Excellent well-kept duplux More Photos

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    For Sale - 981 Lorne Avenue, London East, Ontario

    Est payment $1,870/mo
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    Time on Jump  1 days

    AI Summary *

    • Well-maintained legal duplex with potential for tri-plex conversion.
    • Two-level main unit with flexibility for extra bedroom space.
    • Upper unit provides strong rental income to offset mortgage costs.
    • Recent major upgrades ensure easy maintenance and modern amenities.
    • Convenient location near schools, shopping, and recreational areas.




    Amazingly priced london, on duplex! Superior up-&-down legal duplex (w/ tri-plex potential*) in old east village! This well-maintained legal duplex (formerly a tri-plex) is ideally located in a desirable pocket of old east village, close to schools, playgrounds, shopping, western fair district, & countless other amenities. Featuring separate entrances & separate hydro meters, this property offers flexibility, privacy, & proven strong income. The spacious main unit spans two levels & offers 2 bedrooms with the potential to be used as 3 bedrooms (given the additional living space in lower level) along with an impressive 2 full bathrooms. This unit feels like a full house, making it perfect for owner-occupiers or families seeking space & comfort. Helping to offset your mortgage is a great upper-level tenant in the 1 bedroom/1 bathroom unit, creating an ideal live & earn opportunity! The home is in excellent overall condition, making for truly easy "landlording". Major upgrades were completed in 2013, including wiring, plumbing, furnace, & insulation (walls and attic). The roof was replaced in 2011, & renovated bathrooms, kitchen, & windows were completed in 2019. Two full sets of appliances are included. Additional highlights include loads of parking, a fully fenced yard w/ patio & handy garden shed, & a *walk-up lower level (seperate entrance to lower) that could potentially be converted back to a triplex, unlocking even more income. This place is irrefutably loaded with value! Both units are currently rented month-to-month, offering flexibility for investors or owner-occupiers. Live in one unit with strong rental income, or rent both for maximum returns. Turn the key & go - such a good buy! Vacant possession of primary owner occupied 2-level unit available immediately if desired, or keep the owner in that unit at $2100/month + hydro. Excellent upper unit tenant on month to month terms at $1450 + hydro would be happy to stay. $42. 6k per yr gross w/ minimal expenses.
    Listing IDX12955672
    Address981 Lorne Avenue
    CityLondon East, Ontario
    Price$389,500
    Bed / Bath4 / 3 Full
    Style2-Storey, Duplex
    ConstructionBrick
    TypeMulti-Family
    StatusFor Sale

    Subtype DuplexIndoor Features OtherOutdoor Features Patio, PorchAmenities Hospital, Rec./Commun.Centre, Place Of Worship, School, School Bus RouteOwnership FreeholdWaterfront NoneBasement Walk-Out, FinishedFoundation Poured ConcreteHeating / Cooling Forced AirHeating Fuel GasSewer Sewer

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    Listing Agency:  ROYAL LEPAGE TRILAND REALTY

    * 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.

    Hospital
    Parks
    Schools
    Place of Worship
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    981 Lorne Avenue
    London East , Ontario
    4 3 $389,500
    Get more info