125 St James ST new Save Request In-Person Tour Request Virtual Tour
London,ON N6A 1W6
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Subdivision East B
MLS Listing ID X12042663
Style 2-Storey
Bedrooms 5
Annual Tax Amount $6,654
Tax Year 2024
Property Sub-Type Duplex
Property Description
Introducing an exceptional investment opportunity with this legally licensed, two-story solid brick duplex, perfectly situated in a AAA location just steps from Gibbons Park, scenic walking trails, St. Josephs Hospital, the University of Western Ontario, and Richmond Row. This property features a well-maintained main floor unit with two bedrooms and a spacious upper unit with three bedrooms, both above grade and equipped with their own basements, complete with laundry facilities. Each unit boasts its own furnace, air conditioning, and water heater, ensuring comfort and independence for tenants. The large double-wide driveway can accommodate up to six vehicles, enhancing convenience. Recent updates have kept both units in excellent condition. The current rental income includes Unit 1 (upper) at $2,202 per month (plus water and electricity, month-to-month), and Unit 2 (main) at $2,095 per month (plus water and electricity, under a one-year lease that started in February). This property has separate gas and hydro meters for each unit allowing for utilities to be charged back to the tenant. The addition of a durable metal roof enhances the property's longevity. Don't miss out on this fantastic opportunity. This duplex represents a sound investment venture for both seasoned and new property investors alike.
Location
Province ON
County Middlesex
Community East B
Area Middlesex
Zoning R3-2
Rooms
Family Room Yes
Basement Unfinished,Separate Entrance
Kitchen 2
Interior
Interior Features Storage,Sump Pump,Separate Hydro Meter,Separate Heating Controls,On Demand Water Heater
Cooling Central Air
Inclusions MAIN FLOOR UNIT- Existing Fridge, Stove, Washer, Dryer. UPPER UNIT- Fridge, Stove, Dishwasher, Built-in Microwave, Washer, Dryer.
Exterior
Parking Features Private Double
Pool None
Roof Type Metal
Lot Frontage 38.25
Lot Depth 126.75
Total Parking Spaces 6
Building
Foundation Unknown
Others
Senior Community No