8 Beds 8 Bath

324 WOLFE Street, London East, ON N6B 2C5

London East N6B 2C5 Ontario

MLS: X12204886

$1,799,000

Added 4 hours ago | For Sale

Listed by: TEAM GLASSER REAL ESTATE BROKERAGE INC.

About Property

Fabulous Downtown location this purpose-built 8-Plex is Stunning on the corner of Wolfe and Waterloo, minutes from Victoria Park, Richmond row restaurants and the Downtown. Beautiful updated apartments with great reno creating great south-exposure walls of windows for the kitchen and living areas. These well appointed, character-filled 6 large 1 bedroom units and 2 Artsy Studio type units - each with their own hot water tank (new 2024) and Electric A/C air exchange units (2024) - separately metered-Tenants pay their own hydro. The Building is always rented: Current Annual income for 2025 proj. of $147,122.40 with current rents-rare vacancies. (Expenses in 2024 $39,258.87) Solid long-term investment in a quality area with possibility of upside in rent. Fire & Hydro approved and well-kept with great Tenants. Parking for 9 cars (3 unused now). This is a long-term solid investment. Please call to arrange showings (fully rented so please allow at least 24 hours). All questions call Christine Crncich, 519 670-6989.

Features

  • House Style:Multiplex
  • Bathrooms:8
  • Land Size: 99.67 X 53
  • Water:Municipal
  • Garage Spaces: /None
  • Driveway:
  • Heating Fuel:Gas
  • Cross Street:N/W CORNER OF WOLFE ST. AND WATERLOO ST IN BEAUTIFUL RICHMOND ROW/VICTORIA PARK AREA OF UPTOWN LONDON
  • Basement:Full,Finished with Walk-Out , Full,Finished with Walk-Out
  • Possession Date:Flexible-1st of a month
  • Annual Property taxes: $24921.87
  • Bedrooms:8
  • Total Parking Spaces:9
  • Parking Places:9
  • Heating Type:Water
  • Pool Type:None
  • Exterior:
  • Direction Facing:North
  • Front Footage:
  • Listing ID:X12204886

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