451 Hamilton Road

Introducing a remarkable opportunity in the heart of London! This Multi-Family Home for sale in London , located at 451 Hamilton Road, London, is a splendid investment prospect that you simply cannot overlook. The current owner has decided to sell, having maximised the potential of this property, and architectural plans are available that detail how to further increase income. This is a prime chance for the next investor to step in and reap the benefits of a fully leased 4-unit income property.

Nestled in the vibrant community of East L, this multiplex building boasts a classic 2-storey design, constructed with a durable combination of brick and aluminium siding. The property features a generous lot size of 41 X 132 feet, and while it does not include a garage, there is a private driveway that accommodates up to five parking spaces. This is particularly advantageous, as the property currently generates a robust income of $5,350 per month from rent, plus an additional $100 monthly from parking fees. The income potential here is substantial, making this Multi-Family Home for sale in London an enticing prospect for savvy investors.

The layout of the property is designed to cater to a variety of tenants. It comprises a spacious 2-bedroom unit, two bachelor apartments, and a 1-bedroom unit, totalling four separate living spaces. With a total of ten rooms, including three additional rooms, this property is well-equipped to meet the demands of the rental market. Each unit is furnished with its own kitchen, including three kitchens in total, ensuring that tenants enjoy the convenience of self-sufficient living. The absence of a family room may be noted, but the well-designed spaces more than compensate for this, providing ample room for comfortable living.

In terms of amenities, this Multi-Family Home for sale in London is fitted with wall unit air conditioning, ensuring that residents stay cool during the warmer months. The heating is provided by a forced air system, and the property is connected to municipal water and sewer services. While there is no central vacuum system or fireplace, the finished basement offers additional potential for storage or future enhancements. The property, with its 100+ years of age, carries a certain charm and character that can be appreciated by both residents and investors alike.

The location of 451 Hamilton Road, London, is another significant selling point. Situated in a thriving area, the property is conveniently close to parks, schools, shopping centres, and public transport links. This accessibility enhances the appeal of the property, ensuring strong tenant demand and long-term growth potential. The seller is more than willing to discuss the necessary steps to unlock the full potential of this investment, making it an even more attractive option for prospective buyers.

As an added bonus, income details, lease agreements, and lists of recent upgrades are readily available upon request. This transparency is indicative of the seller's commitment to ensuring a smooth transition for the next owner. Don’t miss out on this rare opportunity to acquire a Multi-Family Home for sale in London that promises immediate returns and significant growth potential.

In summary, 451 Hamilton Road, London, is not just a property; it’s an investment in your future. With its solid income generation, strategic location, and potential for further development, this Multi-Family Home for sale in London is poised to be a lucrative addition to any property portfolio. Reach out today to learn more about this exceptional opportunity!

East London is a vibrant and diverse area known for its rich cultural tapestry and dynamic atmosphere. Characterised by a mix of historic neighbourhoods and modern developments, it boasts an array of parks, markets, and artistic venues, making it an exciting place to live. Areas like Shoreditch and Hackney are renowned for their trendy cafes, eclectic shops, and thriving nightlife, while places like Stratford offer excellent transport links and shopping options, including the expansive Westfield centre. The community is well-connected, with numerous transport links to central London, making it ideal for commuters. With a blend of cultures, cuisines, and a strong sense of local identity, East London presents a unique living experience that appeals to a wide range of residents.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, catering to families with children of all ages. Just 0.4 km away is Trafalgar Public School, an elementary school offering grades JK to 8 under the Thames Valley District School Board. Additionally, B. Davison Secondary School is only 0.3 km from the property, providing education for grades 9 to 12. For families seeking French language instruction, Princess Elizabeth Public School, located 1.5 km away, boasts a commendable school rating of 4.6 and serves grades 1 to 8. Sir Wilfrid Laurier Secondary School, also offering French instruction for grades 9 to 12, is situated 3.9 km from the property and has an impressive rating of 5.1. Furthermore, St. Sebastian Catholic School, a Catholic institution for grades JK to 8, is 1.9 km away, along with Catholic Central High School for grades 9 to 12, also at 1.9 km. This diverse array of schools ensures that residents have access to quality education options, making it an ideal location for families looking to settle in a vibrant community.

Key Statistics of the Neighbourhood

The area surrounding the property has a population of 491 residents, with an average household size of 2.1 individuals. The community's demographic profile reveals an average age of 40.4 years and a household income of approximately $63,200. Notably, 24% of the population is classified as low-income, highlighting economic challenges within the community. The average property price in the area is $316,000, which may appeal to potential buyers. A significant portion of the population, 60.71%, is single, while 39.13% of households include children, indicating a mix of family structures. The area also has a diverse population, with 16.16% of residents being immigrants. Half of the households are renters, reflecting a rental-friendly environment, and there are no condominiums available in the area. Education levels are relatively high, with 40.7% of residents holding a college or university degree. However, 27.91% of the population is not in the labor force, which may affect local economic dynamics. Overall, this community presents a blend of demographic characteristics that may attract a variety of residents, from families to young professionals.