6 Bedroom
2 Bathroom
Bungalow
Central Air Conditioning
Forced Air
$589,900
Welcome to 75 Cleveland Pl, a beautifully updated and excellent investment property with an 8.76% CAP RATE! Nestled in the heart of the desirable Glen Cairn neighbourhood. This fully renovated (2021) bungalow features a spacious 3+3 bedroom, 1+1 bathroom layout, situated on a 37x111 ft lot. The property is currently tenanted and generating $4,305/month inclusive, this property is an incredible investment opportunity. Both sets of tenants are excellent and on a month-to-month basis as of November 2024, allowing for continuity. The main level offers a bright, open-concept living and dining area perfect for family gatherings, along with three well-sized bedrooms. The lower level presents a fully modernized in-law suite with a separate entrance, featuring three additional bedrooms, a full bath, and a cozy living space-an ideal setup for extended family, guests, or rental income. Located in Glen Cairn, one of London's most charming and convenient communities, this property benefits from a peaceful, tree-lined street while being just minutes away from major amenities. With proximity to Victoria Hospital, top-rated schools, shopping centers, restaurants, and quick access to the 401 & 402 highways, Glen Cairn combines suburban tranquility with urban convenience. Whether you're seeking a multi-generational living solution, a mortgage helper, or a pure investment, 75 Cleveland Pl offers endless possibilities in a fantastic neighbourhood. Don't miss out on this rare opportunity! **** EXTRAS **** 8.76% Cap Rate, closing anytime for investment purposes. (id:50976)
Property Details
|
MLS® Number
|
X10415327 |
|
Property Type
|
Single Family |
|
Community Name
|
East J |
|
Equipment Type
|
Water Heater |
|
Features
|
Carpet Free, In-law Suite |
|
Parking Space Total
|
5 |
|
Rental Equipment Type
|
Water Heater |
Building
|
Bathroom Total
|
2 |
|
Bedrooms Above Ground
|
3 |
|
Bedrooms Below Ground
|
3 |
|
Bedrooms Total
|
6 |
|
Appliances
|
Dishwasher, Dryer, Refrigerator, Stove, Washer |
|
Architectural Style
|
Bungalow |
|
Basement Development
|
Finished |
|
Basement Features
|
Separate Entrance |
|
Basement Type
|
N/a (finished) |
|
Construction Style Attachment
|
Detached |
|
Cooling Type
|
Central Air Conditioning |
|
Exterior Finish
|
Brick |
|
Foundation Type
|
Concrete |
|
Heating Fuel
|
Natural Gas |
|
Heating Type
|
Forced Air |
|
Stories Total
|
1 |
|
Type
|
House |
|
Utility Water
|
Municipal Water |
Land
|
Acreage
|
No |
|
Sewer
|
Sanitary Sewer |
|
Size Depth
|
110 Ft ,11 In |
|
Size Frontage
|
39 Ft ,5 In |
|
Size Irregular
|
39.47 X 110.92 Ft |
|
Size Total Text
|
39.47 X 110.92 Ft|under 1/2 Acre |
|
Zoning Description
|
R1-4 |
Rooms
| Level |
Type |
Length |
Width |
Dimensions |
|
Lower Level |
Bedroom 2 |
2.92 m |
3.33 m |
2.92 m x 3.33 m |
|
Lower Level |
Bedroom 3 |
2.59 m |
5.11 m |
2.59 m x 5.11 m |
|
Lower Level |
Kitchen |
|
|
Measurements not available |
|
Lower Level |
Bathroom |
|
|
Measurements not available |
|
Lower Level |
Bedroom |
4.24 m |
2.13 m |
4.24 m x 2.13 m |
|
Main Level |
Living Room |
|
|
Measurements not available |
|
Main Level |
Kitchen |
|
|
Measurements not available |
|
Main Level |
Bedroom |
|
|
Measurements not available |
|
Main Level |
Bedroom 2 |
|
|
Measurements not available |
|
Main Level |
Bedroom 3 |
|
|
Measurements not available |
|
Main Level |
Bathroom |
|
|
Measurements not available |
|
Main Level |
Dining Room |
|
|
Measurements not available |
Utilities
|
Cable
|
Available |
|
Sewer
|
Installed |
https://www.realtor.ca/real-estate/27633599/75-cleveland-place-london-east-j
