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465 Ontario Street London, Ontario N5W 3X1

6 Bedroom 3 Bathroom
Fireplace Central Air Conditioning Baseboard Heaters

$649,900

Fully licensed legal duplex located on quiet Old East Village street steps to great shops, restaurants, parks, trails and walking distance to downtown London. This beautifully maintained yellow brick duplex is perfect for both investors and owner occupiers looking to live in one unit and pay down a significant portion of their mortgage with the rents from the other unit. This building is extremely easy to manage with each unit conveniently having their own separate private driveway, laundry facilities, hydro meters and heat. Landlord is only responsible to pay the water. The large main floor/lower level unit features 3-4 spacious bedrooms, a bonus office/den, 2 full bathrooms, main floor laundry, an open concept kitchen with quartz countertops & stainless appliances, welcoming family room & formal dining area. 3 parking spaces available on separate private drive. The main floor unit will be vacant as of September 1, 2024, allowing the new Buyer to set their own rents or owner occupy. Current market rents for this main floor unit are approximately $2,650 plus hydro & gas for a family or $3,200 plus hydro & gas for students. The upstairs unit features 2 spacious bedrooms, a family room, kitchen and 4pc bathroom. There are 2 parking spaces available on a separate private drive. The upstairs unit is currently on lease at fair market value for $1,600 plus hydro from May 1, 2024 April 30, 2025. Both units are in fantastic condition. Private fully fenced yard in rear great for activities and pets. Lovely covered porch in front perfect for morning coffees or evening cocktails. Recent upgrades include a new gas furnace (2020), A/C (2020), 125 AMP electrical panel, and new painting & lighting throughout. This is a perfect opportunity to get into the market and own your own home in desirable Old East Village. City of London Rental License and upstairs lease attached in the documents tab. (id:20872)

Property Details

MLS® Number X8483742
Property Type Single Family
Community Name East E
Amenities Near By Park, Public Transit, Schools
Community Features Community Centre
Equipment Type Water Heater
Parking Space Total 5
Rental Equipment Type Water Heater
Structure Porch

Building

Bathroom Total 3
Bedrooms Above Ground 4
Bedrooms Below Ground 2
Bedrooms Total 6
Amenities Separate Electricity Meters
Basement Development Finished
Basement Type Full (finished)
Cooling Type Central Air Conditioning
Exterior Finish Brick
Fireplace Present Yes
Foundation Type Block
Heating Fuel Natural Gas
Heating Type Baseboard Heaters
Stories Total 2
Type Duplex
Utility Water Municipal Water

Land

Acreage No
Land Amenities Park, Public Transit, Schools
Sewer Sanitary Sewer
Size Depth 104 Ft
Size Frontage 42 Ft
Size Irregular 42 X 104 Ft ; 104.42 Ft X 42.09 X 104.43 X 42.73 Ft
Size Total Text 42 X 104 Ft ; 104.42 Ft X 42.09 X 104.43 X 42.73 Ft
Zoning Description R3-2

Rooms

Level Type Dimensions
Second Level Living Room 4.84 m x 4.76 m
Second Level Kitchen 4.13 m x 3.14 m
Second Level Bathroom 2.37 m x 1.71 m
Second Level Bedroom 3.04 m x 3.94 m
Second Level Bedroom 2.76 m x 3.94 m
Basement Bedroom 5.12 m x 3.4 m
Basement Bathroom 2.56 m x 1.53 m
Main Level Living Room 3.87 m x 3.82 m
Main Level Dining Room 4.45 m x 13.9 m
Main Level Kitchen 3.83 m x 3.59 m
Main Level Bedroom 3.77 m x 2.65 m
Main Level Bathroom 1.54 m x 3.54 m

https://www.realtor.ca/real-estate/27098668/465-ontario-street-london-east-e

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