635 Grand View AVE new Save Request In-Person Tour Request Virtual Tour
London,ON N6K 3G1
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 2500-3000
Subdivision South K
MLS Listing ID X12048100
Style 2-Storey
Bedrooms 4
Building Age 31-50
Annual Tax Amount $5,420
Tax Year 2024
Property Sub-Type Triplex
Property Description
Wonderful opportunity for investors, multi-generational families and those looking for a mortgage helper in Byron, one of London's most coveted neighborhoods. The cap rate for the property is well above 7%. The main unit would rent between $3,000-$3,500/month based on recent comparables. Two one bedroom units in the basement are currently generating $2,480/month total in rent. Upstairs unit is a 4 bedroom, 3 bathroom home with generous sized rooms, breathtaking cathedral ceilings, built in appliances, a gourmet over-sized chefs fridge, brick fireplace, skylights, custom counter-tops, a gorgeous deck and more. The massive 2 car garage, ample storage throughout the home as well as extra space downstairs in the mechanical room add even more storage for the main unit. This amazing property is merely steps away from Boler Mountain, with the ski lift visible as you come around the bend to pull into home. Close-by parks like Scenic View and Grand View provide all sorts of activities for the outdoor and nature lover in you. With great neighborhood appeal to renters and very few options, this property rents easily and the basement residential units are currently rented below market value. Check out the pictures, take a 3D virtual tour and book your showing today.
Location
Province ON
County Middlesex
Community South K
Area Middlesex
Rooms
Family Room Yes
Basement Apartment,Separate Entrance
Kitchen 3
Separate Den/Office 2
Interior
Interior Features Accessory Apartment,Built-In Oven,Central Vacuum,Countertop Range,Floor Drain,In-Law Suite,Storage,Sump Pump,Upgraded Insulation,Water Heater
Cooling Central Air
Fireplaces Type Natural Gas
Fireplace Yes
Heat Source Gas
Exterior
Exterior Feature Deck,Lighting,Privacy
Parking Features Private Triple
Garage Spaces 2.0
Pool None
Roof Type Fibreglass Shingle
Topography Sloping,Wooded/Treed
Lot Frontage 52.0
Lot Depth 118.0
Total Parking Spaces 5
Building
Unit Features Fenced Yard,Park,School,Skiing,Sloping
Foundation Poured Concrete
Others
Security Features Smoke Detector,Carbon Monoxide Detectors