$ 849.900

585 Colborne Street, London

21 Photos

585 Colborne Street, London, ON N6B2V1 Photo 2

585 Colborne Street, London, ON N6B2V1 Photo 3

585 Colborne Street, London, ON N6B2V1 Photo 4

585 Colborne Street, London, ON N6B2V1 Photo 5

585 Colborne Street, London, ON N6B2V1 Photo 6

585 Colborne Street, London, ON N6B2V1 Photo 7

Bedrooms: 6
Bathrooms: 4

MLS®: 40572288
Added: 14 days ago

Property Details

Prime Location Triplex in London, Ontario - Ideal Investment Opportunity: Welcome to this well-maintained triplex in the heart of London, Ontario, offering three separate units including a 1-bedroom apartment, 2-bedroom apartment and 3-bedroom apartments. Situated in a prime location with consistent high rental demand and walkable distance to downtown, this property presents an excellent income-generating opportunity. Features include modern amenities, strong occupancy rates, and proximity to schools, parks, and amenities. Don't miss out on adding this lucrative investment to your portfolio - schedule a viewing today! (id:1945)

Best Mortgage Rates

Property Information

Sewer: Municipal sewage system
Cooling: None
Heating: Natural gas
Stories: 2.5
Basement: Finished, Full
Year Built: 1899
Directions: Colborne St X Central Ave
Lot Features: Crushed stone driveway
Photos Count: 21
Water Source: Municipal water
Parking Total: 5
Bedrooms Total: 6
Structure Type: Triplex
Common Interest: Freehold
Parking Features: Detached Garage
Subdivision Name: East F
Tax Annual Amount: 6005.39
Exterior Features: Brick
Foundation Details: Block
Zoning Description: R3-2
Number Of Units Total: 3

	This listing content provided by REALTOR.ca has been licensed by REALTOR® members of The Canadian Real Estate Association

Nearby Places

Name	Type	Address	Distance
Crystal Palace Barracks	In 1861, the military built an octagonal Crystal P...		0.5 km
Catholic Central High School (London, Ontario)	The new building was a Junior High School with gra...		0.5 km
Victoria Park, London, Ontario	It is one of the major centres of community events...		0.6 km
Victoria Park	Park	509 Clarence St	0.6 km
Catholic Central High School	School	450 Dundas St	0.6 km
London Public Library	All locations offer art exhibits, programs for adu...		0.6 km
O"ZEN	Restaurant	607 Richmond	0.7 km
Mongolian Grill	Restaurant	645 Richmond St	0.7 km
Amici Italian Restaurant	Restaurant	350 Dundas St	0.7 km
CHRW-FM	The station broadcasts from Room 250 of the Univer...		0.8 km
Delta London Armouries Hotel	Bar	325 Dundas St	0.8 km
St Peter's Cathedral Basilica	Church	196 Dufferin Ave	0.8 km

585 Colborne Street mortgage payment

Based on the given information, we can estimate the monthly mortgage payment for someone interested in purchasing the property located at 585 Colborne Street. The current price of the property is $849,900, and the mortgage rate being used for the calculation is 4.44%, which is a competitive rate offered by Ratehub.ca. Assuming a conventional mortgage with a 20% down payment, the total amount borrowed would be $679,920. This would result in a monthly mortgage payment of $3,974 over a 25-year amortization period.

Demographic Information

Neighbourhood Education

Master's degree	25
Bachelor's degree	90
University / Above bachelor level	10
University / Below bachelor level	10
Certificate of Qualification	10
College	55
University degree at bachelor level or above	120

Neighbourhood Marital Status Stat

Married	70
Widowed	20
Divorced	60
Separated	25
Never married	255
Living common law	90
Married or living common law	165
Not married and not living common law	365

Neighbourhood Construction Date

1961 to 1980	55
1981 to 1990	10
2001 to 2005	20
1960 or before	245

Nearby Cities	Listings	Avg. price
Thames Centre	51	$1.069.683
Middlesex Centre	69	$1.259.378
St Thomas	157	$860.762
Ingersoll	57	$1.086.861
Strathroy Caradoc	75	$956.071
Woodstock	158	$804.928
North Middlesex	52	$818.346
Tillsonburg	128	$950.253

Popular Cities	Listings	Avg. price
Waterloo	426	$854.937
Kitchener	724	$942.357
Guelph	391	$924.126
Cambridge	447	$1.034.183
Burlington	812	$1.594.990
Oakville	903	$1.951.556
Milton	416	$1.751.418
Mississauga	1435	$1.320.857