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$759,000
London South
1 Southwood Crescent, London South (South D), Ontario, N6J1S8
This multi-family property in London South is for sale offering roughly 900 sq ft of space. It has been on the market 20 days, fresher than the London South average of 58 days.
Woohoo! Almost $50K in annual gross rental income! A single address offering two distinct living spaces, minimal management and strong income in the heart of South London. This well-maintained, tenanted duplex generates just over $4K per month in rental income.Unlike many traditional duplex conversions, both units offer above-grade living space with modern finishes, creating two bright and comfortable homes under one roof. The unique side-split design provides excellent separation between the units while maintaining the convenience and efficiency of a single property.The home is in immaculate condition and has been exceptionally well cared for by both occupants. Recent improvements include new flooring throughout the main floor, adding to the property's clean, modern and move-in-ready presentation.Situated on a generous corner lot, the property offers plenty of backyard space along with ample parking for up to four vehicles - valuable features for both current and future tenants.Located in a quiet, family-oriented South London neighbourhood, this property combines dependable rental income with a highly desirable residential setting close to parks, schools, shopping, transit and everyday amenities.This one is a must see in a prime South London location! (id:66096)
Features and services as supplied by the listing brokerage.
Active: 20 days on market, against an average age of 58 days across the listings currently for sale in this city
This 5-bed multi-family in London South (South D) has been listed for 20 days, which is 38 days fresher than the city average of 58. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $759,000, about 11.7× the local median household income of $65,000.
Carrying it typically needs a household income of about $148,259 (20% down, 25-yr amortization, stress-tested) — roughly 128% above the area median.
Source: Statistics Canada, 2021 Census (FSA N6J)
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Loading rates, 30-yr amortization
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