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London,ON N6E 1G2
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1500-2000
Subdivision South Y
MLS Listing ID X11930484
Style Bungalow
Bedrooms 3
Annual Tax Amount $3,095
Tax Year 2024
Property Sub-Type Detached
Property Description
Discover this prime investment property in a highly desirable area of South London, just minutes from Highway 401 for ultimate convenience. Perfect for investors, homeowners looking to generate rental income, or those eager to house hack, this duplex offers incredible potential with vacant possession available from March 1st. The property features two well-designed units: a spacious main floor unit with 3 bedrooms and 1 full bath, and a cozy basement unit with 2 bedrooms and 1 full bath. Both units come with the added convenience of private laundry, making it an attractive choice for tenants.With a current rental income of $4,200 per month plus utilities, and both units becoming vacant soon (end of February), you have the opportunity to maintain or even improve the rental potential with new tenants. Alternatively, you can live in one unit and rent out the other, significantly offsetting your mortgage and housing costs. Situated in a sought-after neighborhood, this property attracts quality tenants and offers easy access to major amenities, schools, parks, and transit. Whether youre an investor, a first-time homebuyer, or looking for a multi-family setup, this duplex is a fantastic opportunity to build equity and reduce housing expenses in a thriving area. Dont miss out on this versatile property book your showing today and envision the possibilities!
Location
Province ON
County Middlesex
Community South Y
Area Middlesex
Rooms
Family Room Yes
Basement Finished,Separate Entrance
Kitchen 2
Separate Den/Office 2
Interior
Interior Features Carpet Free
Cooling Central Air
Fireplace No
Heat Source Gas
Exterior
Exterior Feature Deck
Parking Features Private Double
Pool None
Roof Type Asphalt Shingle
Topography Flat
Lot Frontage 45.34
Lot Depth 100.26
Total Parking Spaces 4
Building
Foundation Poured Concrete
Others
ParcelsYN No