23 Goodman Drive, London South (South T), Ontario, N5Z4G9
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$897,000
London South
This multi-family property in London South is for sale offering roughly 2,560 sq ft of space. It has been on the market 7 days, fresher than the London South average of 57 days.
Opportunity is knocking! Buy one property get 2 houses. Great property to add to your investment portfolio. The main house is a 4 level backsplit with an attached garage (currently rented $2500/mth). The second house is an "Additional Rental Unit". Built just 3 years ago with approvals and permits. There is alot here and a number of ways a buyer could use this property. Plenty of space for parking its perfect for an extended family or as an investment property with potential to develop up to 4 rental units with an estimated income over $7,000/mth. All set on a huge 1/3 acre on a very quiet cul de sac location with quick access to Hwy 401. (id:66096)
Features and services as supplied by the listing brokerage.
Just listed: 7 days on market, against an average age of 57 days across the listings currently for sale in this city
This multi-family in London South (South T) has been listed for 7 days, which is 50 days fresher than the city average of 57. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $897,000, about 13.9× the local median household income of $64,500.
Carrying it typically needs a household income of about $175,215 (20% down, 25-yr amortization, stress-tested) — roughly 172% above the area median.
Source: Statistics Canada, 2021 Census (FSA N5Z)
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Loading rates, 30-yr amortization
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