1942 Duluth Cres, London East, N5V 1H7

Home Overview

Description

CALLING LONDON INVESTORS: Welcome to 1942 Duluth Cres, a fully renovated investment gem (High CAP RATE) in the heart of London. This spacious bungalow features a 3+3 bedroom, 1+1 bathroom, 1+1 kitchen layout on a generous 50x136 ft lot. Completed in 2022, the modern renovation includes great finishes throughout, making this property as turnkey as they come. Generating $4,000/month in rental income, its an excellent opportunity for investors. The open-concept main floor offers a bright and inviting living space, with a contemporary eat-in kitchen that showcases upgraded cabinetry and sleek, modern appliances. Each of the three bedrooms on this level provides ample room for relaxation, and the seamless flow between the kitchen, dining, and living areas creates an ideal setting for entertaining or family gatherings. A separate side entrance leads to a fully finished in-law suite featuring 3 Bedrooms, 1 Bathroom, laundry, and kitchen. Outside, the expansive backyard offers endless possibilities for outdoor enjoyment, with plenty of space for relaxing or social gatherings. Nestled in a vibrant community, 1942 Duluth Cres provides easy access to Forest View Park, the Thames River pathway, and is only minutes from major amenities including dining, shopping, and groceries. The location is ideal, with convenient access to the 401 and proximity to the airport, making citywide travel a breeze. Don't miss this opportunity to own a beautifully modernized cash flowing investment property in one of London's most accessible and desirable rental neighbourhoods! Property is being offered in AS-IS condition and buyer to assume tenants to continue their existing lease.

2 months

On Market

Detached

Property Type

$34,792,737 / Year

Est. Taxes

Bungalow

Style

None

Garage

Finished

Basement