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Shelley Good

sgood@everyavenue.ca +1(905) 334-3260

$ 619,900

Est. payment -/mo

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547 William ST London East, ON N6B 3E8

2 Beds

2 Baths

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 1500-2000

Subdivision East F

MLS Listing ID X12342400

Style 2-Storey

Bedrooms 2

Building Age 100+

Annual Tax Amount $5,349

Tax Year 2024

Property Sub-Type Duplex

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.

Location

Province ON

County Middlesex

Community East F

Area Middlesex

Zoning R3-2

Rooms

Family Room No

Basement Full

Kitchen 2

Interior

Interior Features In-Law Suite

Cooling Wall Unit(s)

Inclusions 2 Refrigerators, 2 Stoves, 2 Dishwashers, 2 Washers, 2 Dryers, Microwave, window coverings

Exterior

Exterior Feature Deck

Parking Features Front Yard Parking

Pool None

Roof Type Fibreglass Shingle

Lot Frontage 35.0

Lot Depth 148.25

Total Parking Spaces 2

Building

Foundation Brick

Others

Senior Community No

Virtual Tour https://youtu.be/lbi22HgnHwQ

Listed by COLDWELL BANKER POWER REALTY

Shelley Good

Broker | License ID: 5002688

+1(905) 334-3260

Shelley Good

547 William ST London East, ON N6B 3E8

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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547 William ST

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