547 William Street London East (East F), Ontario N6B 3E8
$619,900
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. (id:41954)
Property Details
| MLS® Number | X12342578 |
| Property Type | Single Family |
| Community Name | East F |
| Amenities Near By | Public Transit, Park, Place Of Worship, Schools |
| Features | In-law Suite |
| Parking Space Total | 2 |
| Structure | Deck |
Building
| Bathroom Total | 2 |
| Bedrooms Above Ground | 3 |
| Bedrooms Total | 3 |
| Age | 100+ Years |
| Appliances | Dishwasher, Dryer, Microwave, Two Stoves, Two Washers, Window Coverings, Two Refrigerators |
| Basement Type | Full |
| Construction Style Attachment | Detached |
| Cooling Type | Wall Unit |
| Exterior Finish | Brick |
| Foundation Type | Brick |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 2 |
| Size Interior | 1500 - 2000 Sqft |
| Type | House |
| Utility Water | Municipal Water |
Parking
| No Garage |
Land
| Acreage | No |
| Land Amenities | Public Transit, Park, Place Of Worship, Schools |
| Sewer | Sanitary Sewer |
| Size Depth | 148 Ft ,3 In |
| Size Frontage | 35 Ft |
| Size Irregular | 35 X 148.3 Ft |
| Size Total Text | 35 X 148.3 Ft |
| Zoning Description | R3-2 |
https://www.realtor.ca/real-estate/28728659/547-william-street-london-east-east-f-east-f
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August 13 2025 09:23:25
London and St. Thomas Association of REALTORS®
Coldwell Banker Power Realty