531 Dufferin Ave

Seller prefers to sell 531 Dufferin Ave and 200 St. James together. 531 Dufferin Avenue, Units 1-17, a three-storey walk-up condominium apartment building compromised of one (1) bedroom apartments in the City of London (the "Property"). The building sits on an approximately 0.28 acre site (as per Geowarehouse). Each unit at 531 Dufferin Avenue has a standard layout, with quality finishes including aluminum frame windows with horizontal sliders, a combination of carpet and vinyl plank/tile, painted drywall/plaster and ceramic tile walls, and painted drywall/plaster ceilings. The three-piece washroom has standard cabinetry with laminate counter tops and ceramic tile backsplash. The main floor common area offers a convenient shared laundry room featuring two (2) top load washing machines and two (2) electric dryers for tenant use at a minimal cost. The Property has been well-maintained, with recent upgrades including a new roof in 2021, hallway retrofits, security cameras, a boiler replacement in 2016, and unit refreshes upon tenant turnover. The units have a number of long-term tenants and are considered to have below market rental rates. There is one point of ingress and egress, from the north side of the Property on Dufferin Avenue and 531 Dufferin Avenue benefits from approximately 17 surface parking spaces. The Property provides the unique opportunity to acquire a fully occupied cash-flowing condominium apartment building in the growing Southwestern Ontario market.