1905 Wavell Street, London East (East H), Ontario, N5W2E3




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$649,000
London East
This multi-family property in London East is for sale offering roughly 2,250 sq ft of space. It has been on the market 39 days, fresher than the London East average of 69 days.
An exceptional value-add opportunity for the savvy investor. Triplex on an oversized 8,568 sq ft R3-3 lot with legal fourplex potential as-of-right - rare density upside most listings can't offer. Located in London's established Argyle neighbourhood, minutes to Argyle Mall, East Lions Community Centre, Veterans Memorial Parkway and Highway 401, with London International Airport under 10 minutes away - a location that consistently drives strong, stable rental demand. Walking distance to schools, parks, transit and everyday shopping, appealing to a broad tenant pool.Three self-contained units (3BR/2BR/2BR), each separately metered for hydro, owner pays water. Two driveways provide ample parking for all units. Built 1962, offering a blank canvas for capital improvements and long-term value creation. A standout opportunity for investors looking to build equity through density, location, and upgrades. Estate sale. Contact listing agent for full details. (id:66096)
Features and services as supplied by the listing brokerage.
Extended: 39 days on market, against an average age of 69 days across the listings currently for sale in this city
This 7-bed multi-family in London East (East H) has been listed for 39 days, which is 30 days fresher than the city average of 69. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $649,000, about 10.1× the local median household income of $64,500.
Carrying it typically needs a household income of about $126,772 (20% down, 25-yr amortization, stress-tested) — roughly 97% above the area median.
Source: Statistics Canada, 2021 Census (FSA N5W)
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Loading rates, 30-yr amortization
Cash Needed to Close
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