An exceptional multi/residential property located in the north end of London, Ontario. This offers investors a chance to compliment an existing_ portfolio or achieve geographic diversification with this turn-key asset. This site has been professionally upgraded with 30 suites in this four storey apartment building with an elevator. 660 Cheapside St. presents a unique value-added opportunity with renovated high end finishes, all with large balconies. A party room/lounge, a gym and both front door and underground parking. Luxury finishes include fireplaces, ceramic tile, laminate floors, all new lighting and carpeted bedrooms. All the units have stainless steel appliances (stove, fridge, dishwasher, washer and dryer). Building is comprised of 15 - 1 bedroom apartments, 7 - 2 bedroom, 6 - 2 bedroom loft apartments and 2 - 3 bedroom apartments. Controlled entry both front door entrance and underground parking. Excellent location in a mature residential area within walking distance to shopping and all your essential needs. Close to playground, schools, churches, and tennis courts. Pride of ownership throughout this investment. Gross income over $659,000.00
Address
660 Cheapside Street
List Price
$9,998,000
Property Type
Residential Freehold
Type of Dwelling
Multiplex
Style of Home
Other
Area
London East
Sub-Area
East C
County
Middlesex
Bedrooms
47
Bathrooms
30
Floor Area
3500 - 5000 Sq. Ft.
Lot Depth
180.41
Lot Size Units
Feet
Lot Width
156.66
Approx. Age
51 - 99 Years
MLS® Number
X12258580
Listing Brokerage
SUTTON GROUP - SELECT REALTY
Basement Area
Partially Finished
Postal Code
N5Y 3Y2
Parking Places (Total)
48
Tax Amount
$71,414.00
Tax Year
2025
Exterior Features
Controlled Entry
Interior Features
Intercom, Separate Hydro Meter, Water Heater
Property Features
Hospital, Park, Public Transit, School
Heat Source
Gas
Heat Type
Water
Cooling Features
Wall Unit(s)
Construction Materials
Brick
Direction Faces
North
Fireplace
Yes
Fireplace Features
Electric, Living Room
Foundation Details
Concrete
Garage Type
Other
Kitchens Total
30
Pool Features
None
Roof
Asphalt Shingle
Waterfront
No
Sewer
Sewer