354 Cheapside Street
London, ON, N6A 2A6
354 Cheapside St is a prime investment opportunity in Old North, London. Just a short walk or bus ride to Western University and King's University College, and a 15-minute walk to downtown, this property is ideal for investors. This legal 7-bedroom house spans two levels with 4 full bathrooms, 2 kitchens, and 2 living rooms, offering functionality and space for Western students. The basement level has a separate entrance for added privacy.
Professionally managed, all rooms are fully leased, providing a stable income. The property holds a City of London rental license and generates $61,680 in gross annual income.
The raised brick bungalow has an updated metal roof, laminate and ceramic flooring, radiant in-floor heating throughout, and central air conditioning.
Out front, the driveway and carport can accommodating up to 5 cars. This property presents an excellent opportunity to capitalize on London's rental market. Don't miss out on this turnkey investment – schedule your private viewing today.
Property Specification
| MLS Number | 40584163 |
| Property Type | Residential |
| Building Area | 2,232 Square Feet |
| Architectural Style | Bungalow Raised |
| Full Bathrooms | 4 |
| Total Bedrooms | 7 |
| Basement | Full, Finished |
| Above Grade Sqf | 1,229 Square Feet |
| Cooling | Central Air |
| Heating | Fireplace-Gas, Radiant Floor |
| Kitchen(s) | 2 |
| Lot Size Area | 0 Acres |
| Lot Size | 3,790 Sq.ft. |
| Parking Spaces | 5 |
| Sewage | Sewer (Municipal) |
| Year Built | 1960 |
| Room 1 - Main level | Living Room/Dining Room (3.96 x 5.36 m) |
| Room 2 - Main level | Kitchen (3.58 x 4.11 m) |
| Room 3 - Main level | Bedroom Primary (4.32 x 3.58 m) |
| Room 4 - Main level | Bedroom (3.48 x 3.00 m) |
| Room 5 - Main level | Bedroom (3.30 x 3.00 m) |
| Room 6 - Main level | Bathroom (2.82 x 1.52 m) 4-Piece |
| Room 7 - Main level | Bathroom (2.06 x 1.42 m) 4-Piece |
| Room 8 - Lower level | Living Room (3.61 x 3.17 m) |
| Room 9 - Lower level | Bedroom (4.29 x 2.08 m) |
| Room 10 - Lower level | Bedroom (2.49 x 3.05 m) |
| Room 11 - Lower level | Bedroom (2.44 x 2.97 m) |
| Room 12 - Lower level | Bedroom (2.39 x 2.69 m) |
| Room 13 - Lower level | Bathroom (2.36 x 1.57 m) 4-Piece |
| Room 14 - Lower level | Bathroom (2.11 x 1.47 m) 4-Piece |
| Room 15 - Lower level | Kitchen/Dining Room (4.42 x 4.55 m) |
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Disclaimer
These particulars are intended to give a fair description of the property but their accuracy cannot be guaranteed, and they do not constitute an offer of contract. Intending purchasers must rely on their own inspection of the property. None of the above appliances/services have been tested by ourselves. We recommend purchasers arrange for a qualified person to check all appliances/services before legal commitment.
Listing courtesy of: COLDWELL BANKER POWER REALTY, BROKERAGE