London, East A, N5Y 1N8
$499,900$000000
Listed by RE/MAX CENTRE CITY REALTY INC., BROKERAGE.
Fantastic opportunity here on this very unique property offering incredible flexibility and multiple uses. Note lower level of main house is full walkout with separate entrance/suite and that this property is located on a fenced double lot 83' x 226' deep with two driveways, detached single garage and a 50' x 24' (1,200 sq. ft.) fully insulated & heated shop (gas heater in working portion of shop-small portable heater in the additional living space located within the shop) built with permit in 1993 with two insulated garage doors & additional living space consisting of open concept living/kitchen, bedroom & full bath at the rear of the property. This property offers numerous possibilities: 1) large owner live in (up to 4 bedrooms in main house) with lower level suite for extended family plus shop 2) Owner live in on main & upper with income (easily $1200-$1300 monthly) from lower level suite with separate entrance plus shop 3) Straight rental on house plus shop across the board to generate a very high income. Very well maintained property with an abundance of parking and/or storage in the shop & at rear for hobbyists with boats, trailers, snowmobiles or ATV's etc. Main house features newer flooring and is freshly painted, replacement windows, two updated kitchens, two full baths (plus 3rd in shop), fabulous deck at rear overlooking the spacious rear yard & backyard patio. Lot is just under 1/2 acre on a quiet northeast street providing great highway access, on bus route, good proximity to schools (elementary and secondary) & essentially equidistant to Western U. & Fanshawe College. Lennox Elite gas furnace & Central Air, separate meters (one meter for main house, one for shop), and roof shingles in very good condition (high quality shingle approximately 8 years old). Water heater in shop is owned, rented in main house. Incredibly rare to find this combination of lot, property & shop within City limits at an affordable price point so don't hesitate on this one!
Dishwasher,Dryer,Refrigerator,Stove,Washer,Note: Total Inclusions Are: 3 Stoves, 3 Refrigerators, Dishwasher, Washer & Dryer In Basement
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The graph below compares the average list price and average sale price of homes in this neighborhood by month for the last 24 months. When average sale price is greater than average list price, this may suggest a buyer's market. When average sale price is lower than the average list price this may suggest a seller's market.
The graph below illustrates the average days on market for homes in this neighborhood. The yellow area may indicate a buyer's market, the green area may indicate a balanced market and the red area may indicate a seller's market.