Multiplex

77 Sterling Street

London, N5Y 1Y6

$975,000
Bedrooms
6
Bathrooms
3
Interior
2,000-2,500 ft²
Lot
37 × 177 ft
Type
Multiplex
On the market
108 days

About this home

Take advantage of the HST Rebate pricing now!!! Incredible opportunity for investors or live in with income opportunity!!! This brand new to be built, purpose built triplex features three spacious 2 bedroom open concept units with projected gross annual income of $75,000.00. Situated on a quiet street just 2 minute drive from Fanshawe College, minutes to down town and quick drive to Western University campus. This 3 unit plan features 2286 sq ft on main and upper unit and 831 sq ft in lower unit for a total of 3117 sq ft . It is also surrounded by many amenities such as Canadian Super Store, LCBO, restaurants, and bus routes and rapid transit corridor. This location offers strong rental demand and minimal vacancy risk, great addition to anyone's investment portfolio. Great opportunity to pick tenants and set your own rent values with three vacant and ready to go units. Features of this build include exterior is finished with upgraded low maintenance vinyl board siding. Del windows, 9 ft ceilings and vaulted ceiling each unit features luxury vinyl plank flooring, making it ideal for rental wear and tear. All 3 units feature full set of stainless steel appliances, mechanical./storage room, separate high efficiency furnaces, tankless hot water tanks, 100 amp electrical panels, separate hydro meters and A/C. Plenty of parking with potential development at the rear of property. (Buyer to verify zoning details and permissions)

Features

  • Air Exchanger
  • Carpet Free
  • In-Law Capability
  • In-Law Suite
  • Water Heater

Property details

MLS® number
X13611982
Property type
Triplex
Style
2-Storey
Bedrooms
6
Bathrooms
3
Kitchens
3
Interior size
2,000-2,500 ft²
Approximate age
New
Lot
37 × 177 ft
Basement
Apartment, Finished with Walk-Out, Separate Entrance, Full, Finished
Heating
Forced Air, Gas
Cooling
Central Air
Sewer
Sewer
Parking
3 spaces
Exterior
Vinyl Siding
Roof
Asphalt Shingle
Foundation
Poured Concrete
Possession
NEW BUILD
Cross street
OXFORD ST
Community
East G
Municipality
London

Rooms

  • Kitchen

    9' 5" × 10'

    Main

  • Dining Room

    12' 7" × 8'

    Main

  • Living Room

    12' 7" × 14'

    Main

  • Bedroom

    12' 7" × 12'

    Main

  • Bedroom

    13' 2" × 9'

    Main

  • Kitchen

    10' × 9' 5"

    Upper

  • Dining Room

    12' 10" × 8'

    Upper

  • Living Room

    17' 10" × 10' 7"

    Upper

  • Bedroom

    12' 10" × 9' 5"

    Upper

  • Bedroom

    12' × 8' 10"

    Upper

  • Kitchen

    8' 8" × 9' 6"

    Lower

  • Living Room

    16' × 11' 11"

    Lower

  • Bedroom

    12' 10" × 9' 5"

    Lower

  • Office

    8' 4" × 8' 1"

    Lower

Room sizes come from the listing brokerage, converted from metres where needed. They are deemed reliable but not guaranteed.

Location

London, near OXFORD ST

77 Sterling Street, London

Approximate location, placed by postal code. Map data © OpenStreetMap contributors, tiles by OpenFreeMap.

Mortgage estimate

$4,317a month

$195,000 down, 4.5%, 25 years

Down payment

%
Open the full calculator

An estimate, not a quote. Under 20% down, the default insurance premium is added to the loan.

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