$559,900
For sale: Multiplex

Two self-contained units, $42,000 in projected annual rent in the heart of Wortley Village! 42 Bruce Street is a renovated Old South duplex ready to rent or house-hack. Walk to the shops, cafes and restaurants on Wortley Road, and downtown is minutes away. The main floor unit has 2 bedrooms, a living room, dining area and kitchen across about 1,183 sq ft, projected at $1,800 per month. The lower unit has 2 bedrooms, a large kitchen and its own separate entrance, projected at $1,700 per month. Each unit has in-suite laundry, a private backyard and its own parking, with 3 spaces in total. The work buyers usually inherit on a century home has already been handled: new PEX plumbing, furnace, central air, eavestroughs, soffits and fascia, a flat roof over the Juliette window, and a water barrier and drainage system with sump pump. Vinyl plank flooring runs through both units. Annual taxes are only $4,386.86. The 56 ft frontage and generous main floor give a buyer room to explore a third unit with the City. Inclusions: dishwasher, two washers, two dryers, two fridges, two stoves and two microwaves. Flexible possession.
Sold data
Multiplex homes in London South (South F) took a median of 40 days to sell over the last 365 days, with the quickest quarter selling within 21 days and the slowest quarter taking more than 76, across 119 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 113 days.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 14% of sales closed above the list price.
Around 28% of sellers reduced their price before finding a buyer.
Based on 119 recorded sales in the last 1 year. Aggregate statistics only; individual sale prices are not shown.
Schools
London South (South F) 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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