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18 The Ridgeway Street London, Ontario N6C 1A1

7 Bedroom 4 Bathroom
None Forced Air


Welcome to 18 The Ridgeway; This legal fourplex is not your typical multi family property, it is a stunning piece of property backing onto green space with access to parks & the Thames river. These regal units will attract ideal tenants or make the perfect owner occupied unit while bringing in rent from the 3 other units. There are currently 2 vacant units allowing you to find tenants at market rents. A great opportunity to add a cash flowing property to your portfolio! The current owners are very hands-on and it shows with regular maintenance & a well managed building. Many upgrades including; hydro panel 2020, hot water tanks 2018, new kitchens unit 2, 3, 4, since 2017, new shower unit 4 in 2017, new windows 2017, Metal Roof 2014, Furnace 2015. In 2017 a minor variance was completed to make the property a legal fourplex. The property is up to date on their fire inspections and has a current, valid rental licence. Income: Unit 1- (Basement 2 Bedroom) $957.61, Unit 2- (Main Floor 1 Bedroom + Den, Vacant) Was previously rented for $1500 with garage, Unit 3- (Second Floor, 2 Bedroom) $1272, Unit 4- (2 Bedroom Third Floor, Vacant) Was Previously rented for $1075. All units inclusive as the property is not separately metered. Owned Coin Laundry brings in approximately $85 per month. (id:20872)

Property Details

MLS® Number 40137679
Property Type Multi-family
Amenities Near By Park
Community Features Quiet Area
Equipment Type Water Heater
Features Ravine, Park/reserve, Shared Driveway, Laundry- Coin Operated
Parking Space Total 6
Rental Equipment Type Water Heater


Bathroom Total 4
Bedrooms Total 7
Basement Development Finished
Basement Type Full (finished)
Constructed Date 1907
Construction Style Attachment Detached
Cooling Type None
Exterior Finish Aluminum Siding, Brick
Fire Protection Smoke Detectors, Unknown
Heating Type Forced Air
Stories Total 3
Type Fourplex
Utility Water Municipal Water


Attached Garage


Acreage No
Land Amenities Park
Sewer Municipal Sewage System
Size Frontage 45 Ft
Size Total Text Under 1/2 Acre
Zoning Description R3-2


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