822 MAITLAND STREET, London East (East B), Ontario, N5Y2W5
MLS: X12712510 | Duplex
$1,299,000
Property Description
This is the perfect money maker to bring home monthly passive income. Being sold at just over a 6.3 cap rate. This brand-new duplex features two spacious units, each with four bedrooms, ideally suited for families or groups. Additionally, there's a one-bedroom auxiliary dwelling unit in the back, offering extra rental potential or guest accommodations. Currently fully rented, the property generates a gross income of $8,100 per month, making it a lucrative investment opportunity. Located in the desirable Old North neighborhood, it provides convenient access to Western University and St. Joseph's Hospital, ideal for students and healthcare professionals alike. Each unit boasts a well-thought-out layout, with two bedrooms located on the upper level and two on the lower, ensuring privacy and comfort. Built less than six months ago, this property promises modern amenities and a fresh living experience in a vibrant community. Perfect for investors or homeowners looking for a prime location and steady rental income. (id:64974)
Quick Facts
- Property Type: Duplex
- Bedrooms: 9 (9 above)
- Bathrooms: 3 (2 half)
- Attached: Yes
- Parking: 5 spaces (No Garage)
- Frontage: 30 ft (9.1 m)
Costs
- Annual Taxes: $1,860.80
Listing Provided by: SUTTON GROUP - SELECT REALTY
Board: London and St. Thomas Association of REALTORS®
Data provided via CREA DDF®.
Detailed Features
Interior & Systems
- Heating: Forced air, Natural gas
- Cooling: Central air conditioning
- Basement: Full
- Appliances: Water Heater
- Utilities: Sewer, Electricity, Cable, Wireless
Exterior & Construction
- Exterior: Brick, Vinyl siding
- Foundation: Concrete
- Sewer: Sanitary sewer
- Water: Municipal water
Lot & Land
- Frontage: 30 ft (9.1 m)
- Features: Flat site
- Zoning: R2-2
Community & Neighbourhood
- Building: Separate Electricity Meters
- Neighbourhood: East B
Room Details (15 rooms)
Listing Information
Listing History
Buy/Sell/Terminated/Expired listing history for 822 MAITLAND STREET, London East (East B), Ontario, N5Y2W5
Location & Neighborhood
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