Investor Alert ! Rare Opportunity To Own A Cash Flow Positive, Fully Upgraded Detached 2 Storey Home With A Brand New Legal Basement Apartment In The Highly Desirable Summerside Area ...


Property

Website:https://www.nestseekers.com/4645615
Address:
London South N6M 0B7
Ownership: For Sale
Type: Unknown
Rooms: 10
Bedrooms: 6 BR
Bathrooms: 5
Pets: No Pets Allowed

Financials

Price:C849,990
($610,800)
(€529,100)
Annual Taxes:C6,219.42

Description

Investor Alert! Rare Opportunity To Own A Cash-Flow Positive, Fully Upgraded Detached 2-Storey Home With A Brand New Legal Basement Apartment In The Highly Desirable Summerside Area Of London. This Income-Generating Property Features 4+2 Bedrooms, 5 Bathrooms, And Over 3,100 Sq. Ft Of Total Finished Living Space Ideal For Investors Or Buyers Looking To House Hack By Living Upstairs And Renting The Basement. The Main Unit Offers 4 Spacious Bedrooms, 3 Bathrooms, Main Floor Laundry With New Washer And Dryer, A Bright Open Layout, Brand New Engineered Hardwood Flooring, Fresh Paint, A Modern Kitchen With New Stove And Fridge, And New Quartz Countertops, Perfect For Large Families Or Strong Rental Income (Estimated Rent: $2,800$3,200/Month). The Legal Basement Apartment, Completed In January 2025 , Features 2 Bedrooms, 2 Bathrooms, A Separate Living Area, Private Laundry, And A Full Kitchen With New Appliances (Fridge, Stove, Range Hood). It Is Currently Rented At $1,700/Month To Excellent Tenants. With A Double-Car Garage And A Total Of 4 Parking Spaces, This Property Is Low-Maintenance And Move-In Ready Ideal For Both Passive Investors And Hands-On Homeowners. Located Just 5 Minutes From Hwy 401, Walking Distance To Public Transit And Meadowgate Park, And Close To Multiple Parks, Sports Courts, Trails, And Top-Rated Schools, This Is A Family-Friendly And Tenant-Attractive Neighbourhood. Whether You're House Hacking Or Building Your Rental Portfolio, This Dual-Income Home Delivers Immediate Cash Flow, Legal Peace Of Mind, And Long-Term Appreciation. Book Your Private Showing Today Opportunities Like This Don't Last!

Amenities

  • Carpet Free
  • In-Law Suite
  • Sump Pump

Contact

505 Park Ave, New York, NY 10022