Description

Price : $629,000.00 MLS^® : X12188505 / 1598 HANSULD Street, London East, ON N5V 1Y5

Fantastic location walking distance to/from Fanshawe College! This five bedroom bungalow is fully leased and is an ideal investment property you have been looking for. Fully licensed with the city this property is being leased at $750/month per room and returns immediate cashflow with a cap rate of just under 6%. . The main floor has three good sized bedrooms, a four piece bath, large family room, and a kitchen with lots of storage. Finished basement has two bedrooms, large rec room / living room, laundry room, and a three piece bath. A large patio for entertaining and very private backyard with lots of trees ! Tenants are on lease till April 2026 !

Location Description

Second St and Hansuld

Property Details

• Community: East H
• Property Type: Tenant/Residential Freehold
• Bedrooms: 5
• Bath: 2
• Garages: None
• Annual Property Taxes : $ 3807

Building Features

• Foundation Type: Poured Concrete
• Counstruction Material : Brick-Shingle
• Total Parking Space : 4
• Parking Type : None

Features

• Heating : Forced AirGas
• Sewer : Sewer ,

Land (Lot Features)

• Frontage: 55 sq.ft
• Land Depth: 135sq.ft

Listing Contracted With: CENTURY 21 FIRST CANADIAN CORP