435 Nelson Street, London, ON

$4,715,000

Previous Next

23

Beds

23

Baths

18,000

Square feet

0.62

Acres

About 435 Nelson Street

Rare opportunity to acquire a value-add 23-unit apartment building in the fastest growing city in Ontario, and within SoHo, a neighbourhood undergoing rapid intensification and gentrification. Located next to the new 1200+unit developments on the previous Victoria Hospital lands, just south of the downtown core, abutting the Thames River, and across the street from Meredith Park, this building is ripe for repositioning. Estimated 59% upside from the current rent roll to top market rents. The building consists of 23 1-bedroom units in a purpose-built 3-storey walkup. Hydro is separately metered but currently included in rent representing the potential for significant cost savings.

Features of 435 Nelson Street

MLS® # 40238506
Price $4,715,000
Bedrooms 23
Bathrooms 23.00
Square Footage 18,000
Acres 0.62
Type Residential Income
Sub-Type Apartment
Status Active

Community Information

Address 435 Nelson Street
Area East
Subdivision East K
City London
County Middlesex
Province ON
Postal Code N6B 1A6

Amenities

Parking Spaces 23
Parking Unassigned, Mutual/Shared
View Creek/Stream, Forest, Downtown, Park/Greenbelt, River
Is Waterfront No
Has Pool No

Interior

Appliances Water Heater Owned, Refrigerator, Stove
Heating Baseboard, Gas Hot Water, Radiant
Cooling None
Fireplace No
# of Stories 3
Has Basement No
Basement None

Exterior

Lot Description Urban, Ample Parking, Corner Lot, City Lot, Greenbelt, Public Transit
Roof Flat, Rolled/Hot Mop
Construction Brick
Foundation Concrete Block, Poured Concrete

Additional Information

Days on Market 130

Listing Details

AgentJamie Dodds
OfficePRIME REAL ESTATE BROKERAGE

Listing Map

Request a Showing

Provide a valid email address.
When would you like to view this property?