Total
11
Amenities
Separate Heating Controls, Separate Electricity Meters Public Transit
Exterior Finish
Brick
Fireplace Present
No
Basement Type
N/A, N/A (Partially finished)
Basement Features
Walk out
Building Heating Type
Forced air
Heating Fuel
Natural gas
Building Cooling Type
None

Utilities

Water
Municipal water
Utility Sewer
Sanitary sewer

Location