SoldDetached

1524 MARDELL Place

Name: 1524 Mardell Place - Sold Dec 2023
Brand: PC275 REALTY INC.
Price: 500000 CAD
Availability: SoldOut

London East - East H

1524 Mardell Place

London East - East H

$544,999

Sold For$500,000

Listed For $534,900

Sold Dec 2023

3 + 2 Bedrooms Bedrooms

3 Bathrooms Bathrooms

1 Garage Garage

Description

This FULLY LICENSED rental property has great cash flow with A+++ tenants of young professionals! Total cash flow is $3,500 ($650 x 3 and $675 x 1 and $625 x1- no car). All 5 bedrooms rented until August 31, 2024, see rent roll attached + $250/month for extra parking + garage. Garage has hydro. It has 2.5 bathrooms and is fully renovated. Roof is 2016 and water heater is owned. Great location close to Fanshawe college and the 401. Total annual GCI $42,000.

Key facts for 1524 MARDELL Place

Tax$2,972.62 / 2022

Property TypeDetached, 1 1/2 Storey

Lot Size103.5 x 50 Acres

Size700-1100 ft²

ParkingDetached 1 Spaces, Total 7 Spaces

Parking FeaturesPrivate Double, Other, Reserved/Assigned

BasementFinished, Full

Listing #X7467902

Days on Market--

Listing BrokeragePC275 REALTY INC.

Data SourcePROPTX

Inquire with Realtris

(866) 511-7171

info@realtris.ca

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Cash Flow Analysis

Est. Mortgage Payment

$2,612/mo

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Maint. / Fees

Est. Rental Income

$5.4% net yield

Net Monthly Cash Flow$41

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