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    For Sale - 320 ASHLAND Avenue, London East, Ontario

    Est payment $2,064/mo
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    Views   1
    Time on Jump  19 day

    AI Summary *

    • Solid two-storey home on a quiet, tree-lined street with two separate units.
    • Upper unit has two bedrooms and the main-floor unit has one bedroom.
    • Tenant-occupied unit generates $1,600 monthly rent, excellent for investors.
    • Numerous updates including plumbing, electrical, basement waterproofing and insulation.
    • Fully fenced backyard with a detached garage and large front porch.




    This solid two-storey home offers an excellent opportunity for an owner-occupier or investor and is located on a quiet, tree-lined street. The property features two separate units, each with its own private entrance. The upper unit offers two bedrooms and one bathroom, while the main-floor unit is a spacious one-bedroom, one-bathroom suite. Unit 1 is currently tenant-occupied on a month-to-month lease and generates $1,600 per month in rent, inclusive of utilities, with a $100 cap for each utility. Unit 2 is currently vacant and provides an opportunity to be rented at market value. The property has separate hydro meters for each unit, as well as shared laundry facilities in the basement. The home has benefited from numerous important updates and improvements. In 2019, the basement was waterproofed and a sump pump was installed. The attic was also insulated, and the plumbing was upgraded, including both supply lines and drains. Most of the electrical system was upgraded in 2019 as well. The detached garage received a new electrical panel and electrical installation in 2021. The property has a roof dating to 2014, a furnace from 2013, and a hydro panel from 2011. In 2023, the property underwent a fire inspection, and the furnace was brought up to code for registration as a legal duplex. Outside, the property offers a nicely treed and fully fenced backyard, a detached garage, and a large front porch that adds to the home's curb appeal. With separate entrances, separate hydro meters, two self-contained living spaces, shared laundry, and numerous updates already completed, this property offers excellent flexibility for comfortable owner occupancy or long-term investment potential.
    Listing IDX13759540
    Address320 ASHLAND Avenue
    CityLondon East, Ontario
    Price$429,900
    Bed / Bath3 / 2 Full
    Style2-Storey, Duplex
    ConstructionAluminum Siding, Brick
    TypeMulti-Family
    StatusFor Sale

    Subtype DuplexIndoor Features NoneOutdoor Features Deck, Porch, Year Round LivingAmenities Fenced YardOwnership FreeholdWaterfront NoneBasement Separate Entrance, UnfinishedFoundation Concrete BlockHeating / Cooling Forced AirHeating Fuel GasSewer Sewer

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    Listing Brokerage: MAVERICK REAL ESTATE INC.

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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    320 Ashland Avenue
    London East , Ontario
    3 2 $429,900
    Get more info