Homes for sale - 361 VESTA RD, Middlesex, ON N5Y 1E9

Key Details

Property Type Commercial

Sub Type Investment

Listing Status Active

Purchase Type For Sale

Square Footage 2,000 sqft

Price per Sqft $414

Municipality London

MLS Listing ID X11927132

Bedrooms 6

Annual Tax Amount $4,281

Tax Year 2024

Lot Size 0.500 Acres

Property Description

Beautifully renovated all-brick purpose built duplex (up/down) in North-East London with attached double garage. Featuring two spacious three-bedroom units, each with separate basements and separate electrical meters. The all brick exterior has been meticulously maintained and the double wide paved driveway offers plenty of parking. The standout feature of the property is its large backyard, spanning 63 feet in width and 150 feet in depth, presenting significant potential for adding an Auxiliary Dwelling Unit (ADU) for additional units (city permits required). The shingles on the roof were replaced in 2019.

Both the lower (2022) and upper (2024) units have been updated with contemporary finishes. Units are nearly identical layouts, highlighted by large front windows, oversized living and dining areas, and newer renovated kitchens, bathrooms, and bedrooms.
An investor's ideal opportunity, this property includes two separate unfinished basements with high ceilings and separate access, presenting significant potential for conversion into a four-plex (please consult with the city of London).

Upon possession, the lower unit will be vacant, providing an ideal chance for owner occupancy or set your own market rent. The upper unit is currently leased to A++ tenants for $2050 per month. Tenants are responsible for heat/hydro costs (separate meters).
The duplex is equipped with a very efficient mini-split heat pump systems (2018) featuring heads throughout for efficient heating and cooling (AC), supplemented by electric baseboard heaters throughout all living spaces. Owners only pays taxes, water, and hot water tank rental costs (low operating expenses see financials). Do not miss this opportunity!!

Location

Province ON

County Middlesex

Area Middlesex

Zoning R2-2

Rooms

Basement Separate Entrance,Unfinished

Kitchen 0

Interior

Interior Features None

Cooling Other

Inclusions Other

Laundry Ensuite

Exterior

Exterior Feature Awnings,Porch,Privacy,Private Entrance

Parking Features Private Double,Other

Garage Spaces 4.0

Pool None

Community Features Recreation/Community Centre,Public Transit,Park

Utilities Available Unknown

Roof Type Flat,Asphalt Shingle

Lot Frontage 63.0

Lot Depth 150.0

Exposure West

Total Parking Spaces 4

Building

Foundation Poured Concrete

New Construction false

Others

Senior Community Yes

Security Features Unknown