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Royal LePage
Royal LePage
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$499,900

London East (East L) ON, N5Z 1P1

MLS® # X12508646

Property Information:

Excellent investment opportunity with ONE VACANT RENOVATED UNIT! Welcome to 784 Little Grey Street, a well-maintained duplex on a large deep lot in the heart of London, perfect for first-time investors, house hackers, or those looking to expand their real estate portfolio. The main floor unit (Unit A) features three bedrooms and a four-piece bathroom, currently rented for $2047.95 plus electricity, while the upper unit (Unit B) offers two bedrooms, a four-piece bathroom, and has been recently renovated and is currently vacant. Each unit is separately metered for electricity, with tenants paying their own electricity and the landlord covering gas and water. The property includes many updates such as new click vinyl flooring in Unit A, a new washing machine in Unit A, a large shed added in 2021, one owned tankless water heater, one rented water heater, and an owned hot water radiator system. With parking for four vehicles (three tandem and one single) and a prime location near 100 Kellogg Lane, Western Fair Market, trendy restaurants, cocktail lounges, microbreweries, coffee shops, florists, bakeries, and the downtown core, this property offers versatility, reliable income, and long-term growth potential. Rent receipts available on request. (id:27)

Building Features:

  • Style: Duplex
  • Building Type: Duplex
  • Amenities: Separate Hydro Meters
  • Basement Development: Finished
  • Basement Type: Full
  • Exterior Finish: Vinyl siding
  • Floor Space: 1500 - 2000 sqft
  • Foundation Type: Block
  • Heating Type: Baseboard heaters, Radiant heat, Not known
  • Heating Fuel: Other
  • Cooling Type: None
  • Appliances:

Property Features:

  • Property Type: Multi-family
  • Bedrooms: 5
  • Bathrooms: 2
  • Amenities Nearby: Public Transit
  • Community Features: School Bus
  • Floor Space (approx): 1500 - 2000 Square Feet
  • Irregular: Yes
  • Lot Depth: 140 Feet
  • Lot Frontage: 40 Feet
  • Lot Size: 40 x 140 FT
  • Utility Type: Hydro - Installed, Sewer - Installed
  • Zoning: RD2-2
  • Parking Type: No Garage
  • No. of Parking Spaces: 4

Rooms:

  • Bathroom 2nd Level 2.74 m x 2.90 m
  • Bathroom Main Level 2.74 m x 2.90 m

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⚠ Potential Investment Performance

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Location of 784 LITTLE GREY STREET, London East (East L), Ontario, N5Z 1P1

Demographic Information of 784 LITTLE GREY STREET, London East (East L), Ontario, N5Z 1P1

Life Stage

Young Couples

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$76,516.63

Average Number of Children

1.72

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

31.89 %

High school certificate or equivalent

35.1 %

Apprenticeship trade certificate/diploma

6.57 %

College/non-university certificate

18.88 %

University certificate (below bachelor)

0.57 %

University Degree

6.99 %

Commuter

Travel To Work

By Car

77.74 %

By Public Transit

13.06 %

By Walking

5.56 %

By Bicycle

0.0 %

By Other Methods

3.64 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

33.74 %

Houses

66.26 %

Own Vs. Rent

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