A Great Investment Opportunity 100 Mamelon Street, London Located on a quiet, mature street, the first thing you'll notice is the extensive driveway with parking for 4 cars. This charming yellow brick property features a spacious main floor with a bedroom, a huge foyer, a welcoming living room, and 9-foot ceilings throughout. The main floor also offers a large eat-in kitchen with vinyl-clad windows and a 4-piece bathroom.Venturing downstairs, you'll find a finished basement complete with a third bedroom, ample storage space, and a convenient laundry room. The original white trim and baseboards add a touch of character to the home.In addition, this property includes a separate back unit with its own entrance. Inside, you'll find a walk-in kitchen with bright windows, a spacious bedroom with large windows, and a comfortable living room. The unit is complemented by a 4-piece bathroom that has been completely renovated, featuring newer floors and ceramic tiling.What sets this property apart is the fact that both units are currently owner-occupied, allowing you the flexibility to either rent them out as they are or add your own finishing touches to the front unit, which consists of 2 + 1 bedrooms. The possibilities for maximizing rental potential are endless.Whether you're an investor seeking a turnkey opportunity or someone looking to personalize and enhance the property's value, this side-by-side duplex offers incredible potential. The beauty of this investment lies in the buyer's ability to renovate both units and the freedom to determine your own rental rates.Currently priced as the best-value duplex in the area, and if not the absolute top choice, it is undoubtedly a close second. The property has one meter for utilities, with the tenants sharing the costs equally or as per the landlord's preference.Don't miss out on this rare chance to own a versatile property. Contact us today to schedule a viewing and seize this remarkable investment opportunity. (id:4069)
Address
100 MAMELON STREET
List Price
$399,000
Property Type
Single Family
Type of Dwelling
Duplex
Style of Home
Bungalow
Area
Ontario
Sub-Area
London
Bedrooms
4
Bathrooms
2
Floor Area
1,500 Sq. Ft.
Lot Size
34.7 x 125 FT ; 135.34FT X 34.75 FT X123.32FT X 16.71 Sq. Ft.
MLS® Number
X10425637
Listing Brokerage
SUTTON GROUP - SELECT REALTY
Basement Area
N/A (Finished)
Postal Code
N5Z1Y1
Zoning
R2-2
Site Influences
Public Transit, View
Features
Irregular lot size, Flat site, Paved yard
Amenities
Separate Electricity Meters
