98 Elmwood Avenue East, London South (South G), Ontario, N6C1J5

For saleJust listed

Today

$1000K

98 Elmwood Avenue East, London South (South G), Ontario, N6C1J5

3,309 ft²Lot size 78 × 260 ft (20,353 sq ft)

Listed by ROYAL LEPAGE TRILAND REALTY

362 Wortley Road, London South (South G), Ontario, N6C3S2

For sale

149 days ago

$925K

362 Wortley Road, London South (South G), Ontario, N6C3S2

5 bd3 ba6 pk1,750 ft²Lot size 33 × 100 ft (3,300 sq ft)

Listed by CENTURY 21 FIRST CANADIAN CORP

Investment analysis

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$925,000

London South

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$925,000

For saleJust listed

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362 Wortley Road, London South (South G) - Multi-family for Sale

362 Wortley Road, London South (South G), Ontario, N6C3S2

5 beds3 baths6 parking1,750 ft²33 × 100 ft (3,300 sq ft) lot sizeListed 2 days ago

Overview

This multi-family property in London South is for sale offering roughly 1,750 sq ft of space. It has been on the market 2 days, fresher than the London South average of 34 days.

Multi-Family Properties for Sale in London South →All real estate in London South →

Description

Located in the heart of highly desirable Old South, this solid concrete-built DUPLEX with a third legal unit offers a rare turnkey investment opportunity in one of London's most sought-after neighbourhoods. Well maintained for decades, this property features three self-contained units with private entrances. The main floor offers a spacious 2-bedroom , 1- bathroom unit with ensuite laundry, the second floor features a vacant 2-bedroom, 1-bathroom unit with ensuite laundry, and the lower level contains a bachelor suite with a full bathroom and ensuite laundry. Parking is located at the rear of the building. A quality-built asset in a prime location just minutes from Wortley Village, parks, restaurants, shopping, and downtown London. An excellent opportunity for investors seeking strong cash flow, long-term appreciation, and generational wealth through real estate ownership. Book your private showing today! (id:66096)

Property Details

MLS®: X14137002
Property Type: Multi-family
Zoning: R2-2
Bedrooms: 5
Beds (above / below): 4 above · 1 below
Bathrooms: 3
Parking: 6
Interior Size: 1,750 ft²
Lot Size: 33 × 100 ft (3,300 sq ft)
Frontage: 33 ft
Storeys: 2
Basement: Apartment in basement, N/A
Heating: Natural gas
Cooling: Window air conditioner
Garage: No Garage
Property Tax: $5,079/yr
Listed: 2 days ago

Rooms

Main level

Living room: 3.47 x 5.24 meters
Bedroom: 2.93 x 3.47 meters
Bedroom 2: 3.14 x 3.2 meters
Kitchen: 4.24 x 3.54 meters

Lower level

Den: 3.75 x 3.54 meters
Kitchen: 3.08 x 2.29 meters
Utility room: 4.6 x 2.68 meters
Foyer: 4.18 x 1.98 meters
Living room: 3.23 x 3.41 meters

Second level

Features

Appliances: Washer, Refrigerator, Stove, Dryer
Foundation: Poured Concrete
Exterior: Concrete

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

London South (South G) listings, avg age

34d

Price / ft²

$529

List price

$925K

Haho

This 5-bed multi-family in London South (South G) has been listed for 2 days, which is 32 days fresher than the city average of 34. Act while there is still low competition.

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Listed by CENTURY 21 FIRST CANADIAN CORP · DURGA PRASAD AARIPAKA

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N6C)

This home lists at $925,000, about 12.3× the local median household income of $75,500.

Carrying it typically needs a household income of about $180,685 (20% down, 25-yr amortization, stress-tested) — roughly 139% above the area median.

Median household income: $75,500
Population: 30,629
Median age: 41.6
Owner / renter: 57% / 44%
Avg. household size: 2.1

Source: Statistics Canada, 2021 Census (FSA N6C)

$925,000· $529/ft²

For sale

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Full Cost Breakdown

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Down Payment7.30% · $67,500

Min 7.30%50%

Mortgage payment$4,754/mo

↳ CMHC premium ($34,300 capitalized)

Property tax (est.)$423/mo

Total monthly$5,177

Cash Needed to Close

Down payment (7.30%)$67,500

Land transfer tax$14,975

Est. closing costs$5,275

Total cash needed$87,750

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