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John King

john.king@evrealestate.com +1(613) 558-2801

$ 524,900

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437 CHARLOTTE STREET London East (east G), ON N5W4A5

3 Beds

2 Baths

1,100 SqFt

Open House

Sat Dec 06, 2:00pm - 4:00pm

Sun Dec 07, 2:00pm - 4:00pm

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Freehold

Listing Status Active

Purchase Type For Sale

Square Footage 1,100 sqft

Price per Sqft $477

Subdivision East G

MLS® Listing ID X12605046

Style Bungalow

Bedrooms 3

Property Sub-Type Freehold

Source London and St. Thomas Association of REALTORS®

Property Description

Fully renovated in 2024, this spacious detached bungalow with separate units offers a strong investment opportunity and excellent flexibility for multi-generational living or owner-occupied rental income. Recent updates include a new roof, North Star windows, flooring, furnace, siding, quartz countertops, new doors and trims, updated kitchens on both levels, and modern bathrooms with new vanities, making this a truly turnkey property. Configured as a legal duplex-style setup, the property has a projected income of $4,000/month in total rental income: the main unit can rent for $2,400/month plus utilities, and the lower unit it can rent for $1,600/month with heat included and hydro separate. Each unit features its own kitchen, full bathroom, separate hydro/water/gas, individual laundry, and its own fireplace. A spacious den on the upper level adds even more functional living space, while durable vinyl flooring runs throughout both levels. Outside, the property offers parking for 5 large vehicles plus an additional garage space-rare for the area. Located within walking distance to the Hard Rock Hotel, Tim Hortons, Western Fair District, and nearby amenities, this location provides strong rental appeal and convenience. Whether you are an investor seeking a cash-flowing asset with an approx. 8.15% CAP rate, or a family looking for separate living spaces, this renovated bungalow delivers long-term value, versatility, and income potential. For those looking to offset living costs, this property is also an ideal live-in investment. You can comfortably reside in one unit while renting out the other to significantly reduce monthly expenses. With current market rents, the second unit can cover a substantial portion of the mortgage, utilities, and other household bills, making this home an excellent option for first-time buyers, downsizers, or families seeking affordability without compromising space or privacy. (id:24570)

Location

Province ON

Rooms

Kitchen 2.0

Extra Room 1 Basement 4.51 m X 2.93 m Family room

Extra Room 2 Basement 3.65 m X 2.52 m Kitchen

Extra Room 3 Basement 2.17 m X 3.35 m Dining room

Extra Room 4 Basement 4.11 m X 2.95 m Bedroom

Extra Room 5 Basement 1.5 m X 2.26 m Bathroom

Extra Room 6 Basement 4.18 m X 2.61 m Laundry room

Interior

Heating Forced air

Cooling None

Flooring Vinyl

Fireplaces Number 2

Exterior

Parking Features Yes

Community Features Community Centre

View Y/N No

Total Parking Spaces 5

Private Pool No

Building

Lot Description Landscaped

Story 1

Sewer Sanitary sewer

Architectural Style Bungalow

Others

Ownership Freehold

Listed by STREETCITY REALTY INC.

John King

Broker

+1(613) 558-2801

John King

437 CHARLOTTE STREET London East (east G), ON N5W4A5

Open House

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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437 CHARLOTTE STREET