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288 South St 0.43 Acres of Residential Land Offered at $2,402,236 USD in London, ON N6B 1B7
Investment Highlights
- The offering includes eight condo-titled townhouse units for sale across two two-storey buildings, presenting a fully leased, cash-flowing investment
- The property benefits from proximity to Downtown London’s restaurants, shopping, and services, with nearby parks and Thames River pathways.
- The site is located in a fringe core location at South Street and Wellington Street, just north of the Thames River.
Executive Summary
8 Condo-Titled Townhouse Units available for Sale in 2 two storey buildings. Fully leased, cash flowing opportunity. 7three-bedroom units and 1 two-bedroom unit, with the front building containing three units and the rear building containing five units. The main floor features a living room, kitchen and a 2-piece washroom. The second floor includes the bedrooms and a 3-piece washroom. The basement is partially finished with a finished open space and a utility room. Units have been upgraded as tenants have turned over. Upgraded units are modern with neutral colours, and feature laminate flooring, and modern fixtures. The units include sliding patio doors from the kitchen space to outdoor greenspace. 15 parking spaces are located at the Property. Each unit includes a washer, dryer, fridge, oven, and dishwasher that are all owned by the Landlord. Water Heaters are rented through Reliance with the tenants being responsible for the rental cost. The units feature central air conditioning, natural gas furnaces, and 100 amp electrical service. Garbage removal is handled by the City of London. The properties have been well maintained and the roof was replaced in 2009.The Property is located in fringe core location at South Street and Wellington Street, just north of the Thames River. 288 South Street offers access to required residential amenities, including Downtown London's restaurants, shopping, and services. Recreational opportunities are available at nearby parks and along Thames
Property Facts
| Price | $2,402,236 USD | Property Type | Land |
| Sale Type | Investment | Property Subtype | Residential |
| No. Lots | 1 | Total Lot Size | 0.43 AC |
| Zoning | R5-6 - Residential | ||
| Price | $2,402,236 USD |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Total Lot Size | 0.43 AC |
| Zoning | R5-6 - Residential |
1 Lot Available
Lot
| Price | $2,402,236 USD | Lot Size | 0.43 AC |
| Price Per AC | $5,586,595.76 USD |
| Price | $2,402,236 USD |
| Price Per AC | $5,586,595.76 USD |
| Lot Size | 0.43 AC |
1 1
Moderately walkable
70/100
Moderately drivable
60/100
Good public transit
60/100
Exceptionally bikeable
90/100
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288 South St
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