720 Queens Avenue London East, Ontario N5W 3H5

$465,000

Solid brick home located in a highly desirable area with rare OC2X R3 zoning, offering excellent flexibility for Commercial/Office or Medium density Residential future use, redevelopment, or long-term investment. Situated on a deep lot with a large backyard, this property provides outdoor space that's hard to find in this location - ideal for expansion, additional structures (subject to approvals), or simply enjoying the privacy and space. The property is currently configured with multiple units, including two units on the main floor and one unit on the upper level. Unit 3 (upper unit) has been updated and is in good condition, requiring no immediate work. Unit 1 and Unit 2 (main floor) both require full renovations, offering clear upside for a buyer looking to improve and reposition the property. The home is serviced by one furnace (12 years old), and the roof is also approximately 12 years old. Units 2 and 3 are separately metered for hydro, while Unit 1 and the basement share a panel. Recent improvements include new exterior stairs and fire shutters installed on the west wall adjacent to the second floor stairwell, adding to safety and compliance considerations. This configuration provides flexibility for renovation, income optimization, or future redevelopment, supported by the property's OC2X R3 zoning and generous lot size. (id:60297)

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https://www.realtor.ca/real-estate/29305022/720-queens-avenue-london-east-east-g-east-g