437 Charlotte Street, London East (East G) ON

About 437 Charlotte Street

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:56071). Get more information on 437 Charlotte Street

Property Features

Appliances:  Range, All, Dryer, Microwave, Two stoves, Two Washers, Two Refrigerators
Landscape:  Landscaped
Rental Equipment:  Water Heater - Electric, Water Heater
Fireplace Total:  2
Directions:  Cross Streets: Charlotte St / Dundas St. ** Directions: GPS.
Interior Size:  1100 - 1500 sqft
Community Features:  Community Centre
Amenities:  Separate Electricity Meters
Lot:  46.1 x 147.5 FT ; 147.42 ft x 46.07 ft x 147.46 ft x 46.12 46.1 x 147.5 FT ; 147.42 ft x 46.07 ft x 147.46 ft x 46.12
Exterior Finish:  Brick, Vinyl siding
Flooring:  Vinyl
Water:  Municipal water, Sanitary sewer
Heating / Cooling:   Natural gas / None
Age: 
Foundation: Concrete
Basement:  Full

Rooms & Sizes

Family room Basement 4.51 m x 2.93 m	Kitchen Basement 3.65 m x 2.52 m	Dining room Basement 2.17 m x 3.35 m
Bedroom Basement 4.11 m x 2.95 m	Bathroom Basement 1.5 m x 2.26 m	Laundry room Basement 4.18 m x 2.61 m
Foyer Main level 2.55 m x 2 m	Family room Main level 3.6 m x 4.27 m	Dining room Main level 4.27 m x 3.27 m
Kitchen Main level 3.4 m x 3.03 m	Bedroom Main level 3.58 m x 3.04 m	Bedroom Main level 4.17 m x 2.6 m
Bathroom Main level 2.01 m x 1.84 m	Foyer Main level 3.83 m x 1.91 m	Den Upper Level 7.31 m x 3.67 m