Attention Investors. Great Investment Opportunity. Prime Location Walking Distance To UWO. TURNKEY Licensed Duplex That Has Been Renovated Top To Bottom With Future Development Potential. Main Floor 6 Bedroom, Upper Unit Is 5 Bedroom. Tenants For Both Units Leased Until April 30th 2023. Rental Income. ($3450.00 And $2360.00). Licensed For 11 Bedrooms But Only 9 Are Rented In The 2 Units. Potential For Annual Gross Income Of $85,000 Using Average Of $645 Per Room. Potential Cap Rate Of 4.2% Rents Include Heat. Tenants Pay Electricity And Water. Renovations Include All Windows, Aluminum Soffit, Fascia And Eaves Troughs, All Wiring Throughout 2 Meters, 2 Electrical Panels With 100 Amp Service, All Plumbing Throughout. One Boiler With 3 Heating Zones And Three Thermostats, 2 Kitchens, 4 Bathrooms And All Flooring Either Refinished Or Renovated. Decorated And Painted Throughout. Parking For 8+ Vehicles. Opportunity For Development Potential Is In The Basement Level And Also The High And Open Attic Space That Is Already Roughed In For Plumbing And Electrical. Property Comes With Rental License. Showings Will Be Tuesday, Thursdays And Saturday 1-4 Pm. With 24 Hrs Notice And Comply To Covid19 Showing Protocol
