Address: 547 WILLIAM STREET, London East (East F) FOR SALE Postal Code: N6B3E8 Style: Type: Multi-family Duplex Bedrooms: 2 Bathrooms: 2 Bedrooms Aboveground: 2 Parking: No Garage Garage: No Garage Lot Size: 35 ft x 148 ft ,3 in Property Size: 35 x 148.3 FT Stories: 2
About 547 William Street
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:56071). Get more information on 547 William Street
Property Features
Appliances: Dishwasher, Dryer, Microwave, Two stoves, Two Washers, Window Coverings, Two Refrigerators Features: In-Law Suite Rental Equipment: Directions: William St and Princess Ave Zoning Description: R3-2 Interior Size: 1500 - 2000 sqft Lot: 35 x 148.3 FT 35 x 148.3 FT Exterior Finish: Brick Water: Municipal water, Sanitary sewer Heating / Cooling: Natural gas / Wall unit Age: 100+ years Foundation: Brick Basement: Full
Rooms & Sizes
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John DiRenzo
Sales Representative RE/MAX Centre City John DiRenzo Team Brokerage
Direct Phone: (519) 857-3490
John DiRenzo, Salesperson. Cell: (519) 857-3490. RE/MAX Centre City John DiRenzo Team Brokerage.
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