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500-502 Colborne St

5 Unit Apartment Building $987,675 USD ($197,535 USD/Unit) London, ON N6B 2T5

Apartment Buildings Ontario London 500-502 Colborne St, London, ON N6B 2T5

Executive Summary

Introducing a lucrative investment opportunity in the heart of the city! 500/502 Colborne is a 5 unit multi-family property\r\nand a dream come true for savvy investors seeking to maximize their returns. With a prime location, this property is nestled\r\nin a sought-after Woodfield neighbourhood, offering a turnkey investment with prime rents, in a thriving rental market.\r\nFeaturing a well-maintained and updated exterior this property has great curb appeal that allows parking for up to 6 cars.\r\nThe property comprises 5 spacious, well designed units with open-concept layouts. Tenants can enjoy easy access to a wide\r\nrange of amenities, including shopping, dining, and entertainment options. On site laundry, eliminating the need for off-site laundry trips. 500 Colborne : Unit 1 $1659.98+ hydro Unit 2 $1396+ hydro(rental\r\nincrease to $1430 Aug. 1st) Unit 3 $1515+ hydro. 502 Colborne : Unit 1 $2000+ hydro and gas (rental increase to $2050\r\nJune 1st) Unit 2 $1634+ hydro and gas

Property Facts

Price $987,675 USD Apartment Style Low Rise
Price Per Unit $197,535 USD Building Class C
Sale Type Investment Building Size 5,500 SF
No. Units 5 No. Stories 3
Property Type Multifamily Year Built 1990
Property Subtype Apartment
Price $987,675 USD
Price Per Unit $197,535 USD
Sale Type Investment
No. Units 5
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Building Size 5,500 SF
No. Stories 3
Year Built 1990

Unit Amenities

  • Air Conditioning
  • Heating
  • Kitchen
  • Refrigerator
  • Oven
  • Tub/Shower

Site Amenities

  • 24 Hour Access
  • Controlled Access
1 of 1
Walk Score ®
Very Walkable (87)
Transit Score ®
Excellent Transit (71)
Bike Score ®
Very Bikeable (70)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores
  • Research In Progress
    Research In Progress
  • Research In Progress

  • Listing ID: 32185786

  • Date on Market: 6/19/2024

  • Last Updated:

  • Address: 500-502 Colborne St, London, ON N6B 2T5

The Multifamily Property at 500-502 Colborne St, London, ON N6B 2T5 is currently available For Sale. Contact Research In Progress for more information.

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500-502 Colborne St

500-502 Colborne St

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