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$750,000
197 Barker St, London, ON N5Y 1Y2
8 Beds
3 Baths
n/a sqft

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A quiet street near all necessary amenities makes this an ideal location for your tenants in a neighbourhood surrounded by mostly single family and non-rental homes. Tenants clamour for a place like this! Fully rented with quality tenants and a solid return on value. Triplex like these are rare! Units well maintained and well updated with newer windows, a new roof (2018), newer heating and cooling systems, and newer insulation throughout both the attic and walls! Separate hydro meters will give you flexibility in the future around how tenants pay for hydro. Coin operated laundry provides additional income. This turnkey operation is ready for you to take over at any time with easy positive cash flow no matter your financial situation!
  • Price:
  • $750,000
  • Bedrooms:
  • 8
  • Year Built:
  • 1964
  • Listing ID #:
  • 40047053
  • Street Address:
  • 197 Barker St
  • City:
  • London
  • Province:
  • Ontario
  • Postal Code:
  • N5Y 1Y2
  • County:
  • Middlesex
  • Community:
  • East
  • Subarea:
  • East C
  • Listing Status:
  • Active
Schools image

Here are some schools that may be near this home:

Knollwood Park Public School

  • Age Of Dwelling:
  • 51-99 Years
  • Approximate Square Footage Range:
  • 2001 To 3000
  • Building Security:
  • Smoke Detector(s)
  • Construction Description:
  • Brick, Wood
  • Construction Type:
  • Detached
  • Exterior Features:
  • Balcony
  • Foundation Material:
  • Poured Concrete
  • Has Basement:
  • 1
  • Interior Features:
  • Built-In Appliances, Separate Hydro Meters, Water Heater Owned
  • Number Of Units:
  • 3
  • Number Of Units:
  • 3
  • Type Of Roof:
  • Shingles
  • Year Built:
  • 1964
  • Year Built Source:
  • Estimated
  • Annual Utility Expenses:
  • 5796.00
  • Expenses:
  • Actual
  • Net Operating Income:
  • 40927.00
  • Net Operating Income:
  • 53700.00
  • Operating Expense:
  • 12773.00
  • Approximate Lot Size Range Source:
  • Geowarehouse
  • Conforms To Zoning:
  • R3-2
  • Lot Shape:
  • Irregular
  • Topography:
  • Flat
  • Location Description:
  • Urban
  • Street Type:
  • Street
  • Sub Area:
  • East C
  • Property Taxes:
  • $5,568
  • Laundry Description:
  • Coin Operated
  • Number Of Carport Spaces:
  • 2
  • Parking Description:
  • Carport, Private Triple Plus Wide
  • Cooling System:
  • Central Air, Ductless
  • Existing Water:
  • Municipal-Metered
  • Heating:
  • Fireplace-Wood, Gas, Hot Water-Other
  • Sewage Type:
  • Sewer (municipal)
  • Listing provided by Pc275 Realty
  • ONITSO

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