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125 St James Street London, Ontario N6A 1W6

5 Bedroom 2 Bathroom
Central Air Conditioning Forced Air

$825,000

Introducing an exceptional investment opportunity with this legally licensed, two-story solid brick duplex, perfectly situated in a AAA location just steps from Gibbons Park, scenic walking trails, St. Josephs Hospital, the University of Western Ontario, and Richmond Row. This property features a well-maintained main floor unit with two bedrooms and a spacious upper unit with three bedrooms, both above grade and equipped with their own basements, complete with laundry facilities. Each unit boasts its own furnace, air conditioning, and water heater, ensuring comfort and independence for tenants. The large double-wide driveway can accommodate up to six vehicles, enhancing convenience. Recent updates have kept both units in excellent condition. The current rental income includes Unit 1 at $2,148 per month (plus water and electricity, month-to-month), and Unit 2 at $2,095 per month (plus water and electricity, under a one-year lease that started in February). This property has separate gas and hydro meters for each unit allowing for utilities to be charged back to the tenant. The addition of a durable metal roof enhances the property's longevity. Don't miss out on this fantastic opportunity. This duplex represents a sound investment venture for both seasoned and new property investors alike. (id:38414)

Property Details

MLS® Number X12042663
Property Type Multi-family
Community Name East B
EquipmentType Water Heater - Tankless, Water Heater
Features Sump Pump
ParkingSpaceTotal 6
RentalEquipmentType Water Heater - Tankless, Water Heater

Building

BathroomTotal 2
BedroomsAboveGround 5
BedroomsTotal 5
Amenities Separate Electricity Meters, Separate Heating Controls
Appliances Water Heater - Tankless, Dishwasher, Dryer, Microwave, Stove, Washer, Refrigerator
BasementDevelopment Unfinished
BasementFeatures Separate Entrance
BasementType N/a (unfinished)
CoolingType Central Air Conditioning
ExteriorFinish Brick
FoundationType Unknown
HeatingFuel Natural Gas
HeatingType Forced Air
StoriesTotal 2
Type Duplex
UtilityWater Municipal Water

Parking

No Garage

Land

Acreage No
Sewer Sanitary Sewer
SizeDepth 126 Ft ,9 In
SizeFrontage 38 Ft ,3 In
SizeIrregular 38.25 X 126.75 Ft
SizeTotalText 38.25 X 126.75 Ft
ZoningDescription R3-2

Rooms

Level Type Dimensions
Basement Utility Room 3.55 m x 4.95 m
Basement Laundry Room 3.27 m x 4.85 m
Basement Laundry Room 6.08 m x 5.11 m
Main Level Bedroom 3.87 m x 5.11 m
Main Level Bedroom 2.4 m x 3.67 m
Main Level Kitchen 4.52 m x 3.95 m
Main Level Living Room 4.25 m x 4.11 m
Upper Level Family Room 6.08 m x 5.11 m
Upper Level Kitchen 2.75 m x 2.77 m
Upper Level Bedroom 3.25 m x 3.52 m
Upper Level Bedroom 2.5 m x 3.32 m
Upper Level Bedroom 3.19 m x 3.57 m

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March 29 2025 03:20:50

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