$1,349,000
For sale: Multiplex

Turn-key, brand new investment opportunity! This newly built legal fourplex sits on a prominent corner lot at Marconi Blvd & Marconi Crt and is fully ready for immediate rental income. An excellent opportunity for both investors and owner-occupied buyers looking to live in one unit while generating strong rental income from the others.The property includes two spacious upper two-storey units, each offering 4 bedrooms, along with two separate lower units, each featuring 2 bedrooms.Every unit is individually metered for water and gas and has its own in-suite laundry, providing modern convenience for tenants and simplified management for owners. Fully legal and City-approved, this turn-key build is a premium, low-maintenance addition to any rental portfolio or live-in investment strategy.
Sold data
Multiplex homes in London East (East A) took a median of 40 days to sell over the last 365 days, with the quickest quarter selling within 22 days and the slowest quarter taking more than 78, across 123 recorded sales.
That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 114 days.
The median sale price was $599,900.
Homes sold for about 3.8% below asking on average, so there was room to negotiate.
About 13% of sales closed above the list price.
Around 28% of sellers reduced their price before finding a buyer.
Based on 123 recorded sales in the last 1 year. Aggregate statistics only; individual sale prices are not shown.
Schools
London East (East A) has 116 Fraser Institute–rated schools (97 elementary and 19 secondary), averaging 5.5/10.
School ratings from the Fraser Institute's Ontario school report cards.
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