547 WILLIAM STREET, London East (East F)

2025-10-03
 

Quick Summary

Location
547 WILLIAM STREET, London East (East F), Ontario N6B3E8
Price
$599,900 CAD
Status:
For Sale
Property Type:
Multi-family
Area:
1500 - 2000 sqft
Bedrooms:
2
Bathrooms:
2
Video Link:

MLS®#X12444158

Property Description

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:32467)

Property Features

Ammenities Near By

  • Ammenities Near By: Public Transit, Park, Place of Worship, Schools

Building

  • Appliances: Dishwasher, Dryer, Microwave, Two stoves, Two Washers, Window Coverings, Two Refrigerators
  • Basement Type: Full
  • Cooling Type: Wall unit
  • Exterior Finish: Brick
  • Fireplace: No
  • Interior Size: 1500 - 2000 sqft
  • Building Type: Duplex
  • Stories: 2
  • Utility Water: Municipal water

Features

  • Feature: In-Law Suite

Land

  • Land Size: 35 x 148.3 FT
  • Sewer: Sanitary sewer

Structure

  • Structure: Deck

Zoning

  • Description: R3-2

Information entered by COLDWELL BANKER POWER REALTY
Listing information last updated on: 2025-10-23 00:34:40


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$500,000

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