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593 & 595 Talbot Street London, Ontario N6A 2T2

10 Bedroom 5 Bathroom 4532.7700
2 Level Other

$1,299,900

HUGE INVESTMENT OPPORTUNITY! 2 sides of a semi, 593 and 595 Talbot Street, being sold together. Prime downtown location. When we say turnkey, we mean it: 2021 ESAs, 2021 Fire Inspections, licensed with the City of London, completely rented until April 30th 2022. Between both semis, there are 10 bedrooms, 5 bathrooms, 2 kitchens, parking for 6. New, fixed term leases beginning May 1st 2021: 593 Talbot is rented May 1st 2021 to April 30th 2022 for $650 x 5 bedroom ($3,250/unit) plus utilities. 595 Talbot $600 x 5 bedroom ($3,000/unit) plus utilities (returning group for 3rd year there: rented under current market value.) That is a yearly income of $75,000. Landlord pays property tax and insurance ONLY. No vacancies in the past 6 years. Water tanks are owned. Well-kept property with many updates over the years: steel roof (2016), 2 rear exterior doors (2016), fence along rear of parking lot (2018), brick repointing (2019), rear eavestroughs (2021), custom front railings (2021). #593 interior updates: kitchen (2016), laundry room (2016), new main level flooring (2018), upstairs bathroom (2019), 2 windows (2020), several light fixtures (2021). #595 interior updates: Main floor bath (2018), Laundry room (2018), newer dishwasher, washer, and dryer. Zoned OC4 R3-1 : Office Conversion Zone & Residential R3. This is a great investment to add to any portfolio! (id:38039)

Property Details

MLS® Number 40091920
Property Type Single Family
Amenities Near By Hospital, Park, Public Transit, Shopping
Communication Type High Speed Internet
Equipment Type None
Features Park Setting, Park/reserve, Paved Driveway, Sump Pump
Parking Space Total 6
Rental Equipment Type None
Structure Porch

Building

Bathroom Total 5
Bedrooms Above Ground 10
Bedrooms Total 10
Architectural Style 2 Level
Basement Development Unfinished
Basement Type Partial (unfinished)
Constructed Date 1880
Construction Style Attachment Detached
Exterior Finish Brick
Fire Protection Smoke Detectors
Fireplace Present No
Fixture Ceiling Fans
Foundation Type Brick
Half Bath Total 1
Heating Type Other
Stories Total 2
Size Interior 4532.7700
Type House
Utility Water Municipal Water

Land

Access Type Road Access, Rail Access
Acreage No
Fence Type Partially Fenced
Land Amenities Hospital, Park, Public Transit, Shopping
Sewer Municipal Sewage System
Size Frontage 45 Ft
Size Total Text Under 1/2 Acre
Zoning Description Oc4 R3-4

Rooms

Level Type Dimensions
Second Level 3pc Bathroom 8'10'' x 7'90''
Second Level Dining Room 15'10'' x 13'0''
Second Level Kitchen 14'50'' x 9'10''
Second Level Bedroom 13'30'' x 10'90''
Second Level Bedroom 39'8'' x 39'8''
Second Level 5pc Bathroom 9'70'' x 7'50''
Second Level Den 9'70'' x 9'70''
Second Level Bedroom 13'40'' x 10'60''
Second Level Bedroom 13'60'' x 12'90''
Second Level Bedroom 20'80'' x 12'11''
Main Level 4pc Bathroom 8'70'' x 5'20''
Main Level Laundry Room 10'20'' x 9'80''
Main Level Family Room 13'80'' x 11'0''
Main Level Bedroom 11'30'' x 9'90''
Main Level Bedroom 13'20'' x 9'90''
Main Level Bedroom 14'70'' x 13'20''
Main Level Bedroom 13'10'' x 12'60''
Main Level Bedroom 14'40'' x 13'10''
Main Level 2pc Bathroom 5'0'' x 4'50''
Main Level 3pc Bathroom 9'20'' x 2'90''
Main Level Laundry Room 13'50'' x 9'10''
Main Level Living Room 13'80'' x 13'70''
Main Level Kitchen 16'60'' x 13'50''

Utilities

DSL* Available
Electricity Available
Natural Gas Available

https://www.realtor.ca/real-estate/23019530/593-595-talbot-street-london

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