EXCELLENT INVESTMENT OPPORTUNITY! Six-plex multi-family dwelling located in a good location on a city bus route and Highway #7 (to London). Largest front apartment is currently vacant so buyers can set their own rent or occupy unit themselves. Building was originally a single family home built in 1880 but was rebuilt in the eighties and an addition was added at rear which houses the four one-bedroom units. The front half of the roof was done in 2023, but the sellers are not aware of the age of the back half of the building. Boiler was replaced in 2024 but sellers have no knowledge of age of the furnace. The property was owned by their father's company. He is now deceased and his son and daughter are now the owners. There are six parking spaces, two on the northerly side of building and four on the southerly side. There is a common laundry area with coin-operated washer and dryer. The large front unit has its own laundry hook-ups but there is no washer or dryer included with this unit. All six units include a stove and refrigerator. There are four one-bedroom units with a four-piece bath, all located at the rear of the building in a more recent addition to the original building. There is a two-storey two-bedroom unit with one four-piece bath and one two-piece bath located at the northerly side and a two-storey three-bedroom unit with one four-piece bath and one-two-piece bath located at the front. The side and front units also have basement access and are partially finished. The two larger units are located in the original home but have been updated. Please note that the square footages set out in this listing are an estimate as the sellers have no plans setting out exact measurements. (id:4069)
Address
514 ERIE STREET
List Price
$999,900
Property Type
Multi-family
Type of Dwelling
Other
Area
Ontario
Sub-Area
Stratford
Bedrooms
9
Bathrooms
8
Floor Area
3,500 Sq. Ft.
Lot Size
69 x 132 FT Sq. Ft.
MLS® Number
X11999223
Listing Brokerage
StreetCity Realty Inc.
Basement Area
N/A (Unfinished)
Postal Code
N5A2N6
Zoning
C2
Site Influences
View
Features
Level
