Single Family Residence sold at 11 Connaught Avenue, London, ON, N5Y 3A4 - East G - MLS: 40451566

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for lease
sold
leased
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11 Connaught Avenue

London, ON, N5Y 3A4 - East G

$499,900$000000

Neighbourhood

East G
Major Intersection

Listed Since: 1029 day(s)
Last update: 945 day(s) ago

Overview

Property Type

Single Family Residence, Bungalow Raised
Bedrooms

2 + 2
Bathrooms

0
Basement

Separate Entrance, Full, Finished
Kitchen

n/a
Total Parking

n/a
Lot Size

Available Upon Request
Taxes

$2,702.39 (2022)
Type

Freehold

Property Description

Property description for 11 Connaught Avenue, London

UPPER UNIT TENANT VACATING BY OCTOBER 1, LOWER tenant pays 985/mo plus their own electricity.- Introducing a rare purpose-built 4 bedroom investment property currently being operated as a duplex, featuring an upper and lower unit, offering both a comfortable living space and excellent investment potential. Each unit has its own entrance, kitchen, bathroom, and convenient in-suite laundry facilities, providing a private and self-contained living experience. Both of these units are rented to tenants who are currently month-to-month, so this setup is perfect for those seeking a mortgage helper by moving into one of the units themselves while renting out the other, or for savvy investors looking to maximize their returns. Furthermore, this property offers the versatility to be converted back into a single-family home, catering to the changing needs of its future owner. The independence of separate water heaters, hydro metres and outdoor storage for each unit provides additional convenience and utility. Location is key, and this home is ideally situated in close proximity to Fanshawe College, downtown amenities, and a main bus route to ensure a steady stream of potential tenants, making it an appealing choice for both students and working professionals alike. Whether you're looking for a comfortable home with a built-in income source or a smart investment venture, this property offers the best of both worlds. Schedule a viewing today and explore the potential this property has to offer.

Listed by MAVERICK REAL ESTATE INC., BROKERAGE

Property details

MLS #

40451566
Sq. Ft

2028
Sq. Ft. Source

MLS
Lot Irregularities

n/a
Year Built

1989
Pool

None
Drive

n/a
Garage

n/a
Total Parking

n/a
Family Room

n/a
Den

n/a
Exterior

Brick, Vinyl Siding
Fireplace

n/a
Roof

Asphalt Shing
Foundation

Poured Concrete
Elevator

n/a
Water View

n/a
Laundry Level

n/a
Heat

Baseboard, Electric
A/C

Other
Water

Municipal
Water Supply

n/a
Sewers

n/a
Central Vac

n/a

MLS #

40451566
Sq. Ft

2028
Sq. Ft. Source

MLS
Lot Irregularities

n/a
Year Built

1989
Pool

None
Drive

n/a
Garage

n/a
Total Parking

n/a
Family Room

n/a
Den

n/a
Exterior

Brick, Vinyl Siding
Fireplace

n/a
Roof

Asphalt Shing
Foundation

Poured Concrete
Elevator

n/a
Water View

n/a
Laundry Level

n/a
Heat

Baseboard, Electric
A/C

Other
Water

Municipal
Water Supply

n/a
Sewers

n/a
Central Vac

n/a

Living Room

4.29 x 5.41 ft Main level
Dining Room

2.77 x 2.72 ft Main level
Foyer

1.37 x 1.24 ft Main level
Kitchen

3.43 x 2.72 ft Main level
Laundry

1.22 x 0.91 ft Main level
Bedroom

5.18 x 2.72 ft Main level
Bedroom

4.06 x 2.59 ft Main level
Dining Room

2.77 x 2.72 ft Lower level
Living Room

4.29 x 5.41 ft Lower level
Bedroom

5.18 x 2.72 ft Lower level
Kitchen

3.43 x 2.72 ft Lower level
Laundry

1.22 x 1.30 ft Lower level
Bedroom

4.06 x 2.59 ft Lower level

Contact Manoj Kukreja

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

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Down Payment(%)*

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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