$1,650,000

For sale

298 Hyman Street, London East (East F) - Multi-family for Sale

298 Hyman Street, London East (East F), Ontario, N6B2G7

6 baths3,150 ft²44 × 143 ft (6,292 sq ft) lot sizeListed 57 days ago

Overview

This multi-family property in London East is for sale offering roughly 3,150 sq ft of space. It has been on the market 57 days, fresher than the London East average of 73 days.

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Description

Exceptional investment opportunity in the heart of downtown, just steps from Victoria Park. This beautifully renovated multi-unit property offers six well-maintained units, including a stunning owner-occupied live-in suite designed with comfort and style in mind. Perfect for investors or owner-operators looking to enjoy downtown living while generating strong rental income. The property showcases quality updates throughout, blending character and charm with modern finishes. The live-in unit has been thoughtfully designed with spacious living areas, upgraded kitchen and bath features, and direct access to an incredible private outdoor retreat. Enjoy entertaining in the outdoor kitchen area or relaxing on the secluded patio space. Additional highlights include a detached garage which currently houses parking for one car work shop and storage, ample outdoor living space, and excellent curb appeal. Located in the vibrant core area, tenants and owners alike will appreciate being within walking distance to restaurants, entertainment, parks, transit, and all downtown amenities. A rare opportunity to own a turnkey multi-unit property in one of the city's most desirable central locations. (id:66096)

Property Details

MLS®: X13762420
Property Type: Multi-family
Business Type: Residential
Zoning: R3-2
Bathrooms: 6
Interior Size: 3,150 ft²
Lot Size: 44 × 143 ft (6,292 sq ft)
Frontage: 44 ft
Heating: Forced air, Natural gas
Cooling: Fully air conditioned
Property Tax: $9,136/yr
Listed: 57 days ago

Features

Appliances: Dishwasher, Wine Fridge, Oven, Microwave, Freezer

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

57d

London East (East F) listings, avg age

73d

Price / ft²

$524

List price

$1.65M

Haho

This multi-family in London East (East F) has been listed for 57 days, which is 16 days fresher than the city average of 73. Act while there is still low competition.

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Listed by ROYAL LEPAGE TRILAND REALTY · ED HASSAN

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N6B)

This home lists at $1,650,000, about 33.5× the local median household income of $49,200.

Carrying it typically needs a household income of about $322,303 (20% down, 25-yr amortization, stress-tested) — roughly 555% above the area median.

Median household income: $49,200
Population: 11,101
Median age: 38
Owner / renter: 23% / 77%
Avg. household size: 1.6

Source: Statistics Canada, 2021 Census (FSA N6B)

$1,650,000· $524/ft²

For sale

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Full Cost Breakdown

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Down Payment20% · $330,000

Min 20%50%

Mortgage payment$7,037/mo

Property tax (est.)$761/mo

Total monthly$7,798

Cash Needed to Close

Down payment (20%)$330,000

Land transfer tax$29,475

Est. closing costs$7,450

Total cash needed$366,925

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