London, South Y, N6E 1G2
$649,900
Listed by GOLD EMPIRE REALTY INC..
Discover this prime investment property in a highly desirable area of South London, just minutes from Highway 401 for ultimate convenience. Perfect for investors, homeowners looking to generate rental income, or those eager to house hack, this duplex offers incredible potential with vacant possession available from April 1st. The property features two well-designed units: a spacious main floor unit with 3 bedrooms and 1 full bath, and a cozy basement unit with 2 bedrooms and 1 full bath. Both units come with the added convenience of private laundry, making it an attractive choice for tenants.With a current rental income of $4,200 per month plus utilities, and both units becoming vacant soon (main floor: end of February, basement: end of March), you have the opportunity to maintain or even improve the rental potential with new tenants. Alternatively, you can live in one unit and rent out the other, significantly offsetting your mortgage and housing costs. Situated in a sought-after neighborhood, this property attracts quality tenants and offers easy access to major amenities, schools, parks, and transit. Whether youre an investor, a first-time homebuyer, or looking for a multi-family setup, this duplex is a fantastic opportunity to build equity and reduce housing expenses in a thriving area. Dont miss out on this versatile property book your showing today and envision the possibilities!
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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 6 times before. To view this property's sale price history please sign in or register: