INVESTORS! Youre not going to want to miss this LEGAL, LICENSED DUPLEX with a potential 6.4% CAP RATE!!!! This all-brick two unit property with separate detached garage (bonus income potential) is located in a great neighbourhood with an easy commute to Fanshawe College, downtown London, parks, schools and more. The main unit combines comfort with functionality featuring three bedrooms, a generously sized kitchen and a living room with updated laminate flooring, vinyl windows and central air conditioning. This unit is currently rented to excellent tenants at market rent. With the spacious recently renovated two-bedroom lower-level unit being vacant, you can choose your own tenant or have a family member move in as well. Shared laundry is available in the common space making it an attractive feature for prospective tenants. Additional features include the home being equipped with a modern Nest thermostat and a newer furnace. Don't forget the entertainment options with nearby craft breweries and the bustling hubs of The Factory and Clubhouse. This property is perfect for investors looking for a turnkey investment, parents of students attending Fanshawe, and home-owners looking for income potential. (id:4555)
PROPERTY SPECS
Listing ID X12044473
Address 454 SALISBURY STREET
City London, ON
Price $599,900
Bed / Bath 5 / 2 Full
Style Bungalow
Construction Brick
Land Size 45 x 115 FT
Type House
Status For sale
EXTENDED FEATURES
AppliancesDishwasher, Dryer, Refrigerator, Stove, WasherBasementN/ABasement FeaturesApartment in basement, Separate entranceParking3Amenities NearbyHospital, Public Transit, SchoolsCommunity FeaturesSchool BusEquipmentWater HeaterFeaturesLaneOwnershipFreeholdRental EquipmentWater HeaterCoolingCentral air conditioningFoundationConcreteHeatingForced airHeating FuelNatural gasUtility WaterMunicipal waterDate Listed2025-03-27 14:01:02Days on Market26Parking3