18 Craig Street London, Ontario N6C 1E8
$999,900
PRIME LOCATION STEPS TO THE HEART OF WORTLEY VILLAGE! This converted century home, established in 2015, offers 4 unique units. Showcasing old world charm, gorgeous millwork, and character that isn't easily replicated, this investment offers a unique opportunity to own a stately and highly desired property. Welcoming covered porch and common foyer makes a spectacular first impression with leaded glass window, original fireplace (never used by owner), original hardwood flooring, rich wood mouldings and built-in bench seating. Unit one ($1590.19/month) on the main floor features a grand living room with bay window overlooking the gardens, large kitchen with island, separate dining room, full bath, and handsome bedroom with wood detailing, fireplace, and coffered ceiling. This unit also offers private access to the rear of the home. Unit two ($1383.75/month) is situated on the second level and includes a generous and bright living room, full bathroom, eat-in kitchen, and bedroom with original fireplace detail. This unit also has a bonus 2PC bath, walk-in storage pantry, as well as spacious closet, currently functioning as an office space. Unit three (vacant as of Sept 1, projected rent $1950/month) includes a second level kitchen/living space, full bathroom, and two bedrooms on the third storey. Lower level unit most recently refreshed (rented at $1325/month) and includes new vinyl plank flooring through kitchen, living room, bedroom, and full bath. NOI of approx. $55,870.18 and over to 75K in annual income. Shared laundry in lower (coin operated). Newer boiler (2017). Fully licensed with fire inspection and legal fire escape. Ample parking along side of property (room for 5) with legal right of way to access as well as private drive in front with space for 4 vehicles. In the popular and ever-desired community of Wortley Village, this hot spot is always easy to rent and attracts A+ tenants. A coveted addition to your portfolio. (id:45615)
Property Details
| MLS® Number | 40453368 |
| Property Type | Multi-family |
| Amenities Near By | Place Of Worship, Playground, Public Transit, Schools, Shopping |
| Communication Type | High Speed Internet |
| Equipment Type | Water Heater |
| Features | Laundry- Coin Operated |
| Rental Equipment Type | Water Heater |
| Structure | Porch |
Building
| Bathroom Total | 5 |
| Bedrooms Total | 5 |
| Basement Development | Finished |
| Basement Type | Full (finished) |
| Constructed Date | 1895 |
| Construction Style Attachment | Detached |
| Cooling Type | Window Air Conditioner |
| Exterior Finish | Brick, Vinyl Siding |
| Fire Protection | Smoke Detectors |
| Fireplace Present | Yes |
| Fireplace Total | 5 |
| Foundation Type | Brick |
| Heating Type | Hot Water Radiator Heat |
| Stories Total | 3 |
| Size Interior | 2895 |
| Type | Fourplex |
| Utility Water | Municipal Water |
Land
| Access Type | Road Access |
| Acreage | No |
| Land Amenities | Place Of Worship, Playground, Public Transit, Schools, Shopping |
| Sewer | Municipal Sewage System |
| Size Frontage | 60 Ft |
| Size Total Text | Under 1/2 Acre |
| Zoning Description | R3-1 |
Utilities
| Cable | Available |
| Electricity | Available |
| Natural Gas | Available |
| Telephone | Available |
https://www.realtor.ca/real-estate/25843862/18-craig-street-london
Salesperson
(519) 667-1800
(519) 667-1958
www.facebook.com/NicoleCakeRealEstate
https://www.linkedin.com/in/nicolecakeremax/
@cakenic/
@nicolecakerealestate/
675 Adelaide Street North
London, Ontario N5Y 2L4
(519) 667-1800
(519) 667-1958
www.centrecityrealty.com
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September 13 2023 03:00:45
London and St. Thomas Association of REALTORS®
RE/MAX Centre City Realty Inc., Brokerage