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547 WILLIAM STREET
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547 WILLIAM STREET $599,900
$599,900
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547 WILLIAM STREET
London East (East F), Ontario N6B3E8

MLS® Number: X12444158
2
Bedrooms
2
Bathrooms
1500 - 2000
Square Feet

Listing Description

Fantastic investment opportunity on this solid duplex in the heart of OLD NORTH-WOODFIELD VILLAGE with excellent opportunity to ADD SECONDARY DWELLING UNIT(S) ON THIS 150 FOOT LOT! Main floor is 2 bedrooms but could be 2 bedrooms plus den, upper level is large one bedroom with oversized kitchen and newer walk out deck overlooking beautiful mature yard. Tenants pay all utilities. LANDLORD ONLY PAYS WATER. Cap rate of 5.4 % but based on PRIOR rents which were under market value. Large front porch which is great outdoor space for main floor tenant. Parking for 2 cars. Fantastic opportunity for young buyers to get into the market and have one unit significantly support their mortgage payments. Prior rents on main were $1856 plus hydro and gas heating costs, upper unit $1600 plus hydro and heat (heated by hydro). Both water heaters are owned. Each unit has its own laundry. Updates include new steel roof and eavestroughs in 2025, newer rear decking off upper unit, furnace approx. 10 years old. 11 appliances included plus upper unit window air conditioner. Income: $41,472 (based on prior rents) Expenses: $8,049. Net: $33,423. (41394016)

Location Description

William St and Princess Ave

Property Summary

Property Type
Multi-family
Building Type
Duplex
Storeys
2
Square Footage
1500 - 2000 sqft
Community Name
East F
Land Size
35 x 148.3 FT
Age Of Building
100+ years
Annual Property Taxes
$5,349
Parking Type
No Garage
Time on REALTOR.ca
72 days

Building

Bedrooms
Above Grade
2
Bathrooms
Total
2
Interior Features
Appliances Included
Dishwasher, Dryer, Microwave, Two stoves, Two Washers, Window Coverings, Two Refrigerators
Basement Type
Full
Building Features
Features
In-Law Suite
Foundation Type
Brick
Structures
Deck
Heating & Cooling
Cooling
Wall unit
Heating Type
Forced air (Natural gas)
Utilities
Utility Sewer
Sanitary sewer
Water
Municipal water
Exterior Features
Exterior Finish
Brick
Neighbourhood Features
Amenities Nearby
Public Transit, Park, Place of Worship, Schools
Parking
Parking Type
No Garage
Total Parking Spaces
2

Measurements

Square Footage
1500 - 2000 sqft

Land

Lot Features
Frontage
35 ft
Land Depth
148 ft ,3 in
Other Property Information
Zoning Description
R3-2
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519-471-9200
Email
COLDWELL BANKER POWER REALTY
Brokerage
519-471-9200
519-471-9300

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