$775,000
$819,900
5.5%For more information regarding the value of a property, please contact us for a free consultation.
7 Beds
4 Baths
SOLD DATE : 07/31/2024
Key Details
Sold Price $775,000
Property Type Single Family Home
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
MLS Listing ID X8448370
Sold Date 07/31/24
Style Bungalow-Raised
Bedrooms 7
Annual Tax Amount $4,295
Tax Year 2023
Property Description
Attention Investors! 354 Cheapside St is a prime investment opportunity in Old North, London. This legal 7-bedroom house spans two levels with 4 full bathrooms, 2 kitchens, and 2 living rooms, offering functionality and space for Western students. The lower level has a separate entrance for added privacy. Just a short walk or bus ride to Western University and King's University College, and a 15-minute walk to downtown, this property is ideal for investors. Professionally managed, all rooms are fully leased, providing a stable income. The property holds a City of London rental license and generates $61,680 in annual gross income with strong cash flow. This solid raised brick bungalow has an updated metal roof, laminate and ceramic flooring, radiant in-floor heating throughout, and central air conditioning. Out front, the driveway and carport can accommodate up to 5 cars. This property presents an excellent opportunity to capitalize on London's rental market. Don't miss out on this turnkey investment - schedule your private viewing today.
Location
Province ON
County Middlesex
Community East B
Area Middlesex
Zoning R1-4
Region East B
City Region East B
Rooms
Family Room No
Basement Full, Finished
Kitchen 2
Separate Den/Office 4
Interior
Interior Features Water Heater Owned
Cooling Central Air
Exterior
Exterior Feature Patio
Parking Features Private Double
Garage Spaces 5.0
Pool None
Roof Type Metal
Lot Frontage 38.5
Lot Depth 97.0
Total Parking Spaces 5
Building
Foundation Concrete
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