$624,900
For sale: Multiplex

Attention investors! Excellent, turn-key, cash-flowing, licensed rental property with 2 self-contained units. The upper unit consists of the Main Floor and 2nd Floor. It includes 4 spacious bedrooms, 2 bathrooms (one 4-piece & one 3-piece), a large living room, and functional kitchen. The basement unit includes 1 bedroom, one 4-piece bathroom, a cozy living room, and large eat-in kitchen. Both units have been updated, are carpet-free, have lots of natural light, and their own private laundry. Outside, there's parking for 3 cars. Ideal location, close to parks, shopping, transit, entertainment, and Western University. Currently rented for $4,412/month.
Sold data
Multiplex homes in London North (North N) 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 124 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 113 days.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 3.9% 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 124 recorded sales in the last 1 year. Aggregate statistics only; individual sale prices are not shown.
Schools
London North (North N) 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.
Currently for sale

$599,900
Multiplex249 VICTORIA STREET, Belmont, Central Elgin

$624,900
Multiplex551 ADELAIDE STREET N, East F, London East

$600,000
Other225 WELLINGTON STREET, East K, London East

$618,000
Detached79 HEMLOCK CRESCENT, Aylmer, Aylmer

$589,000
Detached77 RENNY CRESCENT, South X, London South

$545,000
Detached2 DAVID DRIVE, St. Thomas, St. Thomas

$574,900
Detached42 APPLEGREEN GROVE, South N, London South

$522,500
Semi-Detached/Link68 STOSS STREET, Rural Southwold, Southwold