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660 CHEAPSIDE STREET
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660 CHEAPSIDE STREET $9,495,000
$9,495,000
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660 CHEAPSIDE STREET
London East (East C), Ontario N5Y3Y2

MLS® Number: X12285030
47
Bedrooms
30
Bathrooms
3500 - 5000
Square Feet

Listing Description

An exceptional multi/residential property located in the north end of London, Ontario. This offers investors a chance to compliment an existing_ portfolio or achieve geographic diversification with this turn-key asset. This site has been professionally upgraded with 30 suites in this four storey apartment building with an elevator. 660 Cheapside St. presents a unique value-added opportunity with renovated high end finishes, all with large balconies. A party room/lounge, a gym and both front door and underground parking. Luxury finishes include fireplaces, ceramic tile, laminate floors, all new lighting and carpeted bedrooms. All the units have stainless steel appliances (stove, fridge, dishwasher, washer and dryer). Building is comprised of 15 - 1 bedroom apartments, 7 - 2 bedroom, 6 - 2 bedroom loft apartments and 2 - 3 bedroom apartments. Controlled entry both front door entrance and underground parking. Excellent location in a mature residential area within walking distance to shopping and all your essential needs. Close to playground, schools, churches, and tennis courts. Pride of ownership throughout this investment. Gross income over $659,000.00. Cap Rate Over 5%. (40890731)

Location Description

Adelaide St

Property Summary

Property Type
Multi-family
Building Type
Other
Square Footage
3500 - 5000 sqft
Community Name
East C
Land Size
156.7 x 180.4 FT
Age Of Building
51 to 99 years
Annual Property Taxes
$71,414
Parking Type
Garage
Time on REALTOR.ca
20 days

Building

Bedrooms
Above Grade
47
Bathrooms
Total
30
Interior Features
Appliances Included
Intercom, Water Heater, All, Dishwasher, Dryer, Furniture, Stove, Washer, Refrigerator
Basement Type
N/A (Partially finished)
Building Features
Features
Flat site
Foundation Type
Concrete
Fire Protection
Controlled entry
Building Amenities
Fireplace(s), Separate Electricity Meters
Heating & Cooling
Cooling
Wall unit
Fireplace
30
Heating Type
Hot water radiator heat (Natural gas)
Utilities
Utility Sewer
Sanitary sewer
Water
Municipal water
Exterior Features
Exterior Finish
Brick
Neighbourhood Features
Amenities Nearby
Hospital, Park, Public Transit, Schools
Parking
Parking Type
Garage
Total Parking Spaces
48

Measurements

Square Footage
3500 - 5000 sqft

Land

Lot Features
Frontage
156 ft ,8 in
Land Depth
180 ft ,4 in
Other Property Information
Zoning Description
R9-3
Data provided by: London and St. Thomas Association of REALTORS® 342 COMMISSIONERS Road West, LONDON, Ontario N6J 1Y3
519-433-4331
Email
Book showing
SUTTON GROUP - SELECT REALTY
Brokerage
519-433-4331

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