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INVESTORS! You're not going to want to miss this LEGAL, LICENSED DUPLEX with a potential 6.4% CAP RATE!!!! This all-brick two unit property with separate detached garage (bonus income potential) is located in a great neighbourhood with an easy commute to Fanshawe College, downtown London, parks, schools and more. The main unit combines comfort with functionality featuring three bedrooms, a generously sized kitchen and a living room with updated laminate flooring, vinyl windows and central air conditioning. This unit is currently rented to excellent tenants at market rent. With the spacious recently renovated two-bedroom lower-level unit being vacant, you can choose your own tenant or have a family member move in as well. Shared laundry is available in the common space making it an attractive feature for prospective tenants. Additional features include the home being equipped with a modern Nest thermostat and a newer furnace. Don't forget the entertainment options with nearby craft breweries and the bustling hubs of The Factory and Clubhouse. This property is perfect for investors looking for a turnkey investment, parents of students attending Fanshawe, and home-owners looking for income potential.
Dishwasher, Dryer, 2X Refrigerator, 2X Stove, Washer
City: London East
Neighborhood: East G
Listing Date | DOM | List Price | Sold Price | Event | MLS ID |
---|---|---|---|---|---|
Mar 27, 2025 | 70 | $599,900 | N/A | Terminated | X12044473 |
Purchase Price | $579900 |
Down Payment | $115980 |
Mortgage Insurance | $0 |
Total Mortgage | $463920 |
Mortgage Payment | $2859 |
Property Taxes | $347 |
Maintenance Fees | $0 |
Monthly Payment | $3206 |
Sold Comparables homes near 454 Salisbury St, London East
Located at 454 Salisbury St , this London East house is available for sale. This property was listed for $579,900 on Thu Jun 05 2025. This house's size is 700-1100 Sqft. It has 3 bedrooms and 2 bathrooms. The property includes the following rooms: Library, Kitchen, Primary, Br, Br, Living, Kitchen, Primary, Br, Furnace, Laundry. This property comes with 3 parking spots. 454 Salisbury St, London East is situated in the East G neighbourhood.
MLS#: X12198653 · $579,900 · 3 bedroom house in East G, London East