$375,000

For sale

719 Elias Street, London East (East G) - Multi-family for Sale

719 Elias Street, London East (East G), Ontario, N5W3N8

4 beds2 baths2 parking1,750 ft²20 × 116 ft (2,285 sq ft) lot sizeListed 49 days ago

Overview

This multi-family property in London East is for sale offering roughly 1,750 sq ft of space. It has been on the market 49 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

Look no further if you are looking to get into the rental market or add to your existing portfolio. This duplex has been extensively renovated, with new flooring, kitchen, bathrooms, painting, steel entrance doors. There have been updates to the exterior along with some windows. This is a low maintenance property and could make a great long term investment with a great return. The main level features a kitchen, dining room, livingroom, 2 bedrooms and a 4 piece bath. The upper unit features a kitchen, dining/livingroom, 2 bedrooms and a 4 piece bath. This is a great opportunity to get into the rental market and take a step to secure your future financially. (id:66096)

Property Details

MLS®: X13803064
Property Type: Multi-family
Bedrooms: 4
Beds (above / below): 2 above · 2 below
Bathrooms: 2
Parking: 2
Interior Size: 1,750 ft²
Lot Size: 20 × 116 ft (2,285 sq ft)
Frontage: 20 ft
Storeys: 2
Basement: Unfinished, Partial
Heating: Forced air, Natural gas
Cooling: None
Garage: No Garage
Property Tax: $2,632/yr
Listed: 49 days ago

Rooms

Main level

Living room: 5.3 x 3.2 meters
Bedroom 2: 2.2 x 2 meters
Dining room: 3 x 3 meters
Kitchen: 4 x 3.1 meters
Primary Bedroom: 2.4 x 2 meters
Bathroom: 3.7 x 1.8 meters

Second level

Bathroom: 2.2 x 1.7 meters
Bedroom 2: 3 x 2.8 meters
Primary Bedroom: 3.3 x 2.9 meters
Kitchen: 2.7 x 2.5 meters

Features

Appliances: Two stoves, Two Refrigerators
Foundation: Block, Concrete, Brick
Exterior: Brick
Lot Features: Wooded area, Flat site, Carpet Free

Services

Water: Municipal water
Sewer: Sanitary sewer
Utilities: Sewer, Electricity

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

49d

London East (East G) listings, avg age

70d

Price / ft²

$214

List price

$375K

Haho

This 4-bed multi-family in London East (East G) has been listed for 49 days, which is 21 days fresher than the city average of 70. Act while there is still low competition.

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Listed by RE/MAX Tri-County Realty Inc Brokerage · John Klassen

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N5W)

This home lists at $375,000, about 5.8× the local median household income of $64,500.

Carrying it typically needs a household income of about $73,251 (20% down, 25-yr amortization, stress-tested) — roughly 14% above the area median.

Median household income: $64,500
Population: 24,740
Median age: 40.4
Owner / renter: 59% / 41%
Avg. household size: 2.1

Source: Statistics Canada, 2021 Census (FSA N5W)

$375,000· $214/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $18,750

Min 5%50%

Mortgage payment$1,975/mo

↳ CMHC premium ($14,250 capitalized)

Property tax (est.)$219/mo

Total monthly$2,194

Cash Needed to Close

Down payment (5%)$18,750

Land transfer tax$4,100

Est. closing costs$3,625

Total cash needed$26,475

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