London, ON N6A 2A6,354 Cheapside ST
London, ON N6A 2A6,354 Cheapside ST
London, ON N6A 2A6,354 Cheapside ST
London, ON N6A 2A6,354 Cheapside ST
London, ON N6A 2A6,354 Cheapside ST
London, ON N6A 2A6,354 Cheapside ST
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$775,000

$819,900

5.5%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

Est. payment /mo

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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Listed by COLDWELL BANKER POWER REALTY
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"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(416) 816-5514

lilithak@yahoo.com

8854 Yonge St, L4C 0T, Hill, Ontario, Canada

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