For Sale

557 ONTARIO Street, London, Ontario N5W3X9

$649,000

557 ONTARIO Street, London, Ontario N5W3X9 is For Sale and has a listing price of 649,000. The property is located in the East London neighbourhood. It's been on the website for 157 Days.

  • Multi-family
    Property Type
  • Triplex
    Building Type
  • 4
    Bedrooms
  • 3
    Bathrooms
  • Detached Garage
    Parking
  • 5
    Parking Spaces
  • MLS ID: 40599831
  • Office Name Engel & Volkers Oakville
Property Description

Welcome to a fantastic triplex investment opportunity in East London. This fully leased property is ideally located just a 10-minute drive from Western University and only 7 minutes from downtown, making it perfect for attracting quality tenants. Each unit is occupied by great tenants who maintain a clean and friendly living environment. Shared laundry facilities are conveniently located in the basement. The property also features a stand-alone oversized garage with high ceilings, presenting excellent potential to develop a fourth unit or lease it out as storage for additional income. (id:43137)

Property Details
  • Bedrooms: 4
  • MLS ID: 40599831
  • Bathrooms: 3
  • Price: $649,000
  • Transaction Types: For Sale
  • Ref ID: 26983142
  • Year Built: N/A
  • Building Type: Triplex
  • Property Type: Multi-family
  • Property Type: All Houses
  • Property Sub Category: Triplex
Price History
List Date MLS ID List Price Status End Date Closed Price
06/05/2024 X8423332 $729,000 For Sale - -
06/01/2024 40599831 $649,000 For Sale - -
04/25/2024 X8269868 Terminated 11/30/2024 -
04/20/2024 40569300 $759,000 For Sale - -
Market Temperature
  • Buyer's Market
  • Balanced
  • Seller's Market
Neighborhood Stats
East London
  • $627,790 Average List Price
    based on 1 year
  • 40 New Listings
    based on 30 days
  • 0 Median Days on Market
    based on 1 year
  • List vs. Selling Price 1.69 % Up
  • Sold (12mo) 72
  • Rented (12mo) 14

  • 1 Month Change +1.3%
  • 3 Month Change +21.0%
  • 6 Month Change -10.5%
Walkscore
Property Type Distribution
  • All Houses
    79.01%
  • Commercial
    18.96%
  • Condo
    1.92%
  • Land for Sale
    0.11%
Additional Details
  • Sewers Municipal Sewage System
  • Heat Source Natural Gas
  • Basement2 Partial (partially Finished)
  • Heating System Forced Air
  • Water Municipal Water
  • Exterior Brick, Brick Veneer
  • Cooling System Central Air Conditioning
  • Total Parking Spaces: 5
  • Fireplace False
  • Parking Detached Garage
  • Taxes: N/A
  • Original Price: $0
  • Sold Price: $0
  • Addl Monthly Fees: $0
  • Listing Entry Date: 01/06/2024 00:00:00
  • Zoning Dc (pre 1p2007)
  • Agent Name: Scott Russell
  • Address Subdivision: East G
  • Last Updated: 16/07/2024 19:36:35
Open House Dates
Want to see this property?