3 Bedroom
2 Bathroom
1,500 - 2,000 ft2
Forced Air
Landscaped
$594,900
Welcome to your next opportunity at 64 Stanley Street, a City-approved legal duplex in South London, recently renovated to meet todays standards. Fully licensed with the City of London since 2023, this property has been updated for safety, compliance, and modern living. Significant updates include new eavestroughs and soffits (2025), roof on addition (2025), carpet in upstairs unit (2025), main floor fully renovated (2022), soundproof insulation between units (2022), and insulated exterior walls (2022). Electrical and plumbing have been fully updated with no knob-and-tube or lead pipes. Other improvements include a tankless water heater (2022), modern appliances (main 5, upper 4) installed in 2022, furnace (2015), and windows (2015). Combined with complete fire separation (45-minute burn rating), these upgrades make the duplex safe, efficient, and investor-ready. The main floor unit consists of high ceilings, stunning hardwood floors, and a modern kitchen and bathroom. The upstairs unit is very spacious with many updates and open concept living. Both units feature private entrances, functional layouts, and separate Hydro meters, providing ease of management while appealing to tenants. Live in one unit and lease the other or set your own rents with this fully vacant property. Financially, this duplex delivers strong returns, with projected gross rents of $43,200 per year and a projected Net Operating Income of $35,449, which equates to a cap rate of nearly 6% at the list price. The location is unbeatable: walk to Downtown London or the vibrant shops and cafés of Wortley Village, and enjoy transit, schools, and parks just minutes away. With legal compliance, modern updates, and immediate income, 64 Stanley Street is a turn-key investment you won't want to miss! (id:61594)
Property Details
|
MLS® Number
|
X12373480 |
|
Property Type
|
Multi-family |
|
Community Name
|
South F |
|
Amenities Near By
|
Public Transit, Park |
|
Equipment Type
|
Water Heater, Water Heater - Tankless |
|
Features
|
Wooded Area, Flat Site, Dry |
|
Parking Space Total
|
4 |
|
Rental Equipment Type
|
Water Heater, Water Heater - Tankless |
|
Structure
|
Deck |
Building
|
Bathroom Total
|
2 |
|
Bedrooms Above Ground
|
3 |
|
Bedrooms Total
|
3 |
|
Amenities
|
Separate Electricity Meters |
|
Appliances
|
Dishwasher, Dryer, Stove, Washer, Refrigerator |
|
Basement Development
|
Unfinished |
|
Basement Type
|
N/a (unfinished) |
|
Exterior Finish
|
Vinyl Siding |
|
Foundation Type
|
Block |
|
Heating Fuel
|
Natural Gas |
|
Heating Type
|
Forced Air |
|
Stories Total
|
2 |
|
Size Interior
|
1,500 - 2,000 Ft2 |
|
Type
|
Duplex |
|
Utility Water
|
Municipal Water |
Parking
Land
|
Acreage
|
No |
|
Land Amenities
|
Public Transit, Park |
|
Landscape Features
|
Landscaped |
|
Sewer
|
Sanitary Sewer |
|
Size Depth
|
198 Ft |
|
Size Frontage
|
36 Ft |
|
Size Irregular
|
36 X 198 Ft |
|
Size Total Text
|
36 X 198 Ft |
|
Surface Water
|
River/stream |
|
Zoning Description
|
R3-2 |
Rooms
| Level |
Type |
Length |
Width |
Dimensions |
|
Second Level |
Bathroom |
1.62 m |
3.33 m |
1.62 m x 3.33 m |
|
Second Level |
Living Room |
3.97 m |
4.19 m |
3.97 m x 4.19 m |
|
Second Level |
Kitchen |
2.34 m |
3.33 m |
2.34 m x 3.33 m |
|
Second Level |
Dining Room |
2.3 m |
2.06 m |
2.3 m x 2.06 m |
|
Second Level |
Primary Bedroom |
2.72 m |
2.59 m |
2.72 m x 2.59 m |
|
Second Level |
Bedroom |
3.4 m |
2.47 m |
3.4 m x 2.47 m |
|
Main Level |
Living Room |
3.68 m |
3.7 m |
3.68 m x 3.7 m |
|
Main Level |
Kitchen |
3.2 m |
4.09 m |
3.2 m x 4.09 m |
|
Main Level |
Dining Room |
3.68 m |
2.77 m |
3.68 m x 2.77 m |
|
Main Level |
Bedroom |
2.74 m |
4.4 m |
2.74 m x 4.4 m |
|
Main Level |
Bathroom |
2.22 m |
2.03 m |
2.22 m x 2.03 m |
https://www.realtor.ca/real-estate/28797616/64-stanley-street-london-south-south-f-south-f
