Well maintained 2.5 storey, 11 unit walk up apartment building in an established residential area close to downtown. Property Size: 0.25 acres. Official Plan: Multi-family, High Density Residential; Open Space. Development potential. Building consists of 11 - 1 bedroom, 1 bathroom units, all of similar size and layout. 8 units have been renovated and feature a dishwasher. There are 3 apartments on the lower level along with the laundry room and tenant storage and 4 units on each of the upper floors. 12 on site surface parking spots. Coin operated laundry on site, with 2 owned washers and dryers. Individual tenant storage lockers in the basement. Separate hydro meters. Current NOI: $120,842.64, Projected NOI: $157,005.00. Roof (TPO) replaced 2020. 2 Boilers with storage tanks for domestic hot water replaced approximately 10 years ago. Close proximity to the downtown core, the Thames River, walking trails and public transit. Zoning: R10-3*H30. (id:52373)
| Business Type | Residential |
| Business Sub Type | Apartments |
| MLS® Number | X12377866 |
| Property Type | Multi-family |
| Community Name | East F |
| Amenities Near By | Public Transit |
| Parking Space Total | 12 |
| Age | 51 To 99 Years |
| Heating Fuel | Natural Gas |
| Heating Type | Other |
| Size Interior | 9,750 Ft2 |
| Type | Multi-family |
| Utility Water | Municipal Water |
| Acreage | No |
| Land Amenities | Public Transit |
| Size Depth | 150 Ft ,8 In |
| Size Frontage | 62 Ft ,1 In |
| Size Irregular | 0.262 |
| Size Total | 0.262 Ac |
| Size Total Text | 0.262 Ac |
| Zoning Description | R10-3*h30 |
https://www.realtor.ca/real-estate/28806558/575-ridout-street-n-london-east-east-f-east-f
Contact us for more information
Bradley Gleed
Broker of Record
(519) 872-8326
Nick Jaremko
Salesperson
(519) 872-8326
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