35 Miles Street London East, Ontario N5Y 2T7

$609,900

Purpose built, fully licensed duplex located in the highly sought after Woodfield District, offering an exceptional opportunity for first time investors, house hackers, or those looking to expand their real estate portfolio. Situated in one of London's most desirable neighbourhoods, this property is within walking distance of local favourites such as The Bag Lady and Locomotive Espresso, as well as Downtown London, parks, schools, public transit, restaurants, and everyday amenities. It is also conveniently located just 3.5 km from Western University and 5 km from Fanshawe College. Unit 1 is a spacious three bedroom main floor unit featuring stainless steel appliances, a four piece bathroom, and in suite laundry, and is currently vacant, providing the opportunity for an owner occupant or investor to secure market rent. Unit 2 is a spacious two bedroom lower level unit featuring stainless steel appliances, a four piece bathroom, in suite laundry, and heated floors in the living room. Unit 2 is currently rented for $1,495 per month plus electricity and water on a fixed term lease ending October 31, 2027. Each unit is separately metered for electricity and water, and parking for two vehicles is available at the rear of the property. Recent updates include a new roof in 2025, a new sewer line to the road in 2025, a new owned air conditioner in 2024, a new owned electric hot water tank in 2024, and a new rented gas hot water tank in 2024. Whether you choose to occupy the vacant main floor unit while generating rental income from the lower unit or continue operating the entire property as an investment, this duplex offers excellent flexibility, income potential, and long term value in one of London's most sought after neighbourhoods. (id:60297)

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https://www.realtor.ca/real-estate/30180571/35-miles-street-london-east-east-f-east-f