$829,999

361 VESTA Road, London, ON N5Y 1E9

East A, London,

| | | 2,000 sq.ft. | Year Built: 51-99 |

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Beautifully renovated all-brick purpose built duplex (up/down) in North-East London with attached double garage. Featuring two spacious three-bedroom units, each with separate basements and separate electrical meters. The all brick exterior has been meticulously maintained and the double wide paved driveway offers plenty of parking. The standout feature of the property is its large backyard, spanning 63 feet in width and 150 feet in depth, presenting significant potential for adding an Auxiliary Dwelling Unit (ADU) for additional units (city permits required). The shingles on the roof were replaced in 2019. Both the lower (2022) and upper (2024) units have been updated with contemporary finishes. Units are nearly identical layouts, highlighted by large front windows, oversized living and dining areas, and newer renovated kitchens, bathrooms, and bedrooms. An investor's ideal opportunity, this property includes two separate unfinished basements with high ceilings and separate access, presenting significant potential for conversion into a four-plex (please consult with the city of London). Upon possession, the lower unit will be vacant, providing an ideal chance for owner occupancy or set your own market rent. The upper unit is currently leased to A++ tenants for $2050 per month. Tenants are responsible for heat/hydro costs (separate meters). The duplex is equipped with a very efficient mini-split heat pump systems (2018) featuring heads throughout for efficient heating and cooling (AC), supplemented by electric baseboard heaters throughout all living spaces. Owners only pays taxes, water, and hot water tank rental costs (low operating expenses see financials). Do not miss this opportunity!!

Property Info
MLS®: X11927132
Listing Courtesy of LONDON CITY REALTY CORP.
Total Bedrooms 6
Basement 1
Floor Space 2000 2000
Lot Size 9450 sq.ft.
Last Updated 2024-07-12
Property Type Commerece
Listed Price $829,999
Unit Pricing $415/sq.ft.
Tax Estimate $4,281/Year
Year Built 51-99
More Details
Exterior Finish Brick
Parking Cover 2
Parking Total 4
Water Supply Municipal
Foundation Sewer
Summary
    Location and General Information
  • Property Type: Commercial
  • Property Sub Type: Investment
  • DirectionFaces: West
  • GarageType: Attached
  • Taxes and HOA Information
  • Tax Year: 2024
  • Parking
  • Parking Features: Private Double, Other
  • ParkingSpaces: 4
  • Parking Total: 4
Interior and Exterior Features
    Interior Features
  • Basement: Separate Entrance, Unfinished
  • Cooling: Other
  • HeatSource: Other
  • HeatType: Baseboard
  • Exterior Features
  • ConstructionMaterials: Brick
  • Exterior Features: Awnings, Porch, Privacy, Private Entrance
  • Roof: Flat, Asphalt Shingle
Property
    Utilities
  • Sewer: Sewer
  • Property and Assessments
  • Foundation Details: Poured Concrete
  • Building Area Total: 2000
  • Building Area Units: Square Feet
  • Lot Information
  • Parcel Number: 080930158
  • LotSizeUnits: Feet
  • LotDepth: 150
  • LotWidth: 63
  • Others
  • PropertyFeatures: Golf
Sold History
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