London North N5X 1Z5
Canada

Property

Ownership: For Sale
Type: Duplex
Bedrooms: 5 BR
Bathrooms: 2

Financials

Price:C779,000
($567,500)
(€491,700)
Annual Taxes:C3,956
505 Park Ave, New York, NY 10022

Legal Duplex in a Quiet, Established North London NeighbourhoodThis well maintained legal duplex is located in a desirable North London area known for its quiet streets and long term appeal.

Description

Legal Duplex in a Quiet, Established North London NeighbourhoodThis well-maintained legal duplex is located in a desirable North London area known for its quiet streets and long-term appeal. Close to schools, Western University, Fanshawe College, and Masonville Mall, the property offers an excellent opportunity for investors, multi-generational households, or owner-occupants seeking rental income.The vacant main unit is bright and thoughtfully laid out, featuring three spacious bedrooms, an oversized living room window, and a striking floor-to-ceiling fireplace that anchors the space. The kitchen has been updated with new quartz countertops, a new sink and faucet, while the renovated 5-piece bathroom includes a new bathtub and a modern glass shower surround.The fully renovated legal lower-level apartment offers two bedrooms, a 3-piece bathroom, and large egress windows that bring in plenty of natural light. This unit is currently rented, providing steady income. Both units have private entrances and their own in-unit laundry. Utilities are split with the main unit paying 70% and the lower unit 30%. The property generates approximately $50,000 in annual revenue and is equipped with a high-efficiency heat pump valued at over $15,000, offering year-round comfort and energy savings. A spacious backyard adds to the overall functionality and appeal. With its strong income potential, flexible layout, and prime North London location, this property is a solid long-term investment and a smart place to call home.

Amenities

  • Accessory Apartment
  • Carpet Free
  • Electric
  • In-Law Suite

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.