354 Cheapside Street, London | Image 1

354 Cheapside Street

London, East B

  • - bed - bath
$XXX,XXX est.*: $2,879/mo
For Sale

Added 1 week ago

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  • Type: Detached

  • Style: Bungalow-Raised

  • Lot Size: 38.5 x 97 Feet

  • Age: 51-99 years

  • Taxes: $4,296 per year

  • Added: May 07, 2024 (1 week ago)

  • Updated:

  • Last Checked: 3 hours ago

  • MLS®#: X8313186

  • Listed By: Coldwell banker power realty

354 Cheapside St is a prime investment opportunity in Old North, London. Just a short walk or bus ride to Western University and King's University College, and a 15-minute walk to downtown, this property is ideal for investors. This legal 7-bedroom house spans two levels with 4 full bathrooms, 2 kitchens, and 2 living rooms, offering functionality and space for Western students. The basement level has a separate entrance for added privacy. Professionally managed, all rooms are fully leased, providing a stable income. The property holds a City of London rental license and generates $61,680 in annual income. The raised brick bungalow has an updated metal roof, laminate and ceramic flooring, radiant in-floor heating throughout, and central air conditioning. Out front, the driveway and carport can accommodating up to 5 cars. This property presents an excellent opportunity to capitalize on London's rental market. Don't miss out on this turnkey investment schedule your private viewing today.

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Property

  • Status: Sale

  • Property Type: Detached

  • Style: Bungalow-Raised

  • Age: 51-99

  • Area: London

  • Community: East B

  • Availability Date: Immediate

  • Assessment Amount: $294,000

  • Assessment Year: 2023

Inside

  • Bedrooms: 3

  • Bedrooms Plus: 4

  • Bathrooms: 4

  • Kitchens: 1

  • Kitchens Plus: 1

  • Rooms: 7

  • Den/Family Room: No

  • Air Conditioning: Central Air

  • Fireplace: Yes

  • Washrooms: 4

Building

  • Basement: Finished

  • Basement 2: Full

  • Heat Type: Radiant

  • Heat Source: Other

  • Exterior: Brick

  • Exterior: Vinyl Siding

  • Water Supply: Municipal

  • Special Designation: Other

  • Other Structures: Garden Shed

Parking

  • Driveway: Pvt Double

  • Garage Spaces: 1

  • Garage Type: Carport

  • Covered Parking Spaces: 4

  • Total Parking Spaces: 5

Fees

  • Tax Year: 2023

  • Tax Legal Description: PT LT 33 W/S COLBORNE ST AS IN 772956; LONDON

  • Taxes: $4,296

Land

  • Cross Street: East On Cheapside Fr

  • Municipality District: London

  • Fronting On: North

  • Parcel Number: 082390036

  • Pool: None

  • Sewer: Sewers

  • Lot Depth: 97 Feet

  • Lot Frontage: 38.5 Feet

  • Zoning: R1-4

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Very Walkable

  • Most errands can be accomplished on foot.
70 /100

Good Transit

  • Some errands can be accomplished by public transportation.
59 /100

Bikeable

  • Some errands can be accomplished on bike.
68 /100
JK-8

St Michael

Elementary: Catholic
0.37 km
JK-8

St Georges Public School

Elementary: Public
0.63 km
JK-8

Northbrae Public School

Elementary: Public
1.51 km
JK-8

Ryerson Public School

Elementary: Public
0.22 km
K-8

Lord Roberts Public School

Elementary: Public
1.57 km
K-8

Louise Arbour French Immersion Public School

Elementary: Public
1.68 km
9-12

École secondaire Gabriel-Dumont

Secondary: Public
1.88 km
9-12

École secondaire catholique École secondaire Monseigneur-Bruyère

Secondary: Catholic
1.86 km
9-12

London Central Secondary School

Secondary: Public
1.73 km
9-12

Catholic Central High School

Secondary: Catholic
2.01 km
9-12

A B Lucas Secondary School

Secondary: Public
3.24 km
9-12

H B Beal Secondary School

Secondary: Public
2.19 km
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