$825,000
For sale: Multiplex

Renovated 4-unit with cap rate of 7.9%. Gross annual income of $72,840. Suite breakdown 4x 2bedrooms. Building features revitalized common areas, renovated units and restored front entrance portico. Separate Gas & Hydro meters. Windows replaced (2022). Laundry on site, 5 Parking spaces. 8 min drive to Western University, and short walk away from local amenities. TOURS TO SEE ALL UNITS: Sunday, September 27th from 3:00 PM to 5:00 PM. Please confirm Attendance.
Sold data
Multiplex homes in London South (South S) took a median of 40 days to sell over the last 365 days, with the quickest quarter selling within 21 days and the slowest quarter taking more than 76, across 115 recorded sales.
That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 113 days.
The median sale price was $599,900.
Homes sold for about 3.9% below asking on average, so there was room to negotiate.
About 14% of sales closed above the list price.
Around 28% of sellers reduced their price before finding a buyer.
Based on 115 recorded sales in the last 1 year. Aggregate statistics only; individual sale prices are not shown.
Schools
London South (South S) has 116 Fraser Institute–rated schools (97 elementary and 19 secondary), averaging 5.5/10.
School ratings from the Fraser Institute's Ontario school report cards.
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