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Maria Tompson
Sales Representative
Your Company Name, Brokerage
Independently owned and operated.
sales@bestforagents.com

 

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$389,500
Available - For Sale
Listing ID: X12955672
AMAZINGLY PRICED LONDON, ON DUPLEX! Superior Up-&-Down LEGAL DUPLEX (w/ TRI-PLEX potential*) in Old East Village! This well-maintained LEGAL duplex (formerly a TRI-PLEX) is ideally located in a desirable pocket of Old East Village, close to schools, playgrounds, shopping, Western Fair District, & countless other amenities. Featuring separate entrances & separate hydro meters, this property offers flexibility, privacy, & proven strong income. The spacious main unit spans two levels & offers 2 bedrooms with the potential to be used as 3 bedrooms (given the additional living space in lower level) along with an impressive 2 FULL bathrooms. This unit feels like a full house, making it perfect for owner-occupiers or families seeking space & comfort. Helping to offset your mortgage is a great upper-level tenant in the 1 bedroom/1 bathroom unit, creating an ideal live & earn opportunity! The home is in excellent overall condition, making for truly easy "landlording". Major upgrades were completed in 2013, including wiring, plumbing, furnace, & insulation (walls and attic). The roof was replaced in 2011, & renovated bathrooms, kitchen, & windows were completed in 2019. Two full sets of appliances are included. Additional highlights include loads of parking, a fully fenced yard w/ patio & handy garden shed, & a *walk-up lower level (SEPERATE ENTRANCE to LOWER) that could potentially be converted back to a triplex, unlocking even more income. This place is irrefutably loaded with value! Both units are currently rented month-to-month, offering flexibility for investors or owner-occupiers. Live in one unit with strong rental income, or rent both for maximum returns. Turn the key & go - such a good buy! Vacant possession of primary owner occupied 2-level unit available immediately if desired, or keep the owner in that unit at $2100/month + hydro. Excellent upper unit tenant on month to month terms at $1450 + hydro would be happy to stay. $42.6K per yr gross w/ minimal expenses.
Price $389,500
Taxes: $3,588
Occupancy by: Owner+T
Address: 981 Lorne Avenue , London East, N5W 3L4, Middlesex
Directions/Cross Streets: Woodman Ave
Rooms: 4
Rooms +: 3
Bedrooms: 3
Bedrooms +: 1
Washrooms: 3
Family Room: T
Basement: Walk-Out
Finished
No. of Pieces Level
Washroom 1:  4 Second
Washroom 2:  3 Main
Washroom 3:  3 Lower
Washroom 4:  0
Washroom 5:  0
Property Type: Duplex
Style: 2-Storey
Exterior: Brick
Garage Type: None
(Parking/)Drive: Private Do
Drive Parking Spaces: 5
Park #1
Parking Type: Private Do
Park #2
Parking Type: Private Do
Park #3
Parking Type: Other
Pool: None
Approximatly Square Footage: 1100-1500
Property Features: Hospital
Rec./Commun.Centre
CAC Included: N
Water Included: N
Cabel TV Included: N
Common Elements Included: N
Heat Included: N
Parking Included: N
Condo Tax Included: N
Building Insurance Included: N
Fireplace/Stove: N
Heat Type: Forced Air
Central Air Conditioning: Other
Central Vac: N
Laundry Level: Syste
Ensuite Laundry: F
Sewers: Sewer
Utilities-Cable: Y
Utilities-Hydro: Y
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ROYAL LEPAGE TRILAND REALTY

981 Lorne Avenue , London East, N5W 3L4, Middlesex

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Maria Tompson
Sales Representative
Dir:
416-548-7854
Bus:
416-548-7854
Fax:
416-981-7184

 
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Type: Freehold - Duplex
Area: Middlesex
Municipality: London East
Neighbourhood: East G
Style: 2-Storey
Lot Size: x 61.25(Feet)
Approximate Age:
Tax: $3,588
Maintenance Fee: $0
Beds: 3+1
Baths: 3
Garage: 0
Fireplace: N
Air Conditioning:
Pool: None
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Maria Tompson Sales Representative Your Company Name, Brokerage Independently owned and operated. pic Cell: 416-548-7854 | Office: 416-548-7854 Personal Pic
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