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Last Updated : 559 Days ago
500 502 Colborne Street, London, ON,

500 502 Colborne Street, London MLS Number: 40593825

London, Middlesex, ON, N6B 2T5

$1,400,000

Status:

  • 10+ Beds
  • 6 Baths
  • Area : 5556 sqft
  • Property Type: Residential Income (Multi-5 Unit)
  • Property Taxes : $11890 (Tax Year:2024)
  • Listing Courtesy : Prime Real Estate Brokerage

500 502 Colborne Street Property Description

Introducing a lucrative investment opportunity in the heart of the city! 500/502 Colborne is a 5 unit multi-family propertyand a dream come true for savvy investors seeking to maximize their returns. With a prime location, this property is nestledin a sought-after Woodfield neighbourhood, offering a turnkey investment with prime rents, in a thriving rental market.Featuring a well-maintained and updated exterior this property has great curb appeal that allows parking for up to 6 cars.The property comprises 5 spacious, well designed units with open-concept layouts. Tenants can enjoy easy access to a widerange of amenities, including shopping, dining, and entertainment options. On site laundry, eliminating the need for off-site laundry trips. 500 Colborne : Unit 1 $1659.98+ hydro Unit 2 $1396+ hydro(rentalincrease to $1430 Aug. 1st) Unit 3 $1515+ hydro. 502 Colborne : Unit 1 $2000+ hydro and gas (rental increase to $2050June 1st) Unit 2 $1634+ hydro and gas

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500 502 Colborne Street Property Facts

Property Type :Residential Income
MLS Number :40593825
Listing Type :Sale
Property Age :100+ Years
Possession Date :
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Last Updated :25 May, 2024 (559 Days ago)
Source :LSTAR
Area :Middlesex
City :London
Area Major :East
Area Minor :East F
Postal Code : N6B 2T5
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Directions :SOUTH ON COLBORNEFROM CENTRAL TO 500-502 COLBORNE ON EAST SIDE OF ROAD

500 502 Colborne Street Property Price & Tax Insights

Price : $1,400,000
Property Taxes :$11890
Tax Year :2024

500 502 Colborne Street, London Property Details

Bedrooms :10 +
Heating :Forced Air
Bathrooms :6
Approx Square Footage :5556 sqft

500 502 Colborne Street, London - Price History

2024-05

25 May, 2024

TREB #40593825

Listed

$1400000

500 502 Colborne Street - Location Map and Landmarks

  • London Health Sciences Centre – Children's, Middlesex 3.51 km
  • London Health Sciences Centre – Victoria's, Middlesex 3.51 km
  • London Health Sciences Centre – University, Middlesex 3.7 km
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