340 Hill Street London, Ontario N6B 1E3
$1,199,900
Well maintained 6 unit investment property located in SOHO at the corner of Wellington Street and Hill Street. Consisting of 1- 1 bedroom, 4- 2 bedroom and 1- 3 bedroom units along with an addtional 33' x 41' parcel of land. On-site coin laundry. Parking for 9 vehicles. Located across the street from new mixed-use housing development on South Street. Current NOI: $77,222.94. Potential for significant upside, current rents below market. The 3 bedroom unit will be vacant upon possession (market rent $1,800 per month). Zoning R3-1. Close proximity to Wellington Road and transit and within walking distance to downtown London. (id:61445)
Property Details
| MLS® Number | X12075582 |
| Property Type | Multi-family |
| Community Name | East K |
| ParkingSpaceTotal | 9 |
Building
| BathroomTotal | 6 |
| BedroomsAboveGround | 12 |
| BedroomsTotal | 12 |
| Appliances | Water Heater |
| BasementDevelopment | Unfinished |
| BasementType | N/a (unfinished) |
| CoolingType | Window Air Conditioner |
| ExteriorFinish | Brick |
| FoundationType | Block |
| HeatingFuel | Natural Gas |
| HeatingType | Forced Air |
| StoriesTotal | 3 |
| SizeInterior | 3000 - 3500 Sqft |
| Type | Other |
| UtilityWater | Municipal Water |
Parking
| No Garage |
Land
| Acreage | No |
| Sewer | Sanitary Sewer |
| SizeDepth | 33 Ft |
| SizeFrontage | 66 Ft |
| SizeIrregular | 66 X 33 Ft |
| SizeTotalText | 66 X 33 Ft |
| ZoningDescription | R3-1 |
https://www.realtor.ca/real-estate/28151228/340-hill-street-london-east-k
Interested?
Contact us for more information
Bradley Gleed
Broker
Nick Jaremko
Salesperson
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April 10 2025 07:51:22
A Team London