$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
Total Parking Spaces 5
Building
Foundation Concrete
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