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202-208 Homestead Crescent Unit# 202-208 London, Ontario N6G 2E5

12 Bedroom 8 Bathroom 6796
Fireplace Central Air Conditioning Forced Air Landscaped

$1,999,999

Rare investment opportunity to own an impressive 4 unit townhouse complex situated at the end of a quiet & desirable Northwest London crescent. This completely turnkey property has been meticulously maintained by the current owners for 22 years and is attractive to students, families and young professionals due to its close proximity to UWO, UH, fantastic shopping & restaurants, highly ranked schools and bus routes. All 4 units are very large - each featuring an open layout with soaring 9’ ceilings in the living room, private fully fenced patio, eat-in kitchen, formal dining room, 3 spacious bedrooms and 1.5 baths including a huge master with double closets. Beautiful hardwood floors throughout great for keeping units clean. Each townhouse has its own oversized attached single car garage in addition to an incredible 16 car concrete driveway. The lovely backyard can be accessed and enjoyed by all the tenants and is gorgeous in the Summer. Furnace, A/C, and laundry located on ground floor of each unit. No basements makes for safe and stress free experience for Landlords with all living & sleeping areas above grade. Plenty of room to expand or increase # of bedrooms based on size and layout of each unit. 208 Homestead Cr has been fully renovated with ground floor converted to a full bath with extra den/bedroom that can easily be replicated. Currently 3 of 4 units will be vacant at closing – great for investors to select their own tenants at current market rents. 202 Homestead Cr has a lovely long-term tenant paying month-to-month below market value. Current market rents for each unit estimated at $2,650/mt with potential to be 3,000-3,400/mt if renting to students and units converted to 4 bedrooms. Each townhouse pays separate hydro – opportunity for buyer to separate water & gas in future and sell complex as 4 individual units to add value. Recent updates to Roof, Windows, Furnaces, AC/s, Garage Doors, and all concrete driveways & walkways. See documents for details. (id:41806)

Property Details

MLS® Number 40363388
Property Type Multi-family
Amenities Near By Hospital, Park, Place Of Worship, Playground, Public Transit, Schools, Shopping
Community Features Community Centre
Equipment Type Water Heater
Features Cul-de-sac, Park/reserve
Rental Equipment Type Water Heater
Structure Shed

Building

Bathroom Total 8
Bedrooms Total 12
Basement Type None
Constructed Date 1967
Cooling Type Central Air Conditioning
Exterior Finish Brick
Fire Protection Unknown
Fireplace Fuel Wood
Fireplace Present Yes
Fireplace Total 4
Fireplace Type Other - See Remarks
Heating Type Forced Air
Stories Total 3
Size Interior 6796
Type Fourplex
Utility Water Municipal Water

Parking

Attached Garage

Land

Acreage No
Fence Type Fence
Land Amenities Hospital, Park, Place Of Worship, Playground, Public Transit, Schools, Shopping
Landscape Features Landscaped
Sewer Municipal Sewage System
Size Frontage 56 Ft
Size Total Text Under 1/2 Acre
Zoning Description R5-4

https://www.realtor.ca/real-estate/25181649/202-208-homestead-crescent-unit-202-208-london

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