Property Information:

This is the perfect money maker to bring home monthly passive income. Being sold at just over a 6.3 cap rate. This brand-new duplex features two spacious units, each with four bedrooms, ideally suited for families or groups. Additionally, there's a one-bedroom auxiliary dwelling unit in the back, offering extra rental potential or guest accommodations. Currently fully rented, the property generates a gross income of $8,100 per month, making it a lucrative investment opportunity. Located in the desirable Old North neighborhood, it provides convenient access to Western University and St. Joseph's Hospital, ideal for students and healthcare professionals alike. Each unit boasts a well-thought-out layout, with two bedrooms located on the upper level and two on the lower, ensuring privacy and comfort. Built less than six months ago, this property promises modern amenities and a fresh living experience in a vibrant community. Perfect for investors or homeowners looking for a prime location and steady rental income. (id:27)

Building Features:

Style: Duplex
Building Type: Duplex
Amenities: Separate Hydro Meters
Basement Type: Full
Easement: Sub Division Covenants
Exterior Finish: Brick, Vinyl siding
Floor Space: 1500 - 2000 sqft
Foundation Type: Concrete
Heating Type: Forced air
Heating Fuel: Natural gas
Cooling Type: Central air conditioning
Appliances:

Property Features:

Property Type: Multi-family
Bedrooms: 9
Bathrooms: 3
Half Bathrooms: 2
Features: Flat site
Floor Space (approx): 1500 - 2000 Square Feet
Irregular: Yes
Lot Depth: 110 Feet
Lot Frontage: 30 Feet
Lot Size: 30 x 110 FT
Utility Type: Wireless - Available, Sewer - Installed, Hydro - Available, Cable - Available
Zoning: R2-2
Sewer: Sanitary sewer
Parking Type: No Garage
No. of Parking Spaces: 5

Rooms:

Kitchen Main Level 3.20 m x 2.56 m
Living Main Level 5.97 m x 3.96 m
Kitchen Main Level 3.20 m x 2.56 m
Living Main Level 5.97 m x 3.96 m
Kitchen Main Level 4.72 m x 2.60 m
Living Main Level 3.38 m x 3.08 m
3rd Bedroom 3.29 m x 2.44 m
3rd Bedroom 3.29 m x 2.44 m
4th Bedroom 3.78 m x 2.44 m
4th Bedroom 3.78 m x 2.44 m
Primary Bedroom 3.38 m x 2.40 m
Primary Bedroom Upper Level 3.96 m x 3.05 m
Primary Bedroom Upper Level 3.96 m x 3.05 m
2nd Bedroom Upper Level 3.96 m x 2.60 m
2nd Bedroom Upper Level 3.96 m x 2.60 m

Convert Measurement to:

Courtesy of: SUTTON GROUP - SELECT REALTY

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Demographic Information of 822 MAITLAND STREET, London East (East B), Ontario, N5Y 2W5

Life Stage

Young Couples

Employment Type

Service Sector/White Collar

Average Household Income

$114,702.00

Average Number of Children

1.58

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

10.47 %

High school certificate or equivalent

26.45 %

Apprenticeship trade certificate/diploma

4.26 %

College/non-university certificate

25.26 %

University certificate (below bachelor)

1.37 %

University Degree

32.18 %

Commuter

Travel To Work

By Car

66.72 %

By Public Transit

17.84 %

By Walking

12.93 %

By Bicycle

2.51 %

By Other Methods

0.0 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

34.96 %

Houses

65.04 %

822 MAITLAND STREET, London East (East B), Ontario, N5Y 2W5