Single Family Residence sold at 324 Briarhill Avenue, London, ON, N5Y 1N8 - East A - MLS: 40186177

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324 Briarhill Avenue

London, ON, N5Y 1N8 - East A

$499,900$000000

Neighbourhood

East A
Major Intersection

Listed Since: 1631 day(s)
Last update: 1421 day(s) ago

Overview

Property Type

Single Family Residence, 1.5 Storey
Bedrooms

3 + 1
Bathrooms

3
Basement

Separate Entrance, Walk-Out Access, Full, Finished
Kitchen

n/a
Total Parking

11 (1 null Garage)
Lot Size

Available Upon Request
Taxes

$3,734.48 (2021)
Type

Freehold

Property Description

Property description for 324 Briarhill Avenue, London

Fantastic opportunity here on this very unique property offering incredible flexibility and multiple uses. Note lower level of main house is full walkout with separate entrance/suite and that this property is located on a fenced double lot 83' x 226' deep with two driveways, detached single garage and a 50' x 24' (1,200 sq. ft.) fully insulated & heated shop (gas heater in working portion of shop-small portable heater in the additional living space located within the shop) built with permit in 1993 with two insulated garage doors & additional living space consisting of open concept living/kitchen, bedroom & full bath at the rear of the property. This property offers numerous possibilities: 1) large owner live in (up to 4 bedrooms in main house) with lower level suite for extended family plus shop 2) Owner live in on main & upper with income (easily $1200-$1300 monthly) from lower level suite with separate entrance plus shop 3) Straight rental on house plus shop across the board to generate a very high income. Very well maintained property with an abundance of parking and/or storage in the shop & at rear for hobbyists with boats, trailers, snowmobiles or ATV's etc. Main house features newer flooring and is freshly painted, replacement windows, two updated kitchens, two full baths (plus 3rd in shop), fabulous deck at rear overlooking the spacious rear yard & backyard patio. Lot is just under 1/2 acre on a quiet northeast street providing great highway access, on bus route, good proximity to schools (elementary and secondary) & essentially equidistant to Western U. & Fanshawe College. Lennox Elite gas furnace & Central Air, separate meters (one meter for main house, one for shop), and roof shingles in very good condition (high quality shingle approximately 8 years old). Water heater in shop is owned, rented in main house. Incredibly rare to find this combination of lot, property & shop within City limits at an affordable price point so don't hesitate on this one!

Listed by RE/MAX CENTRE CITY REALTY INC., BROKERAGE

Property details

MLS #

40186177
Sq. Ft

1395
Sq. Ft. Source

MLS
Lot Irregularities

n/a
Year Built

1951
Pool

n/a
Drive

n/a
Garage

n/a
Total Parking

11
Family Room

n/a
Den

n/a
Exterior

Vinyl Siding
Fireplace

n/a
Roof

Shingle
Foundation

Unknown
Elevator

n/a
Water View

n/a
Laundry Level

n/a
Heat

Forced Air, Natural Gas
A/C

Central Air
Water

Municipal
Water Supply

n/a
Sewers

n/a
Central Vac

n/a

MLS #

40186177
Sq. Ft

1395
Sq. Ft. Source

MLS
Lot Irregularities

n/a
Year Built

1951
Pool

n/a
Drive

n/a
Garage

n/a
Total Parking

11
Family Room

n/a
Den

n/a
Exterior

Vinyl Siding
Fireplace

n/a
Roof

Shingle
Foundation

Unknown
Elevator

n/a
Water View

n/a
Laundry Level

n/a
Heat

Forced Air, Natural Gas
A/C

Central Air
Water

Municipal
Water Supply

n/a
Sewers

n/a
Central Vac

n/a

Bathroom

false Main level

3-Piece
Bathroom

false Lower level

3-Piece
Bathroom

false Main level

4-Piece
Kitchen

4.44 x 1.93 ft Lower level
Living Room

4.70 x 3.23 ft Lower level
Bedroom

2.64 x 2.62 ft Lower level
Bedroom

3.45 x 2.74 ft Main level
Living Room

4.72 x 3.40 ft Main level
Kitchen

4.27 x 2.29 ft Main level
Bedroom

3.28 x 2.90 ft Second level
Bedroom

3.58 x 2.74 ft Second level

Contact Manoj Kukreja

Sales Representative,
Century 21 People’s Choice Realty Inc.,
Brokerage
(647) 576 - 2100

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Additional information

Provincial Land Transfer Tax

Ontario Land Transfer Tax Rebate

Toronto Land Transfer Tax

Toronto Land Transfer Tax Rebate

PST on CMHC Insurance Premium

Lawyer Fees

$2,825

Government Registration Fee's

$164

Title Insurance

Closing Cost Total

Total Cash flow for purchasing this property

Provincial Land Transfer Tax

Ontario Land Transfer Tax Rebate

Toronto Land Transfer Tax

Toronto Land Transfer Tax Rebate

PST on CMHC Insurance Premium

Lawyer Fees

$2,825

Government Registarion Fee's

$164

Title Insurance

Purchase Price

Down Payment($)

Down Payment(%)*

First time home buyer

* A down payment of less than 20% is permitted only for first-time home buyers purchasing their principal residence. The minimum down payment required is 5% for the portion of the purchase price up to $500,000, and 10% for the portion between $500,000 and $1,500,000. For properties priced over $1,500,000, a minimum down payment of 20% is required.

Contact Manoj Kukreja

Sales Representative, Century 21 People’s Choice Realty Inc., Brokerage
(647) 576 - 2100

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