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$ 729,000
Est. payment /mo
New
12 MCDONALD AVE London, ON N6G 1B1
6 Beds
3 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Subdivision East A
MLS Listing ID X12050184
Style 2-Storey
Bedrooms 6
Annual Tax Amount $4,300
Tax Year 2024
Property Sub-Type Duplex
Property Description
LEGAL duplex in a very desirable location close to Western University on a cul-de-sac. The first unit includes 4 rooms two on the main floor and two in the finished basement. There is a full bathroom on both floors as well as a laundry unit, full kitchen on the main floor, and semi-kitchen in the basement (hotplate, fridge, microwave). The second, two-bedroom unit is at the back of the house and has its own separate and private entrance with a full kitchen, bath, deck, balcony and laundry unit. In addition to a porch deck, the back unit also has a balcony facing the spacious backyard. This house has a lot of rental potential with two, complete separate units and 6 rooms overall. It has been a very profitable and cash flow positive investment. It is currently rented out, so we require a min. 24-hour notice before holding showings. New roof (Sep 2022) on the front unit. Tremendous value for an investor or anyone wanting to live in one unit while renting out the rest of the house. The unique construction of front and back units provides extra privacy. Recently (2018) installed pot lighting and new appliances in the front unit. The house was fully renovated in 2008 and is very modern with a large parking lot. Prime area right at Oxford and Wharncliffe, very desirable both for family living and student rentals. Take decision after a showing as this is a very unique property. Flexible closing. Link to videos and more photos - https://drive.google.com/drive/folders/1bZebZieRMjUyI7VSLnzhtfxqFILsjZCt. The rear unit is rented out for 1,250 and one basement room for 800, . 3 rooms are still vacant which should yield between 2,500-2,800.
Location
Province ON
County Middlesex
Community East A
Area Middlesex
Zoning R2-3(2)
Rooms
Basement Finished, Full
Kitchen 3
Interior
Interior Features Accessory Apartment
Cooling Central Air
Inclusions All appliances and ELFs. 2 sets of washer-dryer, 3 fridges, dishwasher, 2 stoves, cooking plate, 3 microwaves.
Exterior
Parking Features None
Pool None
Roof Type Asphalt Shingle
Total Parking Spaces 6
Building
Foundation Concrete
New Construction false
Lited by RIGHT AT HOME REALTY