Property Details

547 WILLIAM STREET, London East (East F), Ontario, N6B3E8

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For sale, ID#: X12342578
547 WILLIAM STREET
London East (East F) Ontario
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3 Beds
2 Bath
$619,900

Fantastic investment opportunity on this solid duplex in the heart of OLD NORTH-WOODFIELD VILLAGE with excellent opportunity to ADD SECONDARY DWELLING UNIT(S) ON THIS 150 FOOT LOT! Main floor is 2 bedrooms but could be 2 bedrooms plus den, upper level is large one bedroom with oversized kitchen and newer walk out deck overlooking beautiful mature yard. Tenants pay all utilities. LANDLORD ONLY PAYS WATER. Cap rate of 5.4 % but based on PRIOR rents which were under market value. Large front porch which is great outdoor space for main floor tenant. Parking for 2 cars. Fantastic opportunity for young buyers to get into the market and have one unit significantly support their mortgage payments. Prior rents on main were $1856 plus hydro and gas heating costs, upper unit $1600 plus hydro and heat (heated by hydro). Both water heaters are owned. Each unit has its own laundry. Updates include new steel roof and eavestroughs in 2025, newer rear decking off upper unit, furnace approx. 10 years old. 11 appliances included plus upper unit window air conditioner. Income: $41,472 (based on prior rents) Expenses: $8,049. Net: $33,423. (id:2471)

Representative
Mel & Tom Gormley
Mel & Tom GormleyBroker & Sales Representative
PLATINUM KEY REALTY INC.
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Property Details
  • Property Address: 547 WILLIAM STREET, London East (East F), Ontario, N6B3E8
  • Community Name: East F
  • Property Type: Single Family
  • Zoning Description: R3-2
  • Title: Freehold
  • Lot Size: 35 x 148.3 FT
  • Acreage: 35 x 148.3 FT
  • Sewage Type: Sanitary sewer
  • Water Type: Municipal water
  • Driveway: No Garage
  • Total Parking Spaces: 2
  • Maintenance Fee: 0.00
  • Amenities Nearby: Public Transit, Park, Place of Worship, Schools
Structure Details
  • Structure Style: House
  • Style: Detached
  • Storeys: 2
  • Floor Space: 1500 - 2000 sqft
  • Building Age: 100+ years
  • Bedrooms: 3
  • Bathrooms: 2-Total
  • Basement Type: Full
  • Heating Type: Natural gas, Forced air
  • Cooling: Wall unit
  • Exterior Type: Brick
  • Foundation Type: Brick
  • Appliances Included: Dishwasher, Dryer, Microwave, Two stoves, Two Washers, Window Coverings, Two Refrigerators
  • Structures: Deck
Amenities / Features
  • In-Law Suite
Neighbourhood Information

Listing Office: COLDWELL BANKER POWER REALTY

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547 WILLIAM STREET, London East (East F), Ontario, N6B3E8
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