324 Hill Street

  • Status Active
  • City London, ON
  • Property Type Residential
  • Bedrooms 7
  • Bathrooms 6
Listing Price: 1,600,000
Property Details

WELCOME TO 324 HILL STREET


More Photos and Video Walkthrough Available Upon Request


Amazing opportunity to own a turn-key, almost fully renovated and separately metered 6-unit building with a rented garage with hydro as well! All five of the one bedroom one bathroom units have been completely renovated with similar finishes; All new white shaker cabinets, quartz countertops, over-the-range microwaves & new appliances, stainless steel sinks, bathroom toilets & vanities, luxury vinyl flooring, tiled showers with luxury glass sliding doors, closet doors, upgraded outlets & light switches, new light fixtures, new door handles, coded doors, new windows, new trim, and fresh paint on the ceiling and walls! The only unit awaiting your finishing touch is a two bedroom one bathroom unit, currently rented below market value, which will be available vacant July 1, allowing you to instantly add value to your investment!

The building itself received plenty of upgrades as well; insulation blown into the attic, new wooden deck/stairs in back with storage, new soffits and fascia, new roof on garage, new entry door on garage, luxury vinyl throughout the hallways, coded entry, security cameras, boiler parts recently replaced, and a new wooden garbage shelter! The owners took great pride in ownership; tenants are A++ young professionals and were well screened, they all pay promptly via e-transfer the first of every month or sooner.

 

Operating Income: $83,716.44

Operating Expenses: $14,373.72

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