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$729,000
London
5 FRONT Street, London, Ontario, N6C1K4
This multi-family property in London is for sale offering roughly 7,455 sq ft of space.
A rare opportunity for a unique buyer. The property is zoned as a 3 bedroom per unit duplex. It falls under the Upper Thames River Conservation Authority, and therefore is not permitted to utilize more than 3 bedrooms, per duplex unit, for a total of 6 beds. Buyer will need to work with the city of London and the conservation authority to convert back to conforming duplex. Basement + top floor not permitted to be used, must be stripped of electrical heating and plumbing by buyer. Previously approved plans are available for new buyer to replicate with their planner. Conveniently located on a bus route, it offers easy access to downtown via a quick bike ride or drive. Teranet Property description is Duplex property code 332. Property is being sold Power of Sale everything as is, where is and being sold without any representations or warranties. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 256 days on market, against an average age of 62 days across the listings currently for sale in this city
This 6-bed multi-family in London is available now. Want me to connect you with the agent or keep you posted on any price updates?
Approximate location — exact address confirmed upon showing
This home lists at $729,000, about 9.7× the local median household income of $75,500.
Carrying it typically needs a household income of about $142,399 (20% down, 25-yr amortization, stress-tested) — roughly 89% above the area median.
Source: Statistics Canada, 2021 Census (FSA N6C)
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Loading rates, 30-yr amortization
Cash Needed to Close
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