London, ON N6A 2A6,354 Cheapside ST
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London, ON N6A 2A6,354 Cheapside ST
London, ON N6A 2A6,354 Cheapside ST
London, ON N6A 2A6,354 Cheapside ST
London, ON N6A 2A6,354 Cheapside ST

$775,000

Est. payment /mo

$819,900

5.5%
Est.Price: ?

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354 Cheapside ST London, ON N6A 2A6

7 Beds

4 Baths

SOLD DATE : 07/31/2024

Key Details

Sold Price $775,000

Property Type Single Family Home

Sub Type Detached

Listing Status Sold

Purchase Type For Sale

MLS Listing ID X8448370

Sold Date 07/31/24

Style Bungalow-Raised

Bedrooms 7

Annual Tax Amount $4,295

Tax Year 2023

Property Description

Attention Investors! 354 Cheapside St is a prime investment opportunity in Old North, London. This legal 7-bedroom house spans two levels with 4 full bathrooms, 2 kitchens, and 2 living rooms, offering functionality and space for Western students. The lower level has a separate entrance for added privacy. Just a short walk or bus ride to Western University and King's University College, and a 15-minute walk to downtown, this property is ideal for investors. Professionally managed, all rooms are fully leased, providing a stable income. The property holds a City of London rental license and generates $61,680 in annual gross income with strong cash flow. This solid raised brick bungalow has an updated metal roof, laminate and ceramic flooring, radiant in-floor heating throughout, and central air conditioning. Out front, the driveway and carport can accommodate up to 5 cars. This property presents an excellent opportunity to capitalize on London's rental market. Don't miss out on this turnkey investment - schedule your private viewing today.

Location

Province ON

County Middlesex

Community East B

Area Middlesex

Zoning R1-4

Region East B

City Region East B

Rooms

Family Room No

Basement Full, Finished

Kitchen 2

Separate Den/Office 4

Interior

Interior Features Water Heater Owned

Cooling Central Air

Exterior

Exterior Feature Patio

Parking Features Private Double

Garage Spaces 5.0

Pool None

Roof Type Metal

Total Parking Spaces 5

Building

Foundation Concrete

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Listed by COLDWELL BANKER POWER REALTY

Sherif Nathoo

+1(416) 274-1513

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