London East, ON N6B3E8 547 WILLIAM STREET

$619,900

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Presented By: COLDWELL BANKER POWER REALTY
  • MLS# X12342400
  • 08/13/2025
  • Request Tour
  • Request Info
  • Beds • 2
  • Baths • 2
  • SQFT • 1500 - 2000

Home Details

Fantastic investment opportunity on this solid duplex in the heart of OLD NORTH-WOODFIELD VILLAGE with excellent opportunity to ADD SECONDARY DWELLING UNIT(S) ON THIS 150 FOOT LOT! Main floor is 2 bedrooms but could be 2 bedrooms plus den, upper level is large one bedroom with oversized kitchen and newer walk out deck overlooking beautiful mature yard. Tenants pay all utilities. LANDLORD ONLY PAYS WATER. Cap rate of 5.4 % but based on PRIOR rents which were under market value. Large front porch which is great outdoor space for main floor tenant. Parking for 2 cars. Fantastic opportunity for young buyers to get into the market and have one unit significantly support their mortgage payments. Prior rents on main were $1856 plus hydro and gas heating costs, upper unit $1600 plus hydro and heat (heated by hydro). Both water heaters are owned. Each unit has its own laundry. Updates include new steel roof and eavestroughs in 2025, newer rear decking off upper unit, furnace approx. 10 years old. 11 appliances included plus upper unit window air conditioner. Income: $41,472 (based on prior rents) Expenses: $8,049. Net: $33,423. (id:7434)
Presented By: COLDWELL BANKER POWER REALTY

Interior Features for 547 WILLIAM STREET

Bedrooms

Bedrooms2

Other Interior Features

Basement TypeFull
Building Fireplace PresentFalse
Building Heating FuelNatural gas
Building Heating TypeForced air
Living Area Range1500 - 2000

General for 547 WILLIAM STREET

AmenitiesPublic Transit, Park, Place of Worship, Schools
Building Age100+ years
Building AppliancesDishwasher, Dryer, Microwave, Two stoves, Two Washers, Window Coverings, Two Refrigerators
Building Cooling TypeWall unit
Building TypeDuplex
Building.StoriesTotal2
CommunityNameEast F
FeaturesIn-Law Suite
Foundation TypeBrick
Location DescriptionWilliam St and Princess Ave
Parking Space Total2
Property TypeMulti-family
Zoning DescriptionR3-2

Exterior for 547 WILLIAM STREET

Exterior FinishBrick
Land Amenities Public Transit, Park, Place of Worship, Schools
SewerSanitary sewer
StructureDeck

Additional Details

Paul Dojcinovic

TEAM LEADER, REALTOR® at eXp Realty
Price $619,900
MLS#X12342400
List Date 08/13/2025
Property Type Multi-Family
Phone 403.608.2191
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Request Info
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