6 Bedroom
2 Bathroom
2,000 - 2,500 ft2
Central Air Conditioning
Forced Air
$849,900
Turnkey licensed duplex in prime Old North location-steps to Gibbons Park and walking distance to UWO, St. Josephs Hospital, and Downtown London. High-demand rental area with proximity to transit, shopping, and entertainment as well as direct bus route to UWO. This extremely well-maintained property features a private double drive and 5 designated parking spots-rare and income-generating. Upper unit offers 4 bedrooms at $3,339/month. Main floor is a 2 bedroom unit leased at $2,100/month. Both units are leased until April 30, 2026. Annual rental income: $65,268 + $1,800/year from parking = $67,068 total. Each unit has in-suite laundry. Owner pays heat ($1,835/year) and hydro ($3,246/year). Recent upgrades include new furnace and a/c (2018), roof and skylights (2016), owned water heater and fresh paint throughout. Strong cap rate with potential for rent increases upon tenant turnover. This is an exceptional investment in a high-demand location with proven income and long-term value growth. (id:61594)
Property Details
|
MLS® Number
|
X12130084 |
|
Property Type
|
Multi-family |
|
Community Name
|
East B |
|
Amenities Near By
|
Hospital, Park, Schools |
|
Equipment Type
|
Water Heater |
|
Features
|
Flat Site, Guest Suite, In-law Suite |
|
Parking Space Total
|
5 |
|
Rental Equipment Type
|
Water Heater |
|
Structure
|
Deck |
Building
|
Bathroom Total
|
2 |
|
Bedrooms Above Ground
|
6 |
|
Bedrooms Total
|
6 |
|
Age
|
100+ Years |
|
Appliances
|
Water Heater, Dishwasher, Dryer, Two Stoves, Two Washers, Two Refrigerators |
|
Basement Development
|
Unfinished |
|
Basement Type
|
Full (unfinished) |
|
Cooling Type
|
Central Air Conditioning |
|
Exterior Finish
|
Brick |
|
Fire Protection
|
Smoke Detectors |
|
Foundation Type
|
Poured Concrete |
|
Heating Fuel
|
Natural Gas |
|
Heating Type
|
Forced Air |
|
Stories Total
|
2 |
|
Size Interior
|
2,000 - 2,500 Ft2 |
|
Type
|
Duplex |
|
Utility Water
|
Municipal Water |
Parking
Land
|
Acreage
|
No |
|
Fence Type
|
Fenced Yard |
|
Land Amenities
|
Hospital, Park, Schools |
|
Sewer
|
Sanitary Sewer |
|
Size Depth
|
164 Ft ,1 In |
|
Size Frontage
|
41 Ft |
|
Size Irregular
|
41 X 164.1 Ft |
|
Size Total Text
|
41 X 164.1 Ft|under 1/2 Acre |
|
Zoning Description
|
R3-2 |
Utilities
|
Cable
|
Installed |
|
Wireless
|
Available |
https://www.realtor.ca/real-estate/28272494/808-talbot-street-london-east-east-b-east-b
