$1,279,900
London South
757 Nadine Avenue, London South (South R), Ontario, N6C4R6
This multi-family property in London South is for sale offering roughly 4,250 sq ft of space. It has been on the market 28 days, fresher than the London South average of 55 days.
Opportunity knocks! This TURN KEY Multi Family property is currently a legal duplex with 3 additional units for additional multi-generational buyers or short term rentals. Also, add this property to your long term portfolio with zoning R1-8 permitting an apartment building, no minor variance required or the TSA Zone permitting a wide variety of uses. Just minutes to shopping, restaurants, LHSC and 401. This impeccable property features 7 Bedrooms & 5 bathrooms and rebuilt to the studs from 2014-2022. All new plumbing, wiring, shingles, siding, upgraded vinyl flooring, 2 furnaces, 2 central air conditioners, 2 on demand water heaters (owned), 200 amp panel, insulated interior/exterior walls for extra sound reduction. All 5 custom kitchens. Double attached garage with interior access. Every unit has 2 entrances/exits plus connects to another unit inside. Unit 1 main floor with front porch has living room, den, kitchen with gas stove, dishwasher and refrigerator plus 2 bedrooms, 4 pc bathroom, laundry and covered patio. Unit 2 lower level offers 2 entrances plus egress window, galley kitchen with quartz counters, dishwasher and refrigerator. 1 bedroom, 4 pc bathroom, living room, dining room and laundry. Unit 3 is located upstairs and features 1 bedroom, den, living room, 4 pc bathroom, eat in kitchen with dishwasher, refrigerator, microwave with roast/bake option, laundry and access to large deck. Unit 4 is located upstairs with 2 bedrooms, 4 pc bathroom, open concept living room, dining area, kitchen with gas stove, dishwasher, refrigerator & washer/dryer. At the back is a large deck. Unit 5 is on the main floor and features an open concept living room, dining and kitchen with quartz counters, dishwasher and refrigerator, 1 bedroom, large walk in closet, 3 pc bathroom and laundry, walk-out access to large patio featuring gazebo. Take advantage of this multi-use opportunity. (id:66096)
Features and services as supplied by the listing brokerage.
Extended: 28 days on market, against an average age of 55 days across the listings currently for sale in this city
This 7-bed multi-family in London South (South R) has been listed for 28 days, which is 27 days fresher than the city average of 55. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $1,279,900, about 17.0× the local median household income of $75,500.
Carrying it typically needs a household income of about $250,009 (20% down, 25-yr amortization, stress-tested) — roughly 231% above the area median.
Source: Statistics Canada, 2021 Census (FSA N6C)
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Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.