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324 WOLFE ST London East, ON N6B 2C5
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Key Details
Sold Price $1,595,000
Property Type Multi-Family
Sub Type Multiplex
Listing Status Sold
Purchase Type For Sale
Approx. Sqft 5000 +
Subdivision East F
MLS Listing ID X12204886
Style 3-Storey
Building Age 100+
Annual Tax Amount $24,921
Tax Year 2024
Property Sub-Type Multiplex
Property Description
Fabulous Downtown location this purpose-built 8-Plex is Stunning on the corner of Wolfe and Waterloo, minutes from Victoria Park, Richmond row restaurants and the Downtown. Beautiful updated apartments with great reno creating great south-exposure walls of windows for the kitchen and living areas. These well appointed, character-filled 6 large 1 bedroom units and 2 Artsy Studio type units - each with their own hot water tank (new 2024) and Electric A/C air exchange units (2024) - separately metered-Tenants pay their own hydro. The Building is always rented: Current Annual income for 2025 proj. of $147,122.40 with current rents-rare vacancies. (Expenses in 2024 $39,258.87) Solid long-term investment in a quality area with possibility of upside in rent. Fire & Hydro approved and well-kept with great Tenants. Parking for 9 cars (3 unused now). This is a long-term solid investment.
Location
Province ON
County Middlesex
Community East F
Area Middlesex
Zoning OC2, R3-2
Rooms
Bedrooms 8
Bathrooms 8.0
Family Room No
Kitchen 8
Interior
Cooling Wall Unit(s)
Exterior
Exterior Feature Privacy
Parking Features Other, Front Yard Parking, Available
Pool None
Roof Type Shingles
Building
Foundation Unknown, Stone
New Construction false
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