1284 GRAMERCY PARK PL, London ON N5W 2E6 Photo 1 1284 GRAMERCY PARK PL, London ON N5W 2E6 Photo 2 1284 GRAMERCY PARK PL, London ON N5W 2E6 Photo 3 1284 GRAMERCY PARK PL, London ON N5W 2E6 Photo 4

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1284 GRAMERCY PARK PL - Opportunity Knocks! Calling all investors! A rare opportunity to own a purpose built 15 unit apartment building! Consisting of five spacious 2 bedrooms and ten spacious 1 bedrooms for sale in London's up and coming east end neighbourhood. New high efficiency boiler in 2016 and all separately metered, tenants pay hydro.Turn key operation with an exceptional cap rate of 7.8%!! & with room to grow. This building is perfect to add to an existing portfolio or great for first time investors. Easy to manage and on a quiet dead end street that has close access to all amenities and walking distance to many retailers & public transit.

Property Details

  • ID: 143632
  • Status: Active
  • New Construction: No
  • Property ID: 101348522
  • Storeys: 0
  • Estimated Annual Taxes: $22,572
  • Style: Residential
  • Parking Type Description: None 0 cars

Features

District East
Driveway Visitor Parking, Reserved/Assigned, Private Double Wide, Other
Exterior Brick
Features Area Influences Public Transit, Park
Features Interior Smoke Detector, Carbon Monoxide Detector
Fire Protection Smoke Detector, Carbon Monoxide Detector
Foundations Concrete Block
Garage Y/N No
Heat Primary Radiator, Forced Air-Gas
Other Zoning - R9-2, Inclusions - 15 Stoves & 15 Fridges
Property SubType Residential
Property Type Multi-Family
Subdistrict East M
Tax Year 2017
Water Supply Municipal
Listed By Dean Soufan of CENTURY 21 First Canadian Corp., Brokerage*