437 CHARLOTTE STREET|London East (East G), Ontario N5W4A5
| $ 514,900 | 5 days ago |
Property Description
Fully renovated in 2024, this spacious detached bungalow with separate units offers a strong investment opportunity and excellent flexibility for multi-generational living or owner-occupied rental income. Recent updates include a new roof, North Star windows, flooring, furnace, siding, quartz countertops, new doors and trims, updated kitchens on both levels, and modern bathrooms with new vanities, making this a truly turnkey property. Configured as a legal duplex-style setup, the property has a projected income of $4,000/month in total rental income: the main unit can rent for $2,400/month plus utilities, and the lowerunit can rent for $1,600/month with heat included and hydro separate. Each unit features its own kitchen, full bathroom, separate hydro/water/gas, individual laundry, and its own fireplace. A spacious den on the upper level adds even more functional living space, while durable vinyl flooring runs throughout both levels. Outside, the property offers parking for 5 large vehicles plus an additional garage space, rare for the area. Located within walking distance to the Hard Rock Hotel, Tim Hortons, Western Fair District, and nearby amenities, this location provides strong rental appeal and convenience. Whether you are an investor seeking a cash-flowing asset with an approx. 8.15% CAP rate, or a family looking for separate living spaces, this renovated bungalow delivers long-term value, versatility, and income potential. For those looking to offset living costs, this property is also an ideal live-in investment. You can comfortably reside in one unit while renting out the other to significantly reduce monthly expenses. With current market rents, the second unit can cover a substantial portion of the mortgage, utilities, and other household bills, making this home an excellent option for first-time buyers, downsizers, or families seeking affordability without compromising space or privacy. (42827932)
Property Highlights
🍎 Essential Lifestyle & Services
Enjoy the perfect balance of lifestyle and connectivity. You're just moments away from top-rated supermarkets, cafes, schools, parks, and essential healthcare facilities. For commuters, you have easy access to both GO Transit and local bus routes, making this the perfect location for your lifestyle.
📍 437 CHARLOTTE STREET|London East (East G), Ontario N5W4A5
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$ 514,900
5 days agoAvailable: 0 Square Feet
0 Square Feet |
$0.00 CAD
(0%)
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Investment Type
Onetime
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Profit
$514,900.00 CAD
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Profit Schedule
Onetime
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Capital Back
Yes
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Profit Return
After Investment Completion
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