153 Hale Street,London East (East O), ON N5W1E5
London East (East O), ON N5W1E5
Description
$4,804/month in current rent, two substantially updated units, a City of London rental licence, separate hydro, and a 40 x 415 ft lot. 153 Hale Street delivers income from day one, with a property profile that gives investors plenty to consider for the future. Zoned R1-6, this tenanted duplex features two self-contained units, each with in-unit laundry and access to its own half of the detached garage. The front unit offers two bedrooms upstairs plus a third main-floor bedroom, along with a partially finished basement offering plenty of additional space. The rear unit has two upper-level bedrooms, a main-floor den or office, and generous basement space. Both units have been extensively updated, including newer kitchens and bathrooms. For buyers looking to maximize the property over time, the additional basement spaces are well worth considering for expanded living or other uses. Then there's the lot. At 40 x 415 ft, its exceptional depth adds another dimension to the investment. Even more interesting, the neighbouring property, which has a similarly deep lot, is currently also available for sale. For investors or developers taking a longer-term view, the combination presents an interesting opportunity to explore future redevelopment potential. Both units are currently tenanted with total current rent of $4,804 per month as of September 1. Collect the income today while you investigate what this property could offer tomorrow. (id:13843)
Details
| MLS # | X13731914 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Days On Site | 33 |
| Listing Provided By | REAL BROKER ONTARIO LTD | KRISTEN CLOWRY |
Features
| Bed(s) | 6 |
|---|---|
| Bath(s) | 4 Total |
| SQ Feet | 2,500 |
| Garage | 7 |
| Basement | Y |
| Story(s) | 1 |
| Zoning | R1-6 |
Interior
| Cooling | Central air conditioning |
|---|---|
| Heating | Forced air, Natural gas |
| Appliances | Water meter, Dishwasher, Dryer, Two stoves, Two Washers, Two Refrigerators |
| Fireplace Yes / No | No |
Exterior
| Foundation Details | Concrete |
|---|---|
| Fencing | Fenced yard |
Parking
| Parking Features | Detached Garage, Garage |
|---|---|
| Parking Total | 7 |
Utilities
| Utilities | Sewer, Electricity, Cable |
|---|---|
| Sewer | Sanitary sewer |
| Water Source | Municipal water |
Taxes
| Tax Annual Amount | 5700 |
|---|---|
| Tax Year | 2025 |
Area Information
| Province | ON |
|---|---|
| City | London East (East O) |
| Postal Code | N5W1E5 |
| Listing VS Median (in N5W1E5) | |
Price: $649,900 low | high Med: $562,450 sqft: 2,500 low | high Med: 1,600 $ / sqft: $260 low | high Med: $469 On site: 33 low | high Med: 43.5 | |
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Learn More About This Property
| Province | ON |
|---|---|
| City | London East (East O) |
| Postal Code | N5W1E5 |
| Listing VS Median (in N5W1E5) | |
Price: $649,900 low | high Med: $562,450 sqft: 2,500 low | high Med: 1,600 $ / sqft: $260 low | high Med: $469 On site: 33 low | high Med: 43.5 | |
