Well maintained 6 unit investment property located in SOHO at the corner of Wellington Street and Hill Street. Consisting of 1- 1 bedroom, 4- 2 bedroom and 1- 3 bedroom units along with an addtional 33' x 41' parcel of land. On-site coin laundry. Parking for 9 vehicles. Located across the street from new mixed-use housing development on South Street. Current NOI: $77,222.94. Potential for significant upside, current rents below market. The 3 bedroom unit will be vacant upon possession (market rent $1,800 per month). Zoning R3-1. Close proximity to Wellington Road and transit and within walking distance to downtown London.
340 Hill Street
East K, London East, Middlesex $1,149,900 1Make an offer
12 Beds
6 Baths
3000-3500 sqft
Parking for 9
North Facing
Zoning: R3-1
- MLS®#:
- X12075582
- Property Type:
- Multiplex
- Property Style:
- 3-Storey
- Area:
- Middlesex
- Community:
- East K
- Taxes:
- $3,099 / 2025
- Added:
- April 10 2025
- Lot Frontage:
- 66
- Lot Depth:
- 33
- Status:
- Active
- Outside:
- Brick
- Year Built:
- Basement:
- Unfinished
- Brokerage:
- A TEAM LONDON
- Lot :
-
33
66
- Intersection:
- Hill & Wellington Street
- Rooms:
- Bedrooms:
- 12
- Bathrooms:
- 6
- Fireplace:
- Utilities
- Water:
- Municipal
- Cooling:
- Window Unit(s)
- Heating Type:
- Forced Air
- Heating Fuel:
Listing Details
Insights
- Strong Investment Potential: This well-maintained 6-unit investment property generates a current Net Operating Income (NOI) of $77,222.94, with potential for significant upside as current rents are below market rates.
- Ample Parking Space: The property offers parking for 9 vehicles, which is a valuable feature in urban settings, enhancing tenant convenience and attracting potential renters.
- Prime Location: Situated in the desirable SOHO area, the property is across from a new mixed-use housing development and is within walking distance to downtown London, providing easy access to amenities and transit.
Sale/Lease History of 340 Hill Street
View all past sales, leases, and listings of the property at 340 Hill Street.Neighbourhood
Schools, amenities, travel times, and market trends near 340 Hill StreetSchools
6 public & 6 Catholic schools serve this home. Of these, 9 have catchments. There are 2 private schools nearby.
Parks & Rec
3 trails, 2 playgrounds and 3 other facilities are within a 20 min walk of this home.
Transit
Street transit stop less than a 2 min walk away. Rail transit stop less than 1 km away.
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