Property Attributes
- ID#X13818204
- TypeSingle Family
- Listing Status Active
- MunicipalityLondon North (North K)
- CityLondon North (North K)
- AreaNorth K
- NeighbourhoodNorth K
- Postal CodeN6G 1A1
- StyleBungalow
- Price$ 718,000
- Bedrooms6
- Bathrooms2
- Half Bathrooms0
Data Source:
Canadian Real Estate Association (CREA)
Property Description
DUPLEX ON THE THAMES RIVER!!! Exceptional investment opportunity with strong multi-unit income potential. This well-appointed duplex bungalow features a fully finished lower level and an outstanding location near downtown London and Western University. Residents enjoy convenient access to a wide range of amenities within walking distance, along with nearby public transit at Oxford Street and Western Road. The property also borders the Thames River and offers beautiful views of the river, Gibbons Park, and London's iconic Thames-Oxford Railway Bridge. The main level features three spacious bedrooms, a full kitchen, and a complete bathroom. The lower unit offers an additional three bedrooms, a separate full kitchen, and a full bathroom-providing versatile rental options and comfortable living space for tenants. Previously generating more than $51,000 in annual net income, based on rental income of approximately $717 per bedroom per month plus utilities, this property is designed for efficient cash flow. Both units are separately metered for hydro, while gas heating and water costs are shared between the tenants. With its rare riverfront setting, flexible layout, and proximity to downtown and Western University, this is a unique turnkey investment opportunity offering excellent long-term value. Don't miss your chance to own one of London's most distinctive income properties. (id:7434)
General Features
| Features | Cul-de-sac, Irregular lot size, Conservation/green belt |
|---|---|
| Easement | Unknown, None |
| Community Features | School Bus |
| Property Type | Single Family |
| Zoning Description | R2-3 (2) |
| CommunityName | North K |
| Building Age | 51 to 99 years |
| Building Appliances | Dryer, Microwave, Stove, Washer, Refrigerator |
| Building Architectural Style | Bungalow |
| Building Cooling Type | Central air conditioning |
| Location Description | Cross Streets: Gunn Street. ** Directions: NORTH OFF OXFORD AND EAST OFF OF GUNN STREET. |
| Parking Space Total | 6 |
| Foundation Type | Block |
| Building Type | House |
| Ownership Type | Freehold |
| Building.StoriesTotal | 1 |
Interior Features
| Building Fireplace Present | False |
|---|---|
| Building Heating Type | Forced air |
| Building Heating Fuel | Natural gas |
| Basement Development | Finished |
| Basement Type | Full (Finished) |
| Construction Style Attachment | Detached |
| Living Area Range | 1100 |
| Bedrooms | 6 |
Exterior Features
| Water Front Name | Thames River |
|---|---|
| Water Front Type | Waterfront |
| ViewType | City view, River view, View of water, Direct Water View |
| Sewer | Sanitary sewer |
| Exterior Finish | Concrete Block, Shingles |
Room Details
| Room | Dimensions | Level | Flooring | Details |
|---|---|---|---|---|
| Bathroom | 2.33 m x 1.99 m | Main level | 1.99 m | |
| Bedroom 2 | 3.58 m x 3.16 m | Main level | 3.16 m | |
| Bedroom 3 | 3.49 m x 3.16 m | Main level | 3.16 m | |
| Bedroom 4 | 3.27 m x 3.58 m | Lower level | 3.58 m | |
| Bedroom 5 | 2.98 m x 3.58 m | Lower level | 3.58 m | |
| Kitchen | 5.66 m x 4.24 m | Main level | 4.24 m | |
| Living room | 5.91 m x 3.93 m | Main level | 3.93 m | |
| Primary Bedroom | 4.03 m x 4.38 m | Main level | 4.38 m |
Amenities
- Views
- New Construction
- Adult 55+
- Lease To Own
- No Strata Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in N6G 1A1
In The Neighbourhood
London North (North K)
$ 599,900
- Type
- Single Family
- Rooms
- 5 Beds + 2.5 Baths
London North (North K)
$ 2,950
- Type
- Single Family
- Rooms
- 5 Beds + 2 Baths
London North (North K)
$ 989,000
- Type
- Single Family
- Rooms
- 4 Beds + 3 Baths
London North (North K)
$ 749,000
- Type
- Single Family
- Rooms
- 3 Beds + 3.5 Baths
London North (North K)
$ 454,900
- Type
- Single Family
- Rooms
- 2 Beds + 2 Baths
London North (North K)
$ 789,900
- Type
- Single Family
- Rooms
- 5 Beds + 3 Baths
London
$ 849,900
- Type
- Single Family
- Size
- 3,260 SqFt
- Rooms
- 4 Beds + 3.5 Baths