Re/max Premier Inc., Brokerage
9100 Jane St
Concord, ON
L4K 0A4
London, East E, N5W 3X1
$649,900
Listed by COLDWELL BANKER POWER REALTY.
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.
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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.
This property has been sold 4 times before. To view this property's sale price history please sign in or register: