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$744,900
Est. payment /mo
6 Beds
2 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1500-2000
Subdivision East A
MLS Listing ID X12138932
Style 2-Storey
Bedrooms 6
Annual Tax Amount $4,281
Tax Year 2024
Property Sub-Type Duplex
Property Description
A investors dream with instant cash flow. Beautifully renovated all-brick duplex on a large 63 x 150 lot in Northeast London, featuring two spacious almost identical layout 3-bedroom units with private entrances, separate high-ceiling basements, and individual hydro meters. Recent updates include a new flat roof (April 2025), shingles (2017), modern finishes, and efficient mini-split heat pumps (2018). The lower unit was fully renovated in 2022, the upper in 2024 both offering bright, open-concept layouts with updated kitchens, baths, flooring, and appliances. The property includes a double garage and wide driveway for ample parking. Current rents are $2,275/month (lower, Oct 2025) and $2,100/month (upper, month-to-month), with A++ tenants. Tenants pay electric heat and hydro. Total annual gross income is $52,500 and net income (pre debt) is $43,500. The large backyard offers potential for an accessory dwelling unit (ADU) or future development (subject to approval), and the separate-access basements could allow for further conversion to a 4-plex (consult with the city of London). Ideally located near Fanshawe College, Western University, schools, parks (directly behind the duplex), and amenities, this is a turnkey investment with instant strong cash flow and long-term upside.
Location
Province ON
County Middlesex
Community East A
Area Middlesex
Zoning R2-2
Rooms
Family Room No
Basement Separate Entrance
Kitchen 2
Interior
Interior Features Water Heater, Storage
Cooling None
Inclusions Two stoves, two fridges, two dishwashers, two ovens, two washers, two dryers
Exterior
Garage Spaces 2.0
Pool None
Roof Type Asphalt Shingle,Flat
Lot Frontage 63.0
Lot Depth 150.0
Total Parking Spaces 6
Building
Foundation Not Applicable
Others
Senior Community Yes
Virtual Tour https://youtu.be/jE3HNT5MLko?si=HZztLCgczxIZ1K6n
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Listed by LONDON CITY REALTY CORP.