$649,900
FOR SALE

Duplex

Bedrooms: 3Bathrooms: 2Lot: 30 x 85 ft

71 Stanley Street
London, ON N6C 1B3

An exciting opportunity awaits investors and first-time buyers looking for a mortgage helper. Located in Downtown London, this two-storey yellow brick duplex is your ticket to long-term wealth building while enjoying all the nearby amenities this growing city has to offer. Whether embarking on a new chapter or expanding your investment portfolio, this property offers many perks to even the most discerning buyer. Practicality meets comfort in the main floor unit featuring one bedroom (with the possibility for two), 4pc bathroom, good sized kitchen with gas stove and plenty of cabinetry, convenient laundry in lower level, soaring ceilings, plenty of character throughout including a timeless fireplace, ample storage space and smart layout with front and rear entrances. The upper level unit offers a practical layout and unique features with two bedrooms, 3pc bathroom, large kitchen with s/s appliances and an abundance of counter space, in-unit laundry, formal dining room and two living rooms including an impressive loft with vaulted ceilings. As an added bonus, this duplex provides plenty of storage in the lower level that is easily segregated between tenants and comfortable parking for 3 vehicles. Experience the best of downtown living with this strategically located property, just a hop, skip and a jump from Labatt Memorial, Ivey, and Harris Park, stunning walking/riding trails, Budweiser Gardens, Covent Garden Market, and every other downtown attraction. Both tenants are on month-to-month terms with rents as follows, Upper Level: $1,153. Main Level: $801. Tenants pay their separately metered hydro and gas. Landlord pays water. There’s a reason every smart investor emphasizes location, location, location. London’s long-term outlook couldn’t be better so take advantage of this rare Downtown property today! (id:47421)
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Listed By HOMEOLOGY REAL ESTATE GROUP, Brokerage
Data Provided By London and St. Thomas Association of REALTORS®
MLS® Listing Number 40583892
Last Updated May 07, 2024
Property Summary
Property Type Duplex

More like this:
Subdivision South F
Price History

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Detailed Information
Bedrooms 3
Bathrooms 2
Lot 30 x 85 ft
Amenities Nearby Park, Place of Worship, Playground, Shopping
Features Crushed stone driveway
Listing Contract Date 2024-05-06
Location Description Heading down Richmond Street, Turn left at the 1st cross street onto Oxford St E, Turn left onto Wharncliffe Road N, Turn left onto Stanley Street, The property will be on the left.
Ownership Type Freehold
# of Parking Spaces 3
Property Type Multi-family
Transaction Type For sale
Zoning Description R3-2
Building
Appliances Microwave
Basement Type None
Constructed Date 1901
Cooling Type Central air conditioning
Exterior Finish Brick
Heating Fuel Natural gas
Heating Type Forced air
Stories Total 2.5
Type Duplex
Utility Water Municipal water
Land
Total Size under 1/2 acre
Access Type Road access
Amenities Park, Place of Worship, Playground, Shopping
Fence Type Fence
Sewer Municipal sewage system

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