4 Bedroom
3 Bathroom
1,100 - 1,500 ft2
Forced Air
$389,500
AMAZINGLY PRICED LONDON, ON DUPLEX! Superior Up-&-Down LEGAL DUPLEX (w/ TRI-PLEX potential*) in Old East Village! This well-maintained LEGAL duplex (formerly a TRI-PLEX) is ideally located in a desirable pocket of Old East Village, close to schools, playgrounds, shopping, Western Fair District, & countless other amenities. Featuring separate entrances & separate hydro meters, this property offers flexibility, privacy, & proven strong income. The spacious main unit spans two levels & offers 2 bedrooms with the potential to be used as 3 bedrooms (given the additional living space in lower level) along with an impressive 2 FULL bathrooms. This unit feels like a full house, making it perfect for owner-occupiers or families seeking space & comfort. Helping to offset your mortgage is a great upper-level tenant in the 1 bedroom/1 bathroom unit, creating an ideal live & earn opportunity! The home is in excellent overall condition, making for truly easy "landlording". Major upgrades were completed in 2013, including wiring, plumbing, furnace, & insulation (walls and attic). The roof was replaced in 2011, & renovated bathrooms, kitchen, & windows were completed in 2019. Two full sets of appliances are included. Additional highlights include loads of parking, a fully fenced yard w/ patio & handy garden shed, & a *walk-up lower level (SEPERATE ENTRANCE to LOWER) that could potentially be converted back to a triplex, unlocking even more income. This place is irrefutably loaded with value! Both units are currently rented month-to-month, offering flexibility for investors or owner-occupiers. Live in one unit with strong rental income, or rent both for maximum returns. Turn the key & go - such a good buy! Vacant possession of primary owner occupied 2-level unit available immediately if desired, or keep the owner in that unit at $2100/month + hydro. Excellent upper unit tenant on month to month terms at $1450 + hydro would be happy to stay. $42.6K per yr gross w/ minimal expenses (id:50976)
Property Details
|
MLS® Number
|
X12955672 |
|
Property Type
|
Multi-family |
|
Community Name
|
East G |
|
Amenities Near By
|
Hospital, Place Of Worship, Schools |
|
Community Features
|
Community Centre, School Bus |
|
Easement
|
Other |
|
Equipment Type
|
None |
|
Parking Space Total
|
5 |
|
Rental Equipment Type
|
None |
|
Structure
|
Patio(s), Porch |
Building
|
Bathroom Total
|
3 |
|
Bedrooms Above Ground
|
3 |
|
Bedrooms Below Ground
|
1 |
|
Bedrooms Total
|
4 |
|
Appliances
|
All, Water Heater |
|
Basement Development
|
Finished |
|
Basement Features
|
Walk Out |
|
Basement Type
|
N/a, N/a (finished) |
|
Exterior Finish
|
Brick |
|
Fire Protection
|
Smoke Detectors |
|
Foundation Type
|
Poured Concrete |
|
Heating Fuel
|
Natural Gas |
|
Heating Type
|
Forced Air |
|
Stories Total
|
2 |
|
Size Interior
|
1,100 - 1,500 Ft2 |
|
Type
|
Duplex |
|
Utility Water
|
Municipal Water |
Parking
Land
|
Access Type
|
Year-round Access |
|
Acreage
|
No |
|
Land Amenities
|
Hospital, Place Of Worship, Schools |
|
Sewer
|
Sanitary Sewer |
|
Size Depth
|
61 Ft ,3 In |
|
Size Frontage
|
38 Ft |
|
Size Irregular
|
38 X 61.3 Ft |
|
Size Total Text
|
38 X 61.3 Ft |
|
Zoning Description
|
R2-2 |
Utilities
|
Cable
|
Installed |
|
Electricity
|
Installed |
|
Wireless
|
Available |
|
Sewer
|
Installed |
https://www.realtor.ca/real-estate/29556224/981-lorne-avenue-london-east-east-g-east-g
