1032 TRAFALGAR STREET
London East (East M), Ontario
MLS® X13847638
$389,900
- Status
- Active
- Property type
- Multi-family
- MLS® number
- X13847638
- Bedrooms
- 2
- Bathrooms
- 2
- Year built
- —
1 / 36Listing description
Two large 1-bedroom units projected at $2,900 per month combined, a City of London rental license in place for both, and full vacancy on possession - this turnkey brick duplex lets you set every rent yourself from day one. The main and upper units are fully self-contained, each with a full kitchen, generous living room and its own bathroom, and both are carpet free and ready for a tenant or your own furniture the day you close. Each unit is projected at $1,450 per month at today's market rents, for $34,800 in gross annual income.
For the house hacker, the math is simple: live in one unit, lease the other as an income suite, and let your tenant carry a meaningful share of the mortgage while you build equity. For the investor, there are no inherited tenancies, no below-market leases and no waiting. The units are roomy for 1-bedrooms,and some simple layout changes could add a second bedroom to each, widening your tenant pool and lifting rents.
Below, the full unfinished basement with its own separate entrance offers a clear path to a third unit as an additional residential unit (ADU), subject to permits and approvals, turning this into a triplex and adding a third rent without buying another property. Rear parking for three vehicles, an owned water heater, and two fridges, two stoves, washer and dryer included round it out. Whether you want to offset your own housing costs or add a cash-flowing asset with built-in upside, this one delivers flexibility now and growth later.
Property summary
- MLS® number
- X13847638
- Property type
- Multi-family
- Building type
- Duplex
- Land size
- 26.2 x 96.3 FT
- Annual property taxes
- $2,366.14
- Parking
- 3 spaces · No Garage
- Days on market
- 14 days
Features & details
- Heating
- Forced air, Natural gas
- Cooling
- None
- Basement
- Unfinished, Full
- Appliances
- Water meter, Water Heater
- Exterior features
- Brick
- Lot features
- Flat site, Carpet Free, In-Law Suite
What would this home cost you?
Based on the $389,900 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of PRIME REAL ESTATE BROKERAGE, LONDON.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.