465 ONTARIO STREET, London, Ontario, N5W3X1
Property TypeSingle Family

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:15069)

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Amenities NearbyPark, Public Transit, SchoolsCommunity FeaturesCommunity Centre
EquipmentWater HeaterParking Spaces5
Rental EquipmentWater HeaterStructurePorch
TransactionFor saleZoning DescriptionR3-2
Bedrooms Main level4Bedrooms Lower level2
AmenitiesSeparate Electricity MetersBasement DevelopmentFinished
BasementFull (Finished)CoolingCentral air conditioning
Exterior FinishBrickFireplace PresentYes
FoundationBlockBathrooms (Total)3
Heating FuelNatural gasHeatingBaseboard heaters
Storeys Total2TypeDuplex
Utility WaterMunicipal water
Size Frontage42 ftAmenitiesPark, Public Transit, Schools
SewerSanitary sewerSize Depth104 ft
Size Irregular42 x 104 FT ; 104.42 ft x 42.09 x 104.43 x 42.73 ft
Level Type Dimensions
Second levelLiving room4.84 m x 4.76 m
Second levelKitchen4.13 m x 3.14 m
Second levelBathroom2.37 m x 1.71 m
Second levelBedroom3.04 m x 3.94 m
Second levelBedroom2.76 m x 3.94 m
BasementBedroom5.12 m x 3.4 m
BasementBathroom2.56 m x 1.53 m
Main levelLiving room3.87 m x 3.82 m
Main levelDining room4.45 m x 13.9 m
Main levelKitchen3.83 m x 3.59 m
Main levelBedroom3.77 m x 2.65 m
Main levelBathroom1.54 m x 3.54 m


Data Provided by London and St. Thomas Association of REALTORS®

Last Modified :08/07/2024 09:42:05 PM

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