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$399,999
London
797 HAMILTON Road, London, Ontario, N5Z1V2
This 4-bedroom, 3-bathroom home in London is for sale offering roughly 1,739 sq ft of space. Listed at $399,999, it is attractively priced about 36% below the $624,691 median asking price in London. It has been on the market 36 days, fresher than the London average of 63 days.
Looking for a project with real upside? 797 Hamilton Road is a duplex with a bonus in-law suite, giving you three units in total, with AC2 Zoning (Arterial Commercial). It's ready for a buyer who can see past a little wear and tear. Three separate entrances, one for each unit, open up plenty of options, whether that's rental income, space for extended family, or a small business setup that the commercial zoning allows. You'll also find parking at both the front and rear, plus a covered deck. Recent updates include all cast iron pipe replaced with PVC, a new lift pump, and a furnace and AC that come with a warranty. The second floor has fresh paint and new carpet, and the basement unit has an updated bathroom. Three fridges, three stoves, and a washer and dryer are included, so each unit is equipped from day one. The location is ideal, with Highway 401 access, shopping, schools, parks, churches, and restaurants all just minutes away. If you're handy, an investor, or someone who loves a good value-add opportunity, this one is worth a look. Bring your ideas, potential awaits! (id:66096)
Features and services as supplied by the listing brokerage.
Extended: 36 days on market, against an average age of 63 days across the listings currently for sale in this city
This 4-bed single family in London has been listed for 36 days, which is 27 days fresher than the city average of 63. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $399,999, about 6.2× the local median household income of $64,500.
Carrying it typically needs a household income of about $78,134 (20% down, 25-yr amortization, stress-tested) — roughly 21% above the area median.
Source: Statistics Canada, 2021 Census (FSA N5Z)
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Loading rates, 30-yr amortization
Cash Needed to Close
Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice
Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.