125 ST JAMES STREET Active Save Request In-Person Tour Request Virtual Tour
London,ON N6A1W6
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Subdivision East B
MLS Listing ID X12042663
Bedrooms 5
Originating Board London and St. Thomas Association of REALTORS®
Property Description
Introducing an exceptional investment opportunity with this legally licensed, two-story solid brick duplex, perfectly situated in a AAA location just steps from Gibbons Park, scenic walking trails, St. Josephs Hospital, the University of Western Ontario, and Richmond Row. This property features a well-maintained main floor unit with two bedrooms and a spacious upper unit with three bedrooms, both above grade and equipped with their own basements, complete with laundry facilities. Each unit boasts its own furnace, air conditioning, and water heater, ensuring comfort and independence for tenants. The large double-wide driveway can accommodate up to six vehicles, enhancing convenience. Recent updates have kept both units in excellent condition. The current rental income includes Unit 1 (upper) at $2,202 per month (plus water and electricity, month-to-month), and Unit 2 (main) at $2,095 per month (plus water and electricity, under a one-year lease that started in February). This property has separate gas and hydro meters for each unit allowing for utilities to be charged back to the tenant. The addition of a durable metal roof enhances the property's longevity. Don't miss out on this fantastic opportunity. This duplex represents a sound investment venture for both seasoned and new property investors alike. (id:24570)
Location
State ON
Rooms
Kitchen 2.0
Extra Room 1 Basement 3.55 m X 4.95 m Utility room
Extra Room 2 Basement 3.27 m X 4.85 m Laundry room
Extra Room 3 Basement 6.08 m X 5.11 m Laundry room
Extra Room 4 Main level 3.87 m X 5.11 m Bedroom
Extra Room 5 Main level 2.4 m X 3.67 m Bedroom
Extra Room 6 Main level 4.52 m X 3.95 m Kitchen
Interior
Heating Forced air
Cooling Central air conditioning
Exterior
Parking Features No
View Y/N No
Total Parking Spaces 6
Private Pool No
Building
Story 2
Sewer Sanitary sewer