197 Barker Street, London East, ON N5Y 1Y2 (Cheapside)

Price : $729,900.00 , MLS®# : X13110200

Description

Turnkey triplex in Carling Heights, This solid all-brick property is just minutes from Fanshawe College, Western University, Hospitals, Downtown and multiple bus routes-making it a prime location for strong, consistent rental demand. Offering two spacious 3-bedroom units and one well-designed 2-bedroom lower-level suite, each with separate entrances. Currently fully tenanted with reliable AAA tenants, generating $58,000 in gross annual revenue. Additional investor-friendly features include separate hydro meters, 6 parking spaces, a coin-operated laundry room generating approximately $600 per year. Situated on a generous lot, the property has been well maintained with key updates including a new flat roof (2022), cedar deck (2023), and chimney repair (2022). This is a rare opportunity in a high-demand rental area. Don't miss your chance to own 197 Barker Street!

Location Description

Cheapside

Property Details
  • Community: East C
  • Property Type: Tenant/Residential Freehold
  • Bedrooms: 8
  • Bath: 3
  • Garages: None
  • Annual Property Taxes : $ 6034
Building Features
  • Foundation Type: Concrete
  • Counstruction Material : Brick-Vinyl Siding
  • Total Parking Space : 6
  • Parking Type : None
Building Features
  • Heating : WaterGas
  • Sewer : Sewer ,
Land (Lot Features)
  • Frontage: 67.95 sq.ft
  • Land Depth: 87.71sq.ft
  • Square Footage : 68.12 ft x 102.55 ft x 44.68 ft x 6.52 f

Listing Contracted With: CENTURY 21 FIRST CANADIAN CORP