Added 1 week ago
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Type: Duplex
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Style: 2-Storey
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Size: 2500 sqft
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Lot Size: 45.25 x 94 Feet
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Age: 31-50 years
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Taxes: $4,500 per year
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Added: May 09, 2024 (1 week ago)
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Updated:
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Last Checked: 2 hours ago
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MLS®#: X8322168
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Listed By: Coldwell banker power realty
Fully renovated licensed legal duplex located in desirable steps to restaurants, parks, trails and walking distance to downtown London. This purpose-built duplex is a Landlords dream & is perfect for investors looking for a turnkey property with strong cash flow with a projected cap rate of over 8%. Separate heat, separate hydro and separate water meters! Each unit has their own laundry. Both units have 4 good sized bedrooms and a 4 piece bathroom, a large family room with gas fireplace and separate dining space as well as an eat in kitchen. 4\6 parking spaces located on site. The main floor unit has been fully renovated and is leased on month to month basis and can be vacant as of July 1, 2024, allowing the new Buyer to set their own rents Current market rents for this unit is $3200 plus utilities. Downstairs is vacant and conservative rents per room at $800 + utilities is easily attainable with its proximity to downtown and UWO & Fanshawe College.
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Property
Status: Sale
Property Type: Duplex
Style: 2-Storey
Size (sq ft): 2500
Age: 31-50
Area: London
Community: East F
Availability Date: FLEX
Assessment Amount: $308,000
Assessment Year: 2023
Inside
Bedrooms: 4
Bedrooms Plus: 4
Bathrooms: 2
Kitchens: 1
Kitchens Plus: 1
Rooms: 8
Den/Family Room: No
Air Conditioning: Wall Unit
Fireplace: No
Washrooms: 2
Building
Basement: None
Heat Type: Baseboard
Heat Source: Electric
Exterior: Brick
Exterior: Vinyl Siding
Elevator: N
Water Supply: Municipal
Special Designation: Unknown
Parking
Driveway: Private
Garage Type: None
Covered Parking Spaces: 4
Total Parking Spaces: 4
Fees
Tax Year: 2023
Tax Legal Description: PT LT 52 PLAN 12(E) AS IN 815757; TOGETHER WITH 815757 LONDON "D
Taxes: $4,500
Highlights
Feature: Library
Feature: Park
Feature: Place Of Worship
Feature: School
Land
Cross Street: North On Adelaide To
Municipality District: London
Fronting On: East
Parcel Number: 082740095
Pool: None
Sewer: Sewers
Lot Depth: 94 Feet
Lot Frontage: 45.25 Feet
Lot Irregularities: 94.24 X 45.41 Ft X 94
Acres: < .50
Zoning: R3-2
Additional Media
- Virtual Tour: https://my.matterport.com/show/?m=LGnHtUmj2WM
Very Walkable
- Most errands can be accomplished on foot.
Good Transit
- Some errands can be accomplished by public transportation.
Bikeable
- Some errands can be accomplished on bike.
St Michael
Elementary: CatholicAberdeen Public School
Elementary: PublicSt Mary School
Elementary: CatholicSt Georges Public School
Elementary: PublicSt. John French Immersion School
Elementary: CatholicLord Roberts Public School
Elementary: PublicÉcole secondaire catholique École secondaire Monseigneur-Bruyère
Secondary: CatholicB Davison Secondary School Secondary School
Secondary: PublicLondon South Collegiate Institute
Secondary: PublicLondon Central Secondary School
Secondary: PublicCatholic Central High School
Secondary: CatholicH B Beal Secondary School
Secondary: Public-
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