$ 499.900

140 Rectory Street, London

30 Photos

140 Rectory Street, London, ON N5Z2A3 Photo 2

140 Rectory Street, London, ON N5Z2A3 Photo 3

140 Rectory Street, London, ON N5Z2A3 Photo 4

140 Rectory Street, London, ON N5Z2A3 Photo 5

140 Rectory Street, London, ON N5Z2A3 Photo 6

140 Rectory Street, London, ON N5Z2A3 Photo 7

Bedrooms: 4
Bathrooms: 3
Living area: 1780 sqft

MLS®: 40569033
Type: Townhouse
Added: 13 days ago

Property Details

Amazing triplex in the heart of London, close to Downtown & tons of amenities. This great investment opportunity offers ample parking, fenced backyard, separate hydro meters, separate entrances to each of the units and parking on both sides of the property. Unit 1 is a 1 bedroom + den and pays $745.94 monthly and is currently month to month. Unit 2 is a one bedroom + den that pays $783.00 monthly and is month to month. Unit 3 is a two bedroom that pays $1750.00 monthly and is currently leased until January 2025. None of the units are in the basement! Zoning permits an ADU, providing even greater potential and revenue opportunities. This property is a great addition to your existing portfolio or for someone looking to purchase their first investment property. Don't wait; check out this amazing opportunity today! (id:1945)

Best Mortgage Rates

Property Information

Sewer: Municipal sewage system
Cooling: None
Heating: Natural gas
Stories: 2
Basement: Unfinished, Partial
Directions: Head north on Rectory street from Hamilton Road, Property is on East side just past Van Street.
Living Area: 1780
Lot Features: Crushed stone driveway
Photos Count: 30
Water Source: Municipal water
Parking Total: 5
Bedrooms Total: 4
Structure Type: Triplex
Common Interest: Freehold
Subdivision Name: East L
Tax Annual Amount: 1957.96
Exterior Features: Vinyl siding
Zoning Description: R2-2
Number Of Units Total: 3

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Nearby Places

Name	Type	Address	Distance
Lester B. Pearson School for the Arts	An application process must be completed by mid De...		0.5 km
Thames Secondary School	Offering a wide variety of tech courses, Thames ed...		0.5 km
Western Fair	Establishment	316 Rectory Street	0.6 km
Western Fair	Organizers had hoped to use the Crystal Palace Bar...		0.8 km
Aeolian Hall (London, Ontario)	and Rectory St, just to the east of Adelaide St...		1.0 km
Aeolian Hall	Establishment	795 Dundas St	1.0 km
London Police Service	Established in 1855 and renamed from the name Lond...		1.2 km
London Police Service	Police	601 Dundas St	1.2 km
H.B. Beal Secondary School	School	London	1.2 km
Flame of Hope (diabetes)	The Flame will only be extinguished when a cure fo...		1.2 km
Banting House	in London, Ontario, Canada, it is the house where ...		1.3 km
Banting House National Historic Site	Museum	442 Adelaide St N	1.3 km

Similar Townhouses Stat in London

We have found 6 Townhomes that closely match the specifications of the property located at 140 Rectory Street with distances ranging from 2 to 10 kilometers away. The prices for these similar properties vary between 524,900 and 689,900, providing a good range for comparison. Moreover, we have also discovered that there are a few open Townhomes in the N5Z2A3 postal code area of London Ontario Canada.

140 Rectory Street mortgage payment

Based on the given information, we can estimate the monthly mortgage payment for someone interested in purchasing the property located at 140 Rectory Street. The current price of the property is $499,900, 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 $399,920. This would result in a monthly mortgage payment of $2,338 over a 25-year amortization period.

Demographic Information

Neighbourhood Education

Bachelor's degree	40
Certificate of Qualification	10
College	60
University degree at bachelor level or above	45

Neighbourhood Marital Status Stat

Married	125
Widowed	25
Divorced	30
Separated	25
Never married	140
Living common law	55
Married or living common law	180
Not married and not living common law	220

Neighbourhood Construction Date

1961 to 1980	10
1991 to 2000	20
1960 or before	160

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