Toronto Real Estate

354 Cheapside Street

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$819,900

$***,***

3+4-Bed

4-Bath

Listed on 6/17/24

Come live in this 3+4-bed, 4-bath Home

Listed by COLDWELL BANKER POWER REALTY

Attention Investors! 354 Cheapside St is a prime investment opportunity in Old North, London. This legal 7-bedroom house spans two levels with 4 full bathrooms, 2 kitchens, and 2 living rooms, offering functionality and space for Western students. The lower level has a separate entrance for added privacy. Just a short walk or bus ride to Western University and King's University College, and a 15-minute walk to downtown, this property is ideal for investors. Professionally managed, all rooms are fully leased, providing a stable income. The property holds a City of London rental license and generates $61,680 in annual gross income with strong cash flow. This solid raised brick bungalow has an updated metal roof, laminate and ceramic flooring, radiant in-floor heating throughout, and central air conditioning. Out front, the driveway and carport can accommodate up to 5 cars. This property presents an excellent opportunity to capitalize on London's rental market. Don't miss out on this turnkey investment - schedule your private viewing today.

Property History

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Resale history for 354 Cheapside Street

Gallery

MLS #

X8448370

Style

Detached, Bungalow-Raised

Rooms

7+8

Bedrooms

3+4

Bathrooms

4

Garages Spaces

1

Garage

Carport

Parking Spaces

5

Year Built

51-99

A/C

Central Air

Basement

Finished, Full

Den

N

Exterior

Brick, Vinyl Siding

Heating

Radiant

Fireplace

Y

Taxes

$4,295.83 (2023)

Lot

97.00x38.50 (Feet)

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Homes 354 Cheapside Street, London