340 Hill Street

Welcome to this splendid Multi-Family Home for sale in London , situated at 340 Hill Street, London. This well-maintained multiplex is a fantastic investment opportunity, nestled at the corner of Hill Street and Wellington Street in the vibrant community of East K, Middlesex. With its prime location and ample features, this property is a must-see for anyone looking to invest in a multi-family residence.

This impressive three-storey building boasts a total of 12 bedrooms and 6 bathrooms, making it an ideal choice for those seeking a spacious living arrangement. The property comprises six units, including one 1-bedroom unit, four 2-bedroom units, and one generous 3-bedroom unit. The layout is designed for comfort and convenience, with a total of 24 rooms that cater to various living needs. Each unit is equipped with its own kitchen, providing residents with the independence they desire. However, it’s worth noting that there is no additional kitchen or family room in the property, but the existing kitchens are more than adequate for everyday cooking and dining.

The exterior of this Multi-Family Home for sale in London is crafted from sturdy brick, ensuring durability and a classic aesthetic that blends well with the surrounding architecture. The lot measures 66 by 33 feet, providing ample space for the building while also allowing for a reserved/assigned driveway that accommodates parking for up to 9 vehicles. Although there is no garage space available, the dedicated parking arrangement is a significant advantage in this bustling area.

Inside, the property is unfurnished, allowing new owners to personalise the space to their liking. The heating is provided by a forced air system, ensuring that the units remain warm and inviting during the colder months. While there is no central vacuum system or fireplace, the property does benefit from window unit air conditioning, making it comfortable during the warmer seasons. Additionally, the property is connected to municipal water and sewer services, ensuring a hassle-free living experience.

One of the standout features of this Multi-Family Home for sale in London is the on-site coin laundry, which adds a layer of convenience for residents. With the current net operating income (NOI) at £77,222.94, there is significant potential for growth, as the current rents are below market value. The 3-bedroom unit, which will be vacant upon possession, is expected to rent for £1,800 per month, presenting an excellent opportunity for new owners to increase their rental income.

The property is strategically located across the street from a new mixed-use housing development on South Street, which is indicative of the ongoing growth and development in the area. The proximity to Wellington Road and various transit options makes it an attractive location for tenants, while being within walking distance to downtown London adds to its appeal.

In summary, this Multi-Family Home for sale in London at 340 Hill Street, London, offers a remarkable investment opportunity in a thriving community. With 12 bedrooms, 6 bathrooms, and a total of 24 rooms, this property is designed for both comfort and practicality. The combination of its prime location, ample parking, and potential for increased rental income makes it a standout choice for investors looking to make their mark in the London property market. Don’t miss out on this chance to own a piece of East K – schedule a viewing today and explore the possibilities that await you at this exceptional multi-family home!

East K, or East Kilburn, is a vibrant and diverse area located in the north-west of London, characterised by its mix of residential streets, local shops, and green spaces. The neighbourhood boasts a rich cultural tapestry, with a variety of eateries and markets reflecting the multicultural fabric of the city. Conveniently situated near excellent transport links, including the Jubilee Line, residents enjoy easy access to central London and beyond. The area is also home to several parks, providing a welcome retreat from urban life. With a blend of historic and modern architecture, East K offers a unique living experience for those seeking the lively atmosphere of London while enjoying a sense of community.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, catering to a range of academic needs. For elementary education, Aberdeen Public School, just 0.8 km away, serves grades JK to 8 under the Thames Valley District School Board, though it has a lower school rating of 1.5. Another option is Lord Roberts Imm. French Public School, located 1.5 km away, which offers French language instruction for grades 1 to 8, but it has a rating of 0. St. Martin Catholic School, also 1.5 km from the property, provides Catholic education for JK to 8, but similarly has a rating of 0. For secondary education, H.B. Beal Secondary School, only 1.1 km away, boasts a strong rating of 5, serving grades 9 to 12. Sir Wilfrid Laurier Secondary School, located 4.3 km away, offers French instruction and has a rating of 5.1. Additionally, Catholic Central High School, also 1.1 km away, serves grades 9 to 12 but has a rating of 0. Overall, the area offers a mix of educational options, though some schools may require further consideration based on their ratings.