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Royal LePage
Royal LePage
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$599,900

3 Beds

2 Baths

1500 - 2000 FEETSQ

QuickQuoteTM: $503K - $674K

London East (East F) ON, N6B 3E8

MLS® # X12444163

Property Information:

Fantastic investment opportunity on this solid duplex in the heart of OLD NORTH-WOODFIELD VILLAGE with excellent opportunity to ADD SECONDARY DWELLING UNIT(S) ON THIS 150 FOOT LOT! Main floor is 2 bedrooms but could be 2 bedrooms plus den, upper level is large one bedroom with oversized kitchen and newer walk out deck overlooking beautiful mature yard. Tenants pay all utilities. LANDLORD ONLY PAYS WATER. Cap rate of 5.4 % but based on PRIOR rents which were under market value. Large front porch which is great outdoor space for main floor tenant. Parking for 2 cars. Fantastic opportunity for young buyers to get into the market and have one unit significantly support their mortgage payments. Prior rents on main were $1856 plus hydro and gas heating costs, upper unit $1600 plus hydro and heat (heated by hydro). Both water heaters are owned. Each unit has its own laundry. Updates include new steel roof and eavestroughs in 2025, newer rear decking off upper unit, furnace approx. 10 years old. 11 appliances included plus upper unit window air conditioner. Income: $41,472 (based on prior rents) Expenses: $8,049. Net: $33,423. (id:27)

Building Features:

  • Style: Detached
  • Building Type: House
  • Air Conditioning: Yes
  • Basement Type: Full
  • Construction Style - Attachment: Detached
  • Exterior Finish: Brick
  • Floor Space: 1500 - 2000 sqft
  • Foundation Type:
  • Heating Type: Forced air
  • Heating Fuel: Natural gas
  • Cooling Type: Wall unit
  • Appliances: Dishwasher, Dryer, Microwave, Two stoves, Window Coverings

Property Features:

  • OwnershipType: Freehold
  • Property Type: Single Family
  • Bedrooms: 3
  • Bathrooms: 2
  • Amenities Nearby: Public Transit, Park, Schools
  • Features:
  • Floor Space (approx): 1500 - 2000 Square Feet
  • Irregular: Yes
  • Lot Depth: 148.3 Feet
  • Lot Frontage: 35.0 Feet
  • Lot Size: 35 x 148.3 FT
  • Structure Type: Deck
  • Zoning: R3-2
  • Sewer: Sanitary sewer
  • Parking Type: No Garage
  • No. of Parking Spaces: 2

Courtesy of: COLDWELL BANKER POWER REALTY

REALTOR.ca  

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Location of 547 WILLIAM STREET, London East (East F), Ontario, N6B 3E8

Demographic Information of 547 WILLIAM STREET, London East (East F), Ontario, N6B 3E8

Life Stage

Young Couples

Employment Type

Service Sector/White Collar

Average Household Income

$103,386.05

Average Number of Children

1.52

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

9.01 %

High school certificate or equivalent

27.73 %

Apprenticeship trade certificate/diploma

4.17 %

College/non-university certificate

22.71 %

University certificate (below bachelor)

1.46 %

University Degree

34.92 %

Commuter

Travel To Work

By Car

68.02 %

By Public Transit

10.63 %

By Walking

16.14 %

By Bicycle

2.25 %

By Other Methods

2.96 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

70.2 %

Houses

29.8 %

Own Vs. Rent

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