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$ 699,000
Est. payment /mo
New
477 ELIZABETH STREET London East (east G), ON N5W3R9
5 Beds
4 Baths
3,000 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,000 sqft
Price per Sqft $233
Subdivision East G
MLS® Listing ID X12128241
Bedrooms 5
Originating Board London and St. Thomas Association of REALTORS®
Property Description
Incredible opportunity to own TWO fully updated properties with three self-contained units in a neighborhood thats experiencing a strong revitalization. Legal triplex just steps from the Western Fair Farmers Market, the historic Palace Theatre, Aeolian Hall, and the exciting transformation of 100 Kelloggs Lane, home to the brand-new Hard Rock Hotel. This area is turning the corner, attracting new development, culture, and community investment. This offering includes 663 Dufferin Avenue, a fully renovated two-bedroom unit currently rented for $1,800 per month, and 477 Elizabeth Street, which features both a main floor two-bedroom unit ( rented at $1,800/month, will be vacant June 1) and an upper bachelor unit at 477A, currently rented for $1,150/month to a long-term, respectful tenant. Excellent cap rate! Extensive updates have been completed over the past decade, including brand-new energy-efficient windows throughout both properties, new soffits, fascia, eavestroughs with gutter guards, and new porches at 477 Elizabeth. Interior renovations include updated flooring, modern light fixtures, faucets, sinks, toilets, and showers, with professionally refinished kitchen and bathroom cabinetry. Both the 477 Elizabeth main floor and 663 Dufferin units feature stainless steel appliances, while the 477A bachelor has a new kitchen and electric water heater. A new gas furnace has been installed in the 477 main floor unit, and all units have updated receptacles and switches. With two dependable tenants in place and a freshly vacated unit offering flexibility for new leasing or owner occupancy, this is a turnkey investment with excellent income potential in a transitioning neighborhood with strong long-term upside. (id:24570)
Location
Province ON
Rooms
Kitchen 1.0
Extra Room 1 Second level 4.37 m X 2.53 m Bathroom
Extra Room 2 Second level 4.15 m X 3.66 m Bedroom 3
Extra Room 3 Second level 7.04 m X 3.04 m Primary Bedroom
Extra Room 4 Basement 4.97 m X 3.76 m Laundry room
Extra Room 5 Basement 4.46 m X 3.43 m Laundry room
Extra Room 6 Main level 5.11 m X 3.87 m Kitchen
Interior
Heating Forced air
Exterior
Parking Features No
View Y/N No
Total Parking Spaces 3
Private Pool No
Building
Story 2
Sewer Sanitary sewer
Listed by TEAM GLASSER REAL ESTATE BROKERAGE INC.
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