$549,900

For sale

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338 HAMILTON Road, London East (East L) - Multi-family for Sale

338 HAMILTON Road, London East (East L), Ontario, N5Z1R5

3 beds3 baths3 parking ft²

878 Trafalgar Street, London East (East L), Ontario, N5Z1E8

4 bd2 ba2 pk1,750 ft²Lot size 36 × 146 ft (5,212 sq ft)

Listed by BLUE FOREST REALTY INC.

724 York Street, London East (East L), Ontario, N5W2S8

For sale

62 days ago

$1.80M

724 York Street, London East (East L), Ontario, N5W2S8

22 bd22 ba40 pkLot size 62 × 270 ft (16,767 sq ft)

Listed by THRIVE REALTY GROUP INC.

61-63 DILLABOUGH Street, London East (East L), Ontario, N5Z2B9

For sale

97 days ago

$729K

61-63 DILLABOUGH Street, London East (East L), Ontario, N5Z2B9

3 bd2 ba2 pkLot size 76 × 99 ft (7,541 sq ft)

Listed by KELLER WILLIAMS LIFESTYLES

235 Hamilton Road, London East (East L), Ontario, N5Z1P9

For sale

135 days ago

$770K

235 Hamilton Road, London East (East L), Ontario, N5Z1P9

11 bd6 baLot size 39 × 108 ft (4,256 sq ft)

Listed by ROCK STAR REAL ESTATE INC.

Investment analysis

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$549,900

London East

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43 × 126 ft (5,448 sq ft) lot size

Overview

This multi-family property in London East is for sale offering roughly 2,250 sq ft of space. It has been on the market 63 days, fresher than the London East average of 70 days.

Multi-Family Properties for Sale in London East →All real estate in London East →

Description

Welcome to 338 Hamilton Road! A fantastic opportunity to own a 2-storey triplex featuring three separate units, offering excellent potential for both investors and first-time home buyers. This property provides the flexibility to generate rental income from multiple units while building long-term equity. Ideal for an investor looking to expand their portfolio or an owner-occupant looking to live in one unit while benefiting from potential rental income from the others. Conveniently located close to everyday amenities, shopping, schools, public transit and major routes. Don't miss this great income-producing opportunity! "VIRTUALLY STAGED PICTURES". (id:66096)

Property Details

MLS®: X13738184
Property Type: Multi-family
Zoning: AC-2
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 3
Parking: 3
Interior Size: 2,250 ft²
Lot Size: 43 × 126 ft (5,448 sq ft)
Frontage: 43 ft
Storeys: 2
Basement: Unfinished, Partial
Heating: Forced air, Natural gas
Cooling: None
Garage: No Garage
Property Tax: $4,660/yr
Listed: 63 days ago

Rooms

Ground level

Kitchen: 3.56 x 2.67 meters
Living room: 4.09 x 3.18 meters
Bedroom: 3.2 x 2.87 meters

Lower level

Kitchen: 2.52 x 1.96 meters
Living room: 4.09 x 3.18 meters
Bedroom: 2.9 x 2.57 meters

Upper Level

Living room: 3.73 x 2.87 meters
Kitchen: 2.64 x 2.39 meters
Bedroom: 2.9 x 2.57 meters

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Features

Foundation: Block
Exterior: Brick, Vinyl siding

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

63d

London East (East L) listings, avg age

70d

Price / ft²

$244

List price

$550K

Haho

This 3-bed multi-family in London East (East L) has been listed for 63 days, which is 7 days fresher than the city average of 70. Act while there is still low competition.

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Listed by HOMELIFE/DIAMONDS REALTY INC. · SIM SUMMAN

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N5Z)

This home lists at $549,900, about 8.5× the local median household income of $64,500.

Carrying it typically needs a household income of about $107,415 (20% down, 25-yr amortization, stress-tested) — roughly 67% above the area median.

Median household income: $64,500
Population: 24,067
Median age: 40
Owner / renter: 62% / 38%
Avg. household size: 2.3

Source: Statistics Canada, 2021 Census (FSA N5Z)

$549,900· $244/ft²

For sale

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Full Cost Breakdown

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Down Payment5.45% · $29,990.00

Min 5.45%50%

Mortgage payment$2,882/mo

↳ CMHC premium ($20,796 capitalized)

Property tax (est.)$388/mo

Total monthly$3,271

Cash Needed to Close

Down payment (5.45%)$29,990

Land transfer tax$7,473

Est. closing costs$4,150

Total cash needed$41,613

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