$1,295,000

Triplex

77 Sterling Street, London East, ON

2 DAYS
4+2
3
0
2000-2500
77 Sterling Street, London East, ON N5Y 1Y6 - photo 1 of 2
77 Sterling Street, London East, ON N5Y 1Y6 - photo 2 of 2
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Listed by ROYAL LEPAGE TRILAND REALTY

Property Highlights

Parking

5 spaces

Age

New

Lot Size

6,566 sqft

Style

2-Storey

Basement

Apartment, Separate Entr., Full, Finished

Monthly Cost

$5,468/mo

About This Home

Incredible opportunity for investors or live in with income opportunity!!! This brand new to be built, purpose built triplex features three spacious 2 bedroom open concept units with projected gross annual income of $79,200.00. Situated on a quiet street just 2 minute drive from Fanshawe College, minutes to down town and quick drive to Western University campus. This 3 unit plan features 3,197 sq ft in total lower level 1090 sq ft main level 1011 sq ft and Upper level 1096 sq ft it is also surrounded by many amenities such as Canadian Super Store, LCBO, restaurants, and bus routes. This location offers strong rental demand and minimal vacancy risk, great addition to anyone's investment portfolio. Great opportunity to pick tenants and set your own rent values with three vacant and ready to go units. Features of this build include exterior is finished with upgraded low maintenance vinyl board siding. Del windows, 9 ft ceilings and vaulted ceiling each unit features luxury vinyl plank flooring, making it ideal for rental wear and tear. All 3 units feature full set of stainless steel appliances, mechanical./storage room, separate high efficiency furnaces, tankless hot water tanks, 100 amp electrical panels, separate hydro meters and A/C. Plenty of parking with potential development at the rear of property. (Buyer to verify zoning details and permissions)

Monthly Cost

Monthly Mortgage$5,468
Property Tax (est. $6,475/yr)$540
Total$6,008

Price & Listing History

Schools

Location

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Rooms

Main Level

Primary Bedroom: 3.65m × 3.35m
Bedroom 2: 3.66m × 3.35m
Living Room: 5.36m × 3.71m
Laundry: 2.26m × 2.74m
Kitchen: 3.90m × 3.05m
Dining Room: 3.84m × 3.01m

Lower Level

Primary Bedroom: 4.41m × 3.04m
Kitchen: 3.63m × 3.04m
Living Room: 6.40m × 3.62m

Listing Presented By

iryna.tarabanovska@cirealty.com
CiRealty, Brokerage

CiRealty, Brokerage