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Royal LePage
Royal LePage
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$514,999

London East ON, N5W 3Y9

MLS® # X12530434

Property Information:

Amazing Investment Opportunity Located in the heart of London! This turn-key, low maintenance legal duplex in Old East Village will be an amazing addition to your portfolio. Close to downtown, Western Fair Farmer's Market and all amenities including bus routes to both Fanshawe College and UWO. Perfect for anyone looking for a spacious, cash flowing investment or a mortgage helper to ease your payments. This building features 2 spacious units has an extensive list of recent updates: Three Hydro meters and updated Electrical Panels (2022), Roof (2014), Siding/eavestrough/soffits/fascia (2021), Updated plumbing (2021), Furnace (2019), Fence (2020-2021). In addition, there is coin-operated shared laundry and plenty of parking. Separate entrances for both units and the full unfinished basement for storage/workshop. Fully rented to high-quality A+ tenants for a total of $3,400/month - $1,650 for Unit 1 and $1,750 for Unit 2. (id:27)

Building Features:

  • Style: Multiplex
  • Building Type: Duplex
  • Basement Development: Unfinished
  • Basement Type: Full
  • Exterior Finish: Aluminum siding, Brick
  • Floor Space: 1100 - 1500 sqft
  • Foundation Type:
  • Heating Type: Forced air
  • Heating Fuel: Natural gas
  • Cooling Type: Central air conditioning

Property Features:

  • Property Type: Multi-family
  • Bedrooms: 4
  • Bathrooms: 2
  • Floor Space (approx): 1100 - 1500 Square Feet
  • Irregular: Yes
  • Lot Depth: 100.3 Feet
  • Lot Frontage: 32.3 Feet
  • Lot Size: 32.4 x 100.3 FT
  • Zoning: R3-2
  • Sewer: Sanitary sewer
  • Parking Type: No Garage
  • No. of Parking Spaces: 4

Rooms:

  • Primary Bedroom 13.30 m x 10.30 m
  • 2nd Bedroom 9.00 m x 13.20 m
  • 3rd Bedroom 8.11 m x 13.20 m
  • Dining 18.50 m x 10.11 m
  • Kitchen 12.10 m x 9.10 m
  • Bathroom 5.10 m x 9.10 m
  • Bathroom 6.60 m x 7.10 m
  • Laundry 7.80 m x 8.70 m

Convert Measurement to:


Courtesy of: EXP REALTY

REALTOR.ca  

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⚠ Potential Investment Performance

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Location of 553 QUEBEC STREET, London East, Ontario, N5W 3Y9

Demographic Information of 553 QUEBEC STREET, London East, Ontario, N5W 3Y9

Life Stage

Midlife Families

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$88,060.07

Average Number of Children

1.59

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

21.48 %

High school certificate or equivalent

26.05 %

Apprenticeship trade certificate/diploma

6.36 %

College/non-university certificate

26.05 %

University certificate (below bachelor)

1.69 %

University Degree

18.38 %

Commuter

Travel To Work

By Car

80.13 %

By Public Transit

10.91 %

By Walking

3.8 %

By Bicycle

0.7 %

By Other Methods

4.46 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

34.61 %

Houses

65.39 %

Own Vs. Rent

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