Property Information:

Discover a prime investment opportunity with this detached bungalow ideally located on a high-exposure corner lot just minutes from Fanshawe College. This versatile property offers three self-contained units, including a spacious main level featuring four bedrooms, a full kitchen, and a 3-piece bathroom, along with a well-appointed basement unit featuring two bedrooms, a kitchen, and a 3-piece bathroom. With a strong rental income potential of up to $5,000 per month, this property is perfectly suited for investors seeking immediate cash flow. Surrounded by established commercial plazas and benefiting from flexible zoning that permits select business uses, it also presents excellent future development potential. Ideal for investors, entrepreneurs, or multi-generational families, this property combines location, income potential, and long-term upside. With high tenant demand and close proximity to key amenities, this is a rare opportunity not to be missed. (id:27)

Building Features:

Style: Detached
Building Type: House
Architectural Style: Bungalow
Basement Development: Finished
Basement Type: N/A, N/A
Construction Style - Attachment: Detached
Exterior Finish: Brick
Floor Space: 700 - 1100 sqft
Foundation Type: Concrete
Heating Type: Forced air
Heating Fuel: Natural gas
Cooling Type: Central air conditioning

Property Features:

OwnershipType: Freehold
Property Type: Single Family
Bedrooms: 4+2
Bathrooms: 3
Amenities Nearby: Public Transit
Floor Space (approx): 700 - 1100 Square Feet
Irregular: Yes
Lot Depth: 116.2 Feet
Lot Frontage: 40 Feet
Lot Size: 40 x 116.3 FT
Zoning: ASA3 OC
Sewer: Sanitary sewer
Parking Type: Carport, No Garage
No. of Parking Spaces: 3

Rooms:

Living Basement Level 4.57 m x 3.47 m
Kitchen Basement Level 3.54 m x 3.47 m
Bedroom Basement Level 3.53 m x 3.35 m
Bedroom Basement Level 3.53 m x 3.35 m
Kitchen Main Level 3.56 m x 3.04 m
Other Main Level 2.25 m x 1.31 m
Great Room Main Level 5.48 m x 2.74 m
Primary Bedroom Main Level 3.84 m x 2.95 m
2nd Bedroom Main Level 3.35 m x 2.89 m
3rd Bedroom Main Level 3.65 m x 2.74 m
Other Main Level 4.32 m x 3.74 m

Convert Measurement to:

Courtesy of: HOMELIFE/MIRACLE REALTY LTD

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Demographic Information of 1171 OXFORD STREET E, London East, Ontario, N5Y 3L7

Life Stage

Young Couples

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$90,465.18

Average Number of Children

1.70

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

15.53 %

High school certificate or equivalent

32.84 %

Apprenticeship trade certificate/diploma

7.11 %

College/non-university certificate

24.41 %

University certificate (below bachelor)

0.96 %

University Degree

19.16 %

Commuter

Travel To Work

By Car

76.69 %

By Public Transit

14.62 %

By Walking

2.18 %

By Bicycle

0.51 %

By Other Methods

6.0 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

13.12 %

Houses

86.88 %

1171 OXFORD STREET E, London East, Ontario, N5Y 3L7