Listing photo for 149 Forest Hill Av, LONDON, ON
Listing photo for 149 Forest Hill Av, LONDON, ON
Listing photo for 149 Forest Hill Av, LONDON, ON
Listing photo for 149 Forest Hill Av, LONDON, ON
Listing photo for 149 Forest Hill Av, LONDON, ON
Listing photo for 149 Forest Hill Av, LONDON, ON
Listing photo for 149 Forest Hill Av, LONDON, ON
Listing photo for 149 Forest Hill Av, LONDON, ON
Listing photo for 149 Forest Hill Av, LONDON, ON
Listing photo for 149 Forest Hill Av, LONDON, ON
Listing photo for 149 Forest Hill Av, LONDON, ON
Listing photo for 149 Forest Hill Av, LONDON, ON
Listing photo for 149 Forest Hill Av, LONDON, ON
Listing photo for 149 Forest Hill Av, LONDON, ON
Listing photo for 149 Forest Hill Av, LONDON, ON
Listing photo for 149 Forest Hill Av, LONDON, ON
Listing photo for 149 Forest Hill Av, LONDON, ON
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149 Forest Hill Av,

LONDON, ON $499,900

$499,900

5 Beds
4 Baths
2 Garages

FANTASTIC INVESTMENT OPPORTUNITY FOR A LEGAL TRIPLEX ON A HUGE LOT RIGHT BY SPRINGBANK PARK, BUS ROUTES & 5 MINUTES FROM DOWNTOWN. MAIN FLOOR (2 BDRM UNIT) AND BACK COTTAGE (1BDRM UNIT) ARE VACANT AND RENOVATED, PERFECT OPPORTUNITY TO SET RENT AT CURRENT MARKET VALUE. UPPER (1 BDRM UNIT) CURRENTLY RENTED AT $750/MTH WITH AMAZING, RELIABLE LONG TERM TENANT. ALL 3 UNITS INCLUDE FULL KITCHENS, 4 PC BATH AND LIVING ROOMS. PROPERTY ALSO INCLUDES A SINGLE CAR GARAGE (GREAT FOR STORAGE) AND AN OVERSIZED INSULATED DOUBLE CAR GARAGE/WORKSHOP WITH MORE INCOME POTENTIAL. WITH CURRENT AVERAGE MARKET RENTS AT $1125/MTH FOR A 1 BDRM AND $1757/MTH FOR A 2 BDRM, NET INCOME POTENTIAL FOR THIS PROPERTY IS ESTIMATED AT OVER 38K ANNUALLY (NOT INCLUDING THE GARAGE). THIS LEAVES YOU WITH AN INCREDIBLE 7.6% CAP RATE AND POTENTIAL FOR GROWTH. DON'T MISS THIS OPPORTUNITY TO INVEST IN YOUR FUTURE IN LONDON'S BOOMING RENTAL MARKET.

Facts & Features
MLS® # 242044
Price $499,900
Bedrooms 5
Bathrooms 4.00
Full Baths 4
Acres 0.00
Type Residential
Sub-Type Residential
Style 1.5 Storey
Status Active
Community Information
Address 149 Forest Hill Av
Area S
City LONDON
County London
Province ON
Postal Code N6J 2Z3
Amenities
Features Appliances Negotiable, Carbon Monoxide Detector, In-law Capability, Multiple Kitchens, Smoke Detector, Washer/Dryer Hookup
# of Garages 2
Garages Detached
Is Waterfront No
Has Pool No
Pool None
Interior
Heating Forced Air-Gas
Fireplace No
Has Basement No
Basement Partially Finished, Development Potential
Exterior
Exterior Aluminum Siding
Exterior Features Fenced Full, Privacy
Lot Description Under .5 Acre
Roof Shingles
Foundation Poured Concrete
School Information
Elementary KENSAL PARK, WOODLAND HEIGHTS, VICTORIA PS, FRERE ANDRE, SOUTH, BEAL, CCH, WESTMINSTER, ST. MARTIN
Listing Details
Office STREETCITY REALTY INC.
Photo of Brian Van Bart

Brian Van Bart

Office: 519 657 2020

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