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Renanza Realty
For sale

204 BURNSIDE DRIVE

London East (East I), Ontario

MLS® X13480654

$639,000

Status
Active
Property type
Multi-family
MLS® number
X13480654
Bedrooms
4
Bathrooms
2
Year built

Listing description

Welcome to this turnkey, well-maintained duplex property in one of East London's most desirable neighbourhoods with massive development potential! The fully self-contained up-and-down duplex offers an exceptional opportunity for investors, multi-generational families, or owner-occupants looking to offset their mortgage with rental income. The upper unit features a bright and spacious 2-bedroom, 1-bathroom layout with the added bonus of a sunroom, providing extra living space.

The main floor unit offers an identical 2-bedroom, 1-bathroom floor plan and enjoys exclusive access to a full basement featuring a large recreation room, utility area, and ample dry storage space. A standout feature of this property is that each unit is separately serviced with its own hydro meter, gas meter, furnace, and water heater, providing true independence for both units and simplifying property management. Outside, you'll find a massive, oversized double-car garage, featuring both heat and hydro, an extremely rare feature that is perfect for hobbyists, contractors, car enthusiasts, or additional rental income potential.

Situated on huge 60ft x 151ft lot with a fully fenced backyard, the property presents exciting development potential. The expansive lot and existing layout may lend themselves to the addition of an accessory dwelling unit (ADU) or future expansion, offering the opportunity to further increase revenue and maximize the property's value (subject to municipal approvals). There may also be potential to put a 3rd unit in the basement for a savvy investor.

The property also offers parking for 10+ vehicles, making it ideal for tenants, guests, trailers, work vehicles, or future projects.

Property summary

MLS® number
X13480654
Property type
Multi-family
Building type
Duplex
Land size
60.2 x 151.4 FT
Annual property taxes
$5,145.00
Parking
12 spaces · Detached Garage, Garage
Days on market
70 days

Features & details

Heating
Forced air, Natural gas
Cooling
Central air conditioning
Basement
Partially finished, Full
Appliances
Washer, Refrigerator, Central Vacuum, Dishwasher, Oven, Dryer
Exterior features
Brick
Lot features
Flat site, Dry, Carpet Free
Community features
School Bus, Community Centre
Pool
Outdoor pool

What would this home cost you?

Based on the $639,000 asking price at a 5.00% example rate, semi-annual compounding.

Estimated monthly payment$2,973 /mo

Unlock the Complete Cost Breakdown for this Home

Land transfer taxes, closing costs and buyer rebates for this exact price — plus an advisor to confirm what you qualify for.

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.