A remarkable investment opportunity in this legal and licensed duplex to occupy this newly renovated main floor unit which includes the partially finished lower level complete with 2 bedrooms, a second full bathroom, laundry and storage space while generating rental income from the upper unit. This remarkable property boasts a detached garage with potential storage above, partially fenced yard, inground sprinkler system both front and back, separate storage shed behind the garage and a large driveway with side spot for upper tenant. This exceptionally renovated main floor with updated kitchen, stainless steel appliances including microwave range hood, updated patio doors out to a newer deck plus renovated main floor bathroom, oak flooring throughout the main floor living space and vinyl in the kitchen and bathroom, updated light fixtures and windows (front window is the only original window) plus a separate front entry offering a large front coat closet. The upper unit is presently rented ($790 plus hydro) and offers 2 bedrooms, full bathroom, kitchen with patio doors to newer upper deck plus front living room space. Furnace 2005, Central air 2013, Hot Water Tank is owned 2022, Tenants pay hydro (separate meters). An extremely manageable property with great income potential. Conveniently located close to shopping, transit, schools and access to both Fanshawe College and downtown. A solid investment whether renting and adding to your investment portfolio or occupying one of the units in order to assist with your mortgage. A rare find. (id:4069)
Address
7 DURHAM STREET
List Price
$499,900
Property Type
Multi-family
Type of Dwelling
Duplex
Area
Ontario
Sub-Area
London
Bedrooms
6
Bathrooms
3
Floor Area
11,001,500 Sq. Ft.
Lot Size
45 x 97.4 FT ; 98.24 ft x 45.11 ft x 98.10 ft x 45.11ft Sq. Ft.
MLS® Number
X12107700
Listing Brokerage
ROYAL LEPAGE TRILAND REALTY
Basement Area
N/A (Partially finished)
Postal Code
N5Y2H9
Zoning
R1-5
Features
Level
Amenities
Separate Electricity Meters
