153 HALE STREET, London East (East O)

$649,900

For sale: Multiplex

Multiplex at 153 HALE STREET, London East (East O)
Property type
Duplex
Bedrooms / bathrooms
6 bedrooms, 4 bathrooms
Living area
3,000 sqft
MLS®
MLS® X13731914
Neighbourhood
East O

$4,804/month in current rent, two substantially updated units, a City of London rental licence, separate hydro, and a 40 x 415 ft lot. 153 Hale Street delivers income from day one, with a property profile that gives investors plenty to consider for the future. Zoned R1-6, this tenanted duplex features two self-contained units, each with in-unit laundry and access to its own half of the detached garage. The front unit offers two bedrooms upstairs plus a third main-floor bedroom, along with a partially finished basement offering plenty of additional space. The rear unit has two upper-level bedrooms, a main-floor den or office, and generous basement space. Both units have been extensively updated, including newer kitchens and bathrooms. For buyers looking to maximize the property over time, the additional basement spaces are well worth considering for expanded living or other uses. Then there's the lot. At 40 x 415 ft, its exceptional depth adds another dimension to the investment. Even more interesting, the neighbouring property, which has a similarly deep lot, is currently also available for sale. For investors or developers taking a longer-term view, the combination presents an interesting opportunity to explore future redevelopment potential. Both units are currently tenanted with total current rent of $4,804 per month as of September 1. Collect the income today while you investigate what this property could offer tomorrow.

Sold data

Multiplex homes in London East (East O) — recent sold market

Multiplex homes in London East (East O) 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 114 days.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.

Median days to sell
40
Median sale price
$599,900
Sale-to-list ratio
96.2%
Sold above asking
13%

Based on 123 recorded sales in the last 1 year. Aggregate statistics only; individual sale prices are not shown.

Schools

Schools in London East (East O)

London East (East O) has 116 Fraser Institute–rated schools (97 elementary and 19 secondary), averaging 5.5/10.

Rated schools
116
Elementary
97
Secondary
19
Average rating
5.5 / 10

Top-rated schools in London East (East O)

  • John Dearness — elementary, LondonFraser rating 9.8/10
  • St George — elementary, LondonFraser rating 9.1/10
  • Jack Chambers — elementary, LondonFraser rating 8.8/10
  • Sir Arthur Currie — elementary, LondonFraser rating 8.8/10
  • London Central — secondary, LondonFraser rating 8.7/10
  • Ryerson — elementary, LondonFraser rating 8.7/10

School ratings from the Fraser Institute's Ontario school report cards.

Currently for sale

Homes for sale near 153 HALE STREET