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$559,900
London South
42 Bruce Street, London South (South F), Ontario, N6C1G6
This multi-family property in London South is for sale offering roughly 900 sq ft of space. It has been on the market 26 days, fresher than the London South average of 66 days.
Two self-contained units, $42,000 in projected annual rent in the heart of Wortley Village! 42 Bruce Street is a renovated Old South duplex ready to rent or house-hack. Walk to the shops, cafes and restaurants on Wortley Road, and downtown is minutes away. The main floor unit has 2 bedrooms, a living room, dining area and kitchen across about 1,183 sq ft, projected at $1,800 per month. The lower unit has 2 bedrooms, a large kitchen and its own separate entrance, projected at $1,700 per month. Each unit has in-suite laundry, a private backyard and its own parking, with 3 spaces in total. The work buyers usually inherit on a century home has already been handled: new PEX plumbing, furnace, central air, eavestroughs, soffits and fascia, a flat roof over the Juliette window, and a water barrier and drainage system with sump pump. Vinyl plank flooring runs through both units. Annual taxes are only $4,386.86. The 56 ft frontage and generous main floor give a buyer room to explore a third unit with the City. Inclusions: dishwasher, two washers, two dryers, two fridges, two stoves and two microwaves. Flexible possession. (id:66096)
Features and services as supplied by the listing brokerage.
Extended: 26 days on market, against an average age of 66 days across the listings currently for sale in this city
This 4-bed multi-family in London South (South F) has been listed for 26 days, which is 40 days fresher than the city average of 66. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $559,900, about 7.4× the local median household income of $75,500.
Carrying it typically needs a household income of about $109,368 (20% down, 25-yr amortization, stress-tested) — roughly 45% above the area median.
Source: Statistics Canada, 2021 Census (FSA N6C)
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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.