560 Ontario Street London, Ontario N5W 3Y1
$524,900
Newer, Purpose Built, Licensed, Legal Duplex in an old Historic Neighborhood in East London. Built in 1977 this turn key rental property is fully leased and a great investment. The main unit offers a bright living room, eat-in kitchen with plenty of cupboards and counter space, 2 bedrooms and 4 piece bathroom rents for $1,025. The 2nd unit features a living room, kitchen with a dining area, 2 bedrooms and a 4 piece bath rents for $1,350. There is even a small private porch off the bedroom. The backyard has a small patio and plenty of parking for tenants. Separate meters, each unit has its own wall furnace for heating. Building is a slab on grade design with no basement to worry about. Gross Income 2021 $27,237.90 Net Income $22,117.50. Don't miss out, very good buy, great tenants, priced to sell. (id:47723)
Property Details
| MLS® Number | 40281621 |
| Property Type | Multi-family |
| Amenities Near By | Airport, Golf Nearby, Hospital, Place Of Worship, Playground, Public Transit, Schools, Shopping |
| Communication Type | High Speed Internet |
| Community Features | School Bus |
| Equipment Type | Water Heater |
| Features | Golf Course/parkland, Crushed Stone Driveway, Shared Driveway |
| Parking Space Total | 4 |
| Rental Equipment Type | Water Heater |
| Structure | Porch |
Building
| Bathroom Total | 2 |
| Bedrooms Total | 4 |
| Appliances | Microwave Built-in |
| Basement Type | None |
| Constructed Date | 1977 |
| Construction Style Attachment | Attached |
| Cooling Type | None |
| Exterior Finish | Aluminum Siding, Brick |
| Fire Protection | Smoke Detectors |
| Heating Fuel | Natural Gas |
| Stories Total | 2 |
| Size Interior | 1639.6400 |
| Type | Duplex |
| Utility Water | Municipal Water |
Land
| Access Type | Road Access, Highway Access, Highway Nearby |
| Acreage | No |
| Land Amenities | Airport, Golf Nearby, Hospital, Place Of Worship, Playground, Public Transit, Schools, Shopping |
| Sewer | Municipal Sewage System |
| Size Depth | 124 Ft |
| Size Frontage | 33 Ft |
| Size Irregular | 0.099 |
| Size Total | 0.099 Ac|under 1/2 Acre |
| Size Total Text | 0.099 Ac|under 1/2 Acre |
| Zoning Description | R3-2 |
Utilities
| Cable | Available |
| Electricity | Available |
| Natural Gas | Available |
| Telephone | Available |
https://www.realtor.ca/real-estate/24564609/560-ontario-street-london
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June 27 2022 02:29:48
London and St. Thomas Association of REALTORS®
Century 21 First Canadian Corp., Brokerage