165 King Edward Avenue, London South, ON N5Z 3T5

London South N5Z 3T5 Ontario

MLS: X12468561

$675,000

Added 2 days ago | For Sale

Listed by: SUTTON GROUP-ADMIRAL REALTY INC.

About Property

Solid, highly profitable, and meticulously maintained legal duplex featuring two spacious 3-bedroom units - with potential to convert into a triplex via the unfinished basement. This licensed rental property has high-quality, reliable tenants paying market rents and all utilities - a built-in hedge against inflation. Both main units have been renovated and include en-suite laundry, dishwashers, spacious kitchens, and ample closet space. The basement, currently vacant, offers a separate entrance, high ceilings, ample square footage, and is already wired via a dedicated sub-panel - ideal for conversion into a third unit (zoning R2-2(10)). The home is full of character and natural light, with a private backyard shared by both units, featuring mature trees, berry bushes, an outdoor dining area, and a shared storage shed. Additional highlights include: 200 AMP electrical service, Separate hydro meters (2), Fire code compliance (2023), Plenty of parking. Perfect for investors or multi-generational families, this property is located in a quiet, family-friendly neighborhood. A bus stop is right at the doorstep, and it's just steps from a park, with schools, groceries, the hospital, and Highway 401 nearby. Financials and a list of recent capital improvements are available upon request

Features

  • House Style:Investment
  • Bathrooms:
  • Land Size: 75 X 90
  • Water:Municipal
  • Garage Spaces: /None
  • Driveway:
  • Heating Fuel:
  • Cross Street:Gladstone Ave & Dieppe St
  • Basement: ,
  • Possession Date:TBD
  • Annual Property taxes: $3050
  • Bedrooms:
  • Total Parking Spaces:6
  • Parking Places:6
  • Heating Type:Baseboard
  • Pool Type:
  • Exterior:
  • Direction Facing:
  • Front Footage:
  • Listing ID:X12468561

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