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$499,000
Est. payment /mo
7 Beds
3 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1500-2000
Subdivision East M
MLS Listing ID X12377252
Style 2-Storey
Bedrooms 7
Annual Tax Amount $2,180
Tax Year 2025
Property Sub-Type Duplex
Lot Depth 100.0
Lot Front 33.0
Appx SqFt 1500-2000
Property Description
Fantastic investment opportunity in the heart of London - All brick Duplex is currently being used as a Triplex - Annual income of +$60,000 delivering a +10% CAP RATE! The upper unit features 3 bedrooms and 1 bath, rented at $1,800/month to month plus hydro. The main floor 2-bedroom, 1-bath was rented for $1,750/month inclusive, currently vacant. The lower level offers a 2-bedroom, 1-bath unit currently rented at $1,550/month, inclusive month-to-month. A great choice for first-time investors or those looking to expand their portfolio, don't miss out! Each unit has its own private entrance and in-suite laundry, plus there are two hydro meters, one furnace, ample rear parking, and a tankless water heater for added energy efficiency. Please note: listing photos were taken when units were vacant.
Location
Province ON
County Middlesex
Community East M
Area Middlesex
Zoning R2-2
Rooms
Family Room No
Basement Apartment, Full
Kitchen 3
Separate Den/Office 2
Interior
Interior Features In-Law Capability, In-Law Suite, Separate Hydro Meter
Cooling Central Air
Exterior
Parking Features Private
Pool None
Roof Type Asphalt Shingle
Lot Frontage 33.0
Lot Depth 100.0
Total Parking Spaces 4
Building
Foundation Block
Others
Senior Community No
ParcelsYN No
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Listed by CENTURY 21 FIRST CANADIAN CORP
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