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$ 594,900
Est. payment /mo
New
64 STANLEY STREET London South (south F), ON N6C1B1
3 Beds
2 Baths
1,500 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 1,500 sqft
Price per Sqft $396
Subdivision South F
MLS® Listing ID X12373480
Bedrooms 3
Source London and St. Thomas Association of REALTORS®
Property Description
Welcome to your next opportunity at 64 Stanley Street, a City-approved legal duplex in South London, recently renovated to meet todays standards. Fully licensed with the City of London since 2023, this property has been updated for safety, compliance, and modern living. Significant updates include new eavestroughs and soffits (2025), roof on addition (2025), carpet in upstairs unit (2025), main floor fully renovated (2022), soundproof insulation between units (2022), and insulated exterior walls (2022). Electrical and plumbing have been fully updated with no knob-and-tube or lead pipes. Other improvements include a tankless water heater (2022), modern appliances (main 5, upper 4) installed in 2022, furnace (2015), and windows (2015). Combined with complete fire separation (45-minute burn rating), these upgrades make the duplex safe, efficient, and investor-ready. The main floor unit consists of high ceilings, stunning hardwood floors, and a modern kitchen and bathroom. The upstairs unit is very spacious with many updates and open concept living. Both units feature private entrances, functional layouts, and separate Hydro meters, providing ease of management while appealing to tenants. Live in one unit and lease the other or set your own rents with this fully vacant property. Financially, this duplex delivers strong returns, with projected gross rents of $43,200 per year and a projected Net Operating Income of $35,449, which equates to a cap rate of nearly 6% at the list price. The location is unbeatable: walk to Downtown London or the vibrant shops and cafés of Wortley Village, and enjoy transit, schools, and parks just minutes away. With legal compliance, modern updates, and immediate income, 64 Stanley Street is a turn-key investment you won't want to miss! (id:24570)
Location
Province ON
Rooms
Kitchen 2.0
Extra Room 1 Second level 1.62 m X 3.33 m Bathroom
Extra Room 2 Second level 3.97 m X 4.19 m Living room
Extra Room 3 Second level 2.34 m X 3.33 m Kitchen
Extra Room 4 Second level 2.3 m X 2.06 m Dining room
Extra Room 5 Second level 2.72 m X 2.59 m Primary Bedroom
Extra Room 6 Second level 3.4 m X 2.47 m Bedroom
Interior
Heating Forced air
Exterior
Parking Features No
View Y/N No
Total Parking Spaces 4
Private Pool No
Building
Lot Description Landscaped
Story 1.5
Sewer Sanitary sewer
Listed by TEAM GLASSER REAL ESTATE BROKERAGE INC.