ON > London East > East G
London East, ON N5W 4A5,437 Charlotte ST
London East, ON N5W 4A5,437 Charlotte ST
London East, ON N5W 4A5,437 Charlotte ST
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Gail Reeves Reid

Gail Reeves Reid

+1(416) 540-8681
$524,900
Est. payment /mo
3 Beds
2 Baths
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UPDATED:

Key Details

Property Type Single Family Home

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Approx. Sqft 1100-1500

Subdivision East G

MLS Listing ID X12605046

Style Bungalow

Bedrooms 3

Annual Tax Amount $3,193

Tax Year 2024

Property Sub-Type Detached

Lot Depth 147.46

Lot Front 46.12

Appx SqFt 1100-1500

Property Description

Fully renovated in 2024, this spacious detached bungalow with separate units offers a strong investment opportunity and excellent flexibility for multi-generational living or owner-occupied rental income. Recent updates include a new roof, North Star windows, flooring, furnace, siding, quartz countertops, new doors and trims, updated kitchens on both levels, and modern bathrooms with new vanities, making this a truly turnkey property. Configured as a legal duplex-style setup, the property has a projected income of $4,000/month in total rental income: the main unit can rent for $2,400/month plus utilities, and the lower unit it can rent for $1,600/month with heat included and hydro separate. Each unit features its own kitchen, full bathroom, separate hydro/water/gas, individual laundry, and its own fireplace. A spacious den on the upper level adds even more functional living space, while durable vinyl flooring runs throughout both levels. Outside, the property offers parking for 5 large vehicles plus an additional garage space-rare for the area. Located within walking distance to the Hard Rock Hotel, Tim Hortons, Western Fair District, and nearby amenities, this location provides strong rental appeal and convenience. Whether you are an investor seeking a cash-flowing asset with an approx. 8.15% CAP rate, or a family looking for separate living spaces, this renovated bungalow delivers long-term value, versatility, and income potential. For those looking to offset living costs, this property is also an ideal live-in investment. You can comfortably reside in one unit while renting out the other to significantly reduce monthly expenses. With current market rents, the second unit can cover a substantial portion of the mortgage, utilities, and other household bills, making this home an excellent option for first-time buyers, downsizers, or families seeking affordability without compromising space or privacy.

Location

Province ON

County Middlesex

Community East G

Area Middlesex

Rooms

Family Room Yes

Basement Full

Kitchen 2

Separate Den/Office 1

Interior

Interior Features Countertop Range, Primary Bedroom - Main Floor, Separate Hydro Meter

Cooling None

Fireplaces Number 2

Inclusions 2 Fridge, 2 Stove, 2 Washer, 2 Dryer, 2 Microwave. (all appliances as-is)

Exterior

Exterior Feature Landscaped, Privacy

Parking Features Private

Garage Spaces 1.0

Pool None

Roof Type Asphalt Shingle

Lot Frontage 46.12

Lot Depth 147.46

Total Parking Spaces 5

Building

Foundation Concrete

Others

Senior Community Yes

Security Features Carbon Monoxide Detectors

ParcelsYN No

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Listed by STREETCITY REALTY INC.

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Gail Reeves Reid

Gail Reeves Reid

+1(416) 540-8681

Broker | License ID: 9520476

Broker License ID: 9520476

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