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$ 328,000

201-203 Wellington Street, London, ON, N6B 2K9

Listing ID# 102609
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$ 328,000

  • 201-203 Wellington Street
    Central London, London, ON N6B 2K9
  • Listing ID 102609
  • Building Type: Multi-Family
  • Stories: 2.00
  • Space: 0
  • Status: For Sale/Active
  • Days on Market: 93
  • Tax Year: 2016
  • Age of Building (yrs): 0
  • Parking Spaces: 2
  • Drive: Mutual/Shared
  • Garage: 0.0
  • Heating: Forced Air-Gas
  • Laundry: 0
  • Rooms: 0
  • Exterior: Brick
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Property Description

Investor's dream! Building with two commercial and two residential units just steps from downtown London. On the main floor the two commercial units feature great open space, each with their own washrooms. Both commercial units have separate entrances with great exposure on the busy Wellington St. The upper floor boasts a recently renovated bachelor and 1 bedroom unit. In front of the building is plenty of paid parking as well as two private parking spaces in the back of the building. This is a fantastic opportunity for any investor or a new business owner wanting to live and work in the same building and reap the tax benefits! Commercial unit is currently leased out for a conservative $950 with a long time tenant, the 1 bedroom for $750 and the bachelor for $650. Showings only Monday-Friday 12-5 pm with 24 hour notice.



Listing courtesy of CENTURY 21 FIRST CANADIAN CORP


Demographics

Central London Property Overview
74%Rent 26%Own
  • Detached 1,833
  • Duplex 761
  • Semi-Det. 399
  • Low-Rise 119
$ 292 k

Average Home Price in Central London

50 years

Average home age in Central London

Household Size
7,745Non-family 3,508One-family 26Multi-family
Household size (# people)
  • 17,106
  • 22,980
  • 3780
  • 4-5376
  • 6+38
Household Income in Central London
83.4%Employed 11.3%Unemployed 5.3%Self-Employed
  • White Collar 6,722
  • Blue Collar 3,310
$ 55 k

Average income

39 years

Average age

Education
  • Certificate, diploma, degree 17,421
  • High School 5,101
  • College 4,185
  • No Certificate 3,002
  • Apprenticeship 1,291
Marital Status in Central London
60%Single 20%Married 20%Other
Age groups
  • 0-1912%
  • 20-2929%
  • 30-4931%
  • 50+28%

Points of interest and Comparables - Central London

top

$218,798*

average price

-3.33%

market trend

* - average price based on 106 comparable properties in the neighbourhood
# date listed bed/bath
1 11/21/2017 $328,000
2 10/24/2017 $749,000
3 12/2/2017 $449,900
4 10/24/2017 $13
5 10/24/2017 $10
6 1/18/2018 $06
7 2/16/2018 $3,200
8 10/24/2017 $17
9 10/24/2017 $17
10 2/17/2018 $299,000
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House
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Open house
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2635 Bateman Trail, London, ON
Open house
House
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  • 6 schools
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New
House
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467 Dundas Street, London, ON
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