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LEGAL duplex in a very desirable location close to Western University on a cul-de-sac. The first unit includes 4 rooms two on the main floor and two in the finished basement. There is a full bathroom on both floors as well as a laundry unit, full kitchen on the main floor, and semi-kitchen in the basement (hotplate, fridge, microwave). The second, two-bedroom unit is at the back of the house and has its own separate and private entrance with a full kitchen, bath, deck, balcony and laundry unit. In addition to a porch deck, the back unit also has a balcony facing the spacious backyard. This house has a lot of rental potential with two, complete separate units and 6 rooms overall. It has been a very profitable and cash flow positive investment. It is currently rented out, so we require a min. 24-hour notice before holding showings. New roof (Sep 2022) on the front unit. Tremendous value for an investor or anyone wanting to live in one unit while renting out the rest of the house. The unique construction of front and back units provides extra privacy. Recently (2018) installed pot lighting and new appliances in the front unit. The house was fully renovated in 2008 and is very modern with a large parking lot. Prime area right at Oxford and Wharncliffe, desirable both for family living and student rentals. Take decision after a showing as this is a very unique property. Flexible closing.
City: London
Purchase Price | $780000 |
Down Payment | $156000 |
Mortgage Insurance | $0 |
Total Mortgage | $624000 |
Mortgage Payment | $3845 |
Property Taxes | $340 |
Maintenance Fees | $0 |
Monthly Payment | $4185 |
Sold Comparables homes near 12 Mcdonald Ave, London
Located at 12 Mcdonald Ave , this London house is available for sale. This property was listed for $740,000 on Sun Apr 28 2024. This house's size is 30.00 x 207.00 Feet. It has 6 bedrooms and 3 bathrooms. The property includes the following rooms: Br, Bathroom, Bathroom, Kitchen, Br, Br, Kitchen, Living, Bathroom, Br, Br, Living. This property comes with 6 parking spots.
MLS#: X8205828 · $740,000 · 6 bedroom house in London