Added 6 months ago
-
Type: Investment
-
Property Type: Commercial
-
Zoning: R2-2
-
Age: 51-99 years
-
Taxes: 4281
-
MLS®#: X11927132
-
Days on Site: 189 Days
-
Added: Jul 12, 2024 (6 months ago)
-
Updated:
-
Last Checked: 16 hours ago
-
Listed By: LONDON CITY REALTY CORP.
Beautifully renovated all-brick purpose built duplex (up/down) in North-East London with attached double garage. Featuring two spacious three-bedroom units, each with separate basements and separate electrical meters. The all brick exterior has been meticulously maintained and the double wide paved driveway offers plenty of parking. The standout feature of the property is its large backyard, spanning 63 feet in width and 150 feet in depth, presenting significant potential for adding an Auxiliary Dwelling Unit (ADU) for additional units (city permits required). The shingles on the roof were replaced in 2019. Both the lower (2022) and upper (2024) units have been updated with contemporary finishes. Units are nearly identical layouts, highlighted by large front windows, oversized living and dining areas, and newer renovated kitchens, bathrooms, and bedrooms. An investor's ideal opportunity, this property includes two separate unfinished basements with high ceilings and separate access, presenting significant potential for conversion into a four-plex (please consult with the city of London). Upon possession, the lower unit will be vacant, providing an ideal chance for owner occupancy or set your own market rent. The upper unit is currently leased to A++ tenants for $2050 per month. Tenants are responsible for heat/hydro costs (separate meters). The duplex is equipped with a very efficient mini-split heat pump systems (2018) featuring heads throughout for efficient heating and cooling (AC), supplemented by electric baseboard heaters throughout all living spaces. Owners only pays taxes, water, and hot water tank rental costs (low operating expenses see financials). Do not miss this opportunity!!
Property
Status: Sale
Property Type: Investment
Age: 51-99
Area: London
Availability Date: 60-89Days
Assessment Amount: $293,000
Assessment Year: 2024
Inside
Air Conditioning: Other
Building
Basement: Y
Heat Type: Baseboard
Water Supply: Municipal
Parking
Garage Type: Attached
Covered Parking Spaces: 4
Fees
Tax Year: 2024
Tax Legal Description: LOT 231, PLAN 897, SUBJECT TO 146826 LONDON/LONDON TOWNSHIP
Taxes: $4,281
Expenses: Act
Insurance Fee: 2004
Operating Fees: 8445
Land
Cross Street: North of Huron Stree
Municipality District: London
Parcel Number: 080930158
Sewer: Sewers
Lot Depth: 150 Feet
Lot Frontage: 63 Feet
Zoning: R2-2
Commercial Specific
Total Area: 2000
Total Area Metric: Sq Ft
Area Influence: Park
Area Influence: Public Transit
École élémentaire Gabriel-Dumont
Elementary: PublicSt Anne's Separate School
Elementary: CatholicÉcole élémentaire catholique Monseigneur-Bruyère
Elementary: CatholicHillcrest Public School
Elementary: PublicLord Elgin Public School
Elementary: PublicSir John A Macdonald Public School
Elementary: PublicRobarts Provincial School for the Deaf
Secondary: ProvincialRobarts/Amethyst Demonstration Secondary School
Secondary: ProvincialÉcole secondaire Gabriel-Dumont
Secondary: PublicÉcole secondaire catholique École secondaire Monseigneur-Bruyère
Secondary: CatholicMontcalm Secondary School
Secondary: PublicJohn Paul II Catholic Secondary School
Secondary: Catholic
