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500-502 Colborne St
5 Unit Block of Flats £772,807 (£154,561/Unit) London, ON N6B 2T5
Executive Summary
Introducing a lucrative investment opportunity in the heart of the city! 500/502 Colborne is a 5 unit multi-family property\r\nand a dream come true for savvy investors seeking to maximize their returns. With a prime location, this property is nestled\r\nin a sought-after Woodfield neighbourhood, offering a turnkey investment with prime rents, in a thriving rental market.\r\nFeaturing a well-maintained and updated exterior this property has great curb appeal that allows parking for up to 6 cars.\r\nThe property comprises 5 spacious, well designed units with open-concept layouts. Tenants can enjoy easy access to a wide\r\nrange of amenities, including shopping, dining, and entertainment options. On site laundry, eliminating the need for off-site laundry trips. 500 Colborne : Unit 1 $1659.98+ hydro Unit 2 $1396+ hydro(rental\r\nincrease to $1430 Aug. 1st) Unit 3 $1515+ hydro. 502 Colborne : Unit 1 $2000+ hydro and gas (rental increase to $2050\r\nJune 1st) Unit 2 $1634+ hydro and gas
Property Facts
| Price | £772,807 | Apartment Style | Low Rise |
| Price Per Unit | £154,561 | Building Class | C |
| Sale Type | Investment | Building Size | 5,500 SF |
| No. Units | 5 | Number of Floors | 3 |
| Property Type | Residential | Year Built | 1990 |
| Property Subtype | Apartment |
| Price | £772,807 |
| Price Per Unit | £154,561 |
| Sale Type | Investment |
| No. Units | 5 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Building Size | 5,500 SF |
| Number of Floors | 3 |
| Year Built | 1990 |
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
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Walk Score ®
Very Walkable (87)
Transit Score ®
Excellent Transit (71)
Bike Score ®
Very Bikeable (70)
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500-502 Colborne St
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