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

$1,299,000

MLS® # X12712510

Investment For Sale In North London, London East (East B), Ontario

$1,299,000

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

Courtesy of: SUTTON GROUP - SELECT REALTY

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This listing content provided by REALTOR.ca has been licensed by REALTOR® members of The Canadian Real Estate Association.

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