Single Family Residence sold at 376 Platts Lane Lane, London, ON, N6G 5E6 - North N - MLS: 40556125

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376 Platts Lane Lane

London, ON, N6G 5E6 - North N

$499,900$000000

Neighbourhood

North N
Major Intersection

Listed Since: 775 day(s)
Last update: 700 day(s) ago

Overview

Property Type

Single Family Residence, Bungalow
Bedrooms

2 + 0
Bathrooms

1
Basement

Development Potential, Separate Entrance, Walk-Up Access, Full, Unfinished
Kitchen

n/a
Total Parking

3 (1 null Garage)
Lot Size

40.00x150 (Acres)
Taxes

$2,922.00 (2024)
Type

Freehold

Property Description

Property description for 376 Platts Lane Lane, London

CUTE, COZY AND LOADS OF OPPORTUNITY! This 2 bed, 1 bath bungalow is located near UWO and London's bustling downtown. Enter through the front door of 376 Platt's Lane to an inviting foyer that leads to a generous-sized living space. Off the living room, enjoy an efficiently organized eat-in kitchen, two bedrooms and 4pc bath with clawfoot tub. Downstairs, find an unfinished basement with plenty of functional storage and laundry space. This level also serves as a blank canvas for your finishing desires. There is certainly enough space to make an enjoyable rec-room, BUT a separate side entrance strongly suggests the possibility of an in-law suite to give more living space and/or rental income to potentially help with the mortgage! HOLY INCOME-EARNING POTENTIAL BATMAN!!! Outside, find a sprawling and fully fenced yard, as well as a detached garage with power and attached deck to its rear. Other updates: Original hardwood floors throughout; roof replaced with 40yr shingles (2011), Furnace (13), A/C (19), insulation and windows updated (approx. 08), and gorgeous mature trees. This home is a certified rental property with the City of London, represents further development possibility in either the basement OR the large lot AND serves as an inexpensive starter home to get out of renting and into homeownership!

Listed by Century 21 Heritage House Ltd Brokerage

Property details

MLS #

40556125
Sq. Ft

668
Sq. Ft. Source

MLS
Lot Irregularities

n/a
Year Built

1939
Pool

n/a
Drive

n/a
Garage

n/a
Total Parking

3
Family Room

n/a
Den

n/a
Exterior

Vinyl Siding
Fireplace

n/a
Roof

Shingle
Foundation

Poured Concrete
Elevator

n/a
Water View

n/a
Laundry Level

n/a
Heat

Forced Air, Natural Gas
A/C

Central Air
Water

Municipal-Metered
Water Supply

n/a
Sewers

n/a
Central Vac

n/a

MLS #

40556125
Sq. Ft

668
Sq. Ft. Source

MLS
Lot Irregularities

n/a
Year Built

1939
Pool

n/a
Drive

n/a
Garage

n/a
Total Parking

3
Family Room

n/a
Den

n/a
Exterior

Vinyl Siding
Fireplace

n/a
Roof

Shingle
Foundation

Poured Concrete
Elevator

n/a
Water View

n/a
Laundry Level

n/a
Heat

Forced Air, Natural Gas
A/C

Central Air
Water

Municipal-Metered
Water Supply

n/a
Sewers

n/a
Central Vac

n/a

Foyer

1.52 x 1.52 ft Main level
Eat-in Kitchen

3.76 x 3.73 ft Main level
Living Room

4.90 x 3.20 ft Main level
Bathroom

false Main level

4-Piece
Bedroom

3.07 x 3.43 ft Main level
Bedroom Primary

3.35 x 3.07 ft Main level
Storage

6.20 x 8.28 ft Basement level
Utility Room

3.28 x 2.69 ft Basement level
Cold Room

1.24 x 4.39 ft Basement 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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