465 Ontario Street London, Ontario N5W 3X1
$649,900
Fully licensed legal duplex located on quiet Old East Village street steps to great shops, restaurants, parks, trails and walking distance to downtown London. This beautifully maintained yellow brick duplex is perfect for both investors and owner occupiers looking to live in one unit and pay down a significant portion of their mortgage with the rents from the other unit. This building is extremely easy to manage with each unit conveniently having their own separate private driveway, laundry facilities, hydro meters and heat. Landlord is only responsible to pay the water. The large main floor/lower level unit features 3-4 spacious bedrooms, a bonus office/den, 2 full bathrooms, main floor laundry, an open concept kitchen with quartz countertops & stainless appliances, welcoming family room & formal dining area. 3 parking spaces available on separate private drive. The main floor unit will be vacant as of September 1, 2024, allowing the new Buyer to set their own rents or owner occupy. Current market rents for this main floor unit are approximately $2,650 plus hydro & gas for a family or $3,200 plus hydro & gas for students. The upstairs unit features 2 spacious bedrooms, a family room, kitchen and 4pc bathroom. There are 2 parking spaces available on a separate private drive. The upstairs unit is currently on lease at fair market value for $1,600 plus hydro from May 1, 2024 April 30, 2025. Both units are in fantastic condition. Private fully fenced yard in rear great for activities and pets. Lovely covered porch in front perfect for morning coffees or evening cocktails. Recent upgrades include a new gas furnace (2020), A/C (2020), 125 AMP electrical panel, and new painting & lighting throughout. This is a perfect opportunity to get into the market and own your own home in desirable Old East Village. City of London Rental License and upstairs lease attached in the documents tab. (id:38414)
Property Details
| MLS® Number | X8483742 |
| Property Type | Single Family |
| Community Name | EastE |
| Amenities Near By | Park, Public Transit, Schools |
| Community Features | Community Centre |
| Equipment Type | Water Heater |
| Parking Space Total | 5 |
| Rental Equipment Type | Water Heater |
| Structure | Porch |
Building
| Bathroom Total | 3 |
| Bedrooms Above Ground | 4 |
| Bedrooms Below Ground | 2 |
| Bedrooms Total | 6 |
| Amenities | Separate Electricity Meters |
| Basement Development | Finished |
| Basement Type | Full (finished) |
| Cooling Type | Central Air Conditioning |
| Exterior Finish | Brick |
| Fireplace Present | Yes |
| Foundation Type | Block |
| Heating Fuel | Natural Gas |
| Heating Type | Baseboard Heaters |
| Stories Total | 2 |
| Type | Duplex |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Land Amenities | Park, Public Transit, Schools |
| Sewer | Sanitary Sewer |
| Size Depth | 104 Ft |
| Size Frontage | 42 Ft |
| Size Irregular | 42 X 104 Ft ; 104.42 Ft X 42.09 X 104.43 X 42.73 Ft |
| Size Total Text | 42 X 104 Ft ; 104.42 Ft X 42.09 X 104.43 X 42.73 Ft |
| Zoning Description | R3-2 |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Second Level | Living Room | 4.84 m | 4.76 m | 4.84 m x 4.76 m |
| Second Level | Kitchen | 4.13 m | 3.14 m | 4.13 m x 3.14 m |
| Second Level | Bathroom | 2.37 m | 1.71 m | 2.37 m x 1.71 m |
| Second Level | Bedroom | 3.04 m | 3.94 m | 3.04 m x 3.94 m |
| Second Level | Bedroom | 2.76 m | 3.94 m | 2.76 m x 3.94 m |
| Basement | Bedroom | 5.12 m | 3.4 m | 5.12 m x 3.4 m |
| Basement | Bathroom | 2.56 m | 1.53 m | 2.56 m x 1.53 m |
| Main Level | Living Room | 3.87 m | 3.82 m | 3.87 m x 3.82 m |
| Main Level | Dining Room | 4.45 m | 13.9 m | 4.45 m x 13.9 m |
| Main Level | Kitchen | 3.83 m | 3.59 m | 3.83 m x 3.59 m |
| Main Level | Bedroom | 3.77 m | 2.65 m | 3.77 m x 2.65 m |
| Main Level | Bathroom | 1.54 m | 3.54 m | 1.54 m x 3.54 m |
https://www.realtor.ca/real-estate/27098668/465-ontario-street-london-easte
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London and St. Thomas Association of REALTORS®
Coldwell Banker Power Realty
June 28 2024 01:21:00
