REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 429,900
Est. payment /mo
New
320 ASHLAND AVENUE London East (east M), ON N5W4E6
3 Beds
2 Baths
1,100 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1100 - 1500
Square Footage 1,100 sqft
Price per Sqft $390
Subdivision East M
MLS® Listing ID X13759540
Bedrooms 3
Property Description
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. (id:24570)
Location
Province ON
Rooms
Kitchen 2.0
Extra Room 1 Second level 3.91 m X 2.56 m Living room
Extra Room 2 Second level 3.4 m X 2.74 m Kitchen
Extra Room 3 Second level 3.5 m X 3.25 m Bedroom
Extra Room 4 Second level 3.5 m X 3.25 m Bedroom
Extra Room 5 Second level Measurements not available Bathroom
Extra Room 6 Main level 4.41 m X 3.5 m Living room
Interior
Heating Forced air
Cooling None
Exterior
Parking Features Yes
Fence Fenced yard
View Y/N No
Attached Garage No
Total Parking Spaces 5
Garage Yes
Private Pool No
Building
Story 2
Sewer Sanitary sewer
Listed by MAVERICK REAL ESTATE INC.
NEARBY SCHOOLS & PROPERTIES