1032 Trafalgar Street London East, Ontario N5Z 1G4

2 Bedroom 2 Bathroom 700 - 1,100 sqft
None Forced Air

$389,900

Two large 1-bedroom units projected at $2,900 per month combined, a City of London rental license in place for both, and full vacancy on possession - this turnkey brick duplex lets you set every rent yourself from day one. The main and upper units are fully self-contained, each with a full kitchen, generous living room and its own bathroom, and both are carpet free and ready for a tenant or your own furniture the day you close. Each unit is projected at $1,450 per month at today's market rents, for $34,800 in gross annual income. For the house hacker, the math is simple: live in one unit, lease the other as an income suite, and let your tenant carry a meaningful share of the mortgage while you build equity. For the investor, there are no inherited tenancies, no below-market leases and no waiting. The units are roomy for 1-bedrooms,and some simple layout changes could add a second bedroom to each, widening your tenant pool and lifting rents. Below, the full unfinished basement with its own separate entrance offers a clear path to a third unit as an additional residential unit (ADU), subject to permits and approvals, turning this into a triplex and adding a third rent without buying another property. Rear parking for three vehicles, an owned water heater, and two fridges, two stoves, washer and dryer included round it out. Whether you want to offset your own housing costs or add a cash-flowing asset with built-in upside, this one delivers flexibility now and growth later. (id:49269)

Property Details

MLS® Number X13847638
Property Type Multi-family
Community Name East M
Amenities Near By Park, Public Transit
Features Flat Site, Carpet Free, In-law Suite
Parking Space Total 3

Building

Bathroom Total 2
Bedrooms Above Ground 2
Bedrooms Total 2
Appliances Water Heater, Water Meter
Basement Development Unfinished
Basement Type Full (unfinished)
Cooling Type None
Exterior Finish Brick
Foundation Type Block
Heating Fuel Natural Gas
Heating Type Forced Air
Stories Total 2
Size Interior 700 - 1,100 Sqft
Type Duplex
Utility Water Municipal Water

Parking

No Garage

Land

Acreage No
Land Amenities Park, Public Transit
Sewer Sanitary Sewer
Size Depth 96 Ft ,3 In
Size Frontage 26 Ft ,2 In
Size Irregular 26.2 X 96.3 Ft
Size Total Text 26.2 X 96.3 Ft

Rooms

Level Type Dimensions
Second Level Bedroom 3.3 m x 2.9 m
Second Level Kitchen 2.9 m x 2.79 m
Second Level Living Room 3.15 m x 4.88 m
Main Level Bedroom 2.76 m x 3.04 m
Main Level Living Room 3.04 m x 5.48 m
Main Level Kitchen 2.84 m x 2.13 m

https://www.realtor.ca/real-estate/30348628/1032-trafalgar-street-london-east-east-m-east-m

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