593 & 595 TALBOT Street , London

10 Bed / 5 Bath / $1,299,900 / MLS® Listing #:40091920

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HUGE INVESTMENT OPPORTUNITY! 2 sides of a semi, 593 and 595 Talbot Street, being sold together. Prime downtown location. When we say turnkey, we mean it: 2021 ESAs, 2021 Fire Inspections, licensed with the City of London, completely rented until April 30th 2022. Between both semis, there are 10 bedrooms, 5 bathrooms, 2 kitchens, parking for 6. New, fixed term leases beginning May 1st 2021: 593 Talbot is rented May 1st 2021 to April 30th 2022 for $650 x 5 bedroom ($3,250/unit) plus utilities. 595 Talbot $600 x 5 bedroom ($3,000/unit) plus utilities (returning group for 3rd year there: rented under current market value.) That is a yearly income of $75,000. Landlord pays property tax and insurance ONLY. No vacancies in the past 6 years. Water tanks are owned. Well-kept property with many updates over the years: steel roof (2016), 2 rear exterior doors (2016), fence along rear of parking lot (2018), brick repointing (2019), rear eavestroughs (2021), custom front railings (2021). #593 interior updates: kitchen (2016), laundry room (2016), new main level flooring (2018), upstairs bathroom (2019), 2 windows (2020), several light fixtures (2021). #595 interior updates: Main floor bath (2018), Laundry room (2018), newer dishwasher, washer, and dryer. Zoned OC4 R3-1 : Office Conversion Zone & Residential R3. This is a great investment to add to any portfolio!, Directions:South on Talbot Street from Oxford St E. Just south of Central Ave on the West side of the street., Exclusions:tenants belongings

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Property Details

Property Type Detached
Property Style 2 Storey
Square Feet 4001 to 5000
Property Tax $N/A
Maintenance N/A
Days On Our Website 6
Basement
Kitchens 2
Garages
Pool None
Fireplaces
Air Conditioning No
Heating Other - Other
Exterior Brick
Garage Type N/A
Sewers Sewer (Municipal)
Water Municipal

Listing Office: THE REALTY FIRM INC.

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