$729,900
For sale: Multiplex

Exceptional investment opportunity featuring side-by-side backsplit semi-detached homes offering approximately 2,000 sq. ft. of living space. The front unit includes a valuable 2-bedroom granny suite, creating excellent income potential and flexible living arrangements for investors or multi-generational families. This well-maintained all-brick property has undergone numerous renovations, including three updated kitchens with quartz and laminate countertops, newer vinyl plank flooring, new windows, updated bathrooms, and modern finishes throughout. The spacious layouts provide comfortable living spaces that appeal to a wide range of tenants and owner-occupants alike. Situated on a generous lot with large private backyards and two separate driveways, the property offers ample parking and outdoor space. The rear unit is currently rented at $2,500 per month, with the tenant scheduled to vacate, providing an opportunity for market-rate rental income or owner occupancy. The front unit is currently rented at $2,100 per month, with additional income potential available through the 2-bedroom granny suite. Whether you're looking to expand your investment portfolio, generate strong rental income, or occupy one unit while benefiting from rental revenue, this versatile property presents outstanding value and future upside.
Sold data
Multiplex homes in London East (East H) 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 114 days.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 H) 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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