353 Central Ave, London

353 Central Ave, London, ON N6B2E3 Photo 1

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353 Central Ave, London, ON N6B2E3 Photo 2
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  • Bedrooms: 8
  • Bathrooms: 4
  • MLS®: x8227552
  • Type: Residential
  • Added: 17 days ago
  • Type: Residential
  • Listed by: Point2

Property Details

Welcome to your new investment property! 4 self-contained units await in the heart of London. Steps from Wellington and Richmond, walking distance to shopping, groceries, bars, restaurants. Close to downtown, just blocks away from the train station. Each unit is separately metered for hydro. Unit 1 features 1 bedroom on the main floor, with 2 in the basement, washer/dryer, dishwasher and 2 parking spots. Unit 2- 2 beds, washer/dryer, dishwasher. Unit 3- 1 bedroom, 1 parking spot. Unit 4- 2 beds, washer/dryer, 2 parking spots and use of backyard. Check out the detailed floor plan in attachments for a great breakdown of each unit. Each unit is heated by electric baseboards, with tenants paying hydro. Landlords pay water and gas. Asphalt shingle roof done in 2019. All 4 units currently rented, and with a property manager already in place, this is a turn-key rental property that will add considerable value to your current holdings or make a great first investment!

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Features

  • Other: Rent for each unit: Unit 1- Rented in the past for $2,050 (3 bed), Unit 2- Rented in the past for $1,500 (2 bed), Unit 3- $544.50 (1 bed), Unit 4- $1,800 (2 bed). Current property manager in place charges 7% of monthly rent., 4 Kitchens, Faces South
  • Heating: Baseboard, Electric
  • Sewer/Water Systems: Water Source: Municipal, Sewage Disposal: Sewers

Nearby Places

Name Type Address Distance
Crystal Palace Barracks In 1861, the military built an octagonal Crystal P... 0.3 km
Victoria Park, London, Ontario It is one of the major centres of community events... 0.4 km
Victoria Park Park 509 Clarence St 0.5 km
O"ZEN Restaurant 607 Richmond 0.5 km
Mongolian Grill Restaurant 645 Richmond St 0.6 km
London Public Library All locations offer art exhibits, programs for adu... 0.6 km
Catholic Central High School (London, Ontario) The new building was a Junior High School with gra... 0.6 km
St Peter's Cathedral Basilica Church 196 Dufferin Ave 0.6 km
Amici Italian Restaurant Restaurant 350 Dundas St 0.7 km
CHRW-FM The station broadcasts from Room 250 of the Univer... 0.7 km
Catholic Central High School School 450 Dundas St 0.7 km
Black Trumpet Restaurant Restaurant 523 Richmond St 0.7 km
Similar Houses Stat in London
We have found 6 Houses that closely match the specifications of the property located at 353 Central Ave with distances ranging from 2 to 10 kilometers away. The prices for these similar properties vary between 929,900 and 1,389,900, providing a good range for comparison. Moreover, we have also discovered that there are a few open Houses in the N6B2E3 postal code area of London Ontario Canada.
353 Central Ave mortgage payment
Based on the given information, we can estimate the monthly mortgage payment for someone interested in purchasing the property located at 353 Central Ave. The current price of the property is $999,999, 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 $799,999. This would result in a monthly mortgage payment of $4,676 over a 25-year amortization period.
Comparison of 353 Central Ave, London, ON with Nearby Houses
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704 Adelaide St N, London 505 Talbot Street Unit 2102, London 175 Sydenham Street, London 701 Adelaide Street, London 701 Adelaide Street N, London 633 Elias St, London 629 Central Avenue, London 150 Dundas Street Unit 1, London