An investors dream with instant cash flow. Beautifully renovated all-brick duplex on a large 63 x 150 lot in Northeast London, featuring two spacious almost identical layout 3-bedroom units with private entrances, separate high-ceiling basements, and individual hydro meters. Recent updates include a new flat roof (April 2025), shingles (2017), modern finishes, and efficient mini-split heat pumps (2018). The lower unit was fully renovated in 2022 (including luxurious quartz countertops) the upper in 2024 both offering bright, open-concept layouts with updated kitchens, baths, flooring, and appliances. The property includes a double garage and wide driveway for ample parking. Current rents are $2,275/month (lower, Oct 2025) and $2,100/month (upper, month-to-month), with A++ tenants. Tenants pay electric heat and hydro. Total annual gross income is $52,500. The large backyard offers potential for an accessory dwelling unit (ADU) or future development (subject to approval), and the separate-access basements could allow for further conversion to a 4-plex (consult with the city of London). Ideally located near Fanshawe College, Western University, schools, parks (directly behind the duplex), and amenities, this is a turnkey investment with instant strong cash flow and long-term upside. (40431138)
Property Type
Multi-family
Annual Property Taxes
$4,281 (CAD)
Parking Type
Attached Garage, Garage
Time on REALTOR.ca
2 days
Get a taste for the neighbourhood where this listing is located.
The following neighbourhood demographic information is provided by a third-party supplier based on census data from Statistics Canada.
No demographic information is available for this specific location.
Demographics data is temporarily unavailable
This calculator is for demonstration purposes only. REALTOR.ca Canada Inc. does not guarantee that all calculations are accurate. Always consult a professional financial advisor before making personal financial decisions.