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$419,000
Est. payment /mo
2 Beds
2 Baths
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1500-2000
Subdivision East H
MLS Listing ID X12086994
Style 1 1/2 Storey
Bedrooms 2
Annual Tax Amount $2,721
Tax Year 2024
Property Sub-Type Detached
Property Description
Attention developers, investors, flippers, and renovation enthusiasts419 Ronald Street in London presents a rare and exciting opportunity with major value already unlocked. This generous 50 x 130.33 ft lot has been successfully rezoned by the City of London for Triplex use (three legal dwelling units), with the potential for a future legal fourth unit in the basement. All the heavy lifting has been done: Architectural, Plumbing, Structural, and Mechanical drawings have been approved, permits have been issued, and the property already features three separate entrances, ideal for a multi-unit layout. City-approved plans allow for a 5+2 bedroom, 3-bathroom configuration across the triplex, offering excellent cash flow potential once complete. Whether you're looking to renovate and hold, flip for profit, or add to your portfolio, this project is primed and ready for execution. Estimates of $5,800 in cashflow expected from the 3 units making for a great investment. Located minutes from Fanshawe College, Argyle Mall, Downtown London, public transit, shopping, and with quick access to Highway 401, the location offers unbeatable connectivity and tenant demand. Property is being sold AS IS with all approved permits and plans in place to take advantage of this fully prepped development opportunity.
Location
Province ON
County Middlesex
Community East H
Area Middlesex
Rooms
Family Room Yes
Basement Full, Separate Entrance
Kitchen 1
Separate Den/Office 1
Interior
Interior Features Other
Cooling Central Air
Fireplace No
Heat Source Gas
Exterior
Exterior Feature Privacy, Porch, Recreational Area
Parking Features Private
Garage Spaces 1.0
Pool Inground
Roof Type Asphalt Shingle
Topography Dry
Lot Frontage 50.0
Lot Depth 130.33
Total Parking Spaces 4
Building
Foundation Concrete
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Listed by RARE REAL ESTATE