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Paul Merritt
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181-187 Marconi Boulevard

Beds 8
Baths 4
MLS® Number 40176228

$749,900

Status Active
City London
County Middlesex
Listing Type Residential Income
Postal Code N5V 1A6
Driveway Spaces 8.00
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Rare opportunity to purchase this purpose built all brick one floor 4-plex. Fantastic set up with 4 separate units, each with their own outside entrance and each will full basement. All units completely self contained and with plenty of parking and private outdoor space. Tenants pay heat and hydro. Landlord only pays water and hot water heater rental as well as insurance and taxes. 2 of the units rented for 630 per month (well under market rents) and 3rd unit at 1200 per month and owner-occupied unit will stay and pay $1500 per month. All rents are month to month. Updates include: new steel roof in 2015, updated electrical in 3 of 4 units in 2013 & 2012, driveway repaved in 2014, central air in owner unit only(#185) in 2012, newer windows in owner unit (#185) in 2012, furnaces replaced in 2013, 2016, and 2018, new soffitts and eaves in 2017. Don’t miss this opportunity as a great investment or for owner occupation and have the tenants pay all your expenses. Note: Tenants own all appliances.
Directions Clarke Road/Trafalgar head east to Marconi Blvd, Right turn, property on Right Side of street.

Interior

Basement Type Full Basement
Heating Forced Air,gas
Interior Features Separate Heating Controls,separate Hydro Meters
Square Feet 2765.76 SqFt
Cooling Central Air
Laundry Feature In-suite

Exterior

Acres Range < 0.5
Construction Materials Brick
Foundation Poured Concrete
Lot Size Acres 0.3260
Other Structures Fence - Partial,Shed
Parking Spaces Total 8
Roof Metal

Additional Information

Appox Age 51-99 Years
Area Influences Park,Place of Worship,Playground Nearby,Public Transit,Schools,Shopping Nearby
Common Interest Freehold/none
Septic/Sewer Sewer (Municipal)
Water Source Municipal
Property Attached Detached
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Paul Merritt

Sales Representative

RE/MAX Centre City Realty Brokerage, Inc.