Who’s looking for a profitable property?
The finished in-law suite, complete with separate entrance makes this one easy for end users, house hackers, and investors! The two-unit setup provides an estimated $4,100-$4,900/month rental income, plus future ADU potential.
This property also offers a large half-acre lot, an oversized garage that already has its own hydro, and tons of parking! Smaller comps in worse condition are selling in the high $500Ks! Properties of this size and with this much land consistently selling over $600K, making this one’s a no brainer.
How can you profit?
1) Move In With Equity – This home offers over $200K in instant equity. Many updates have already been completed, and many big ticket items are updated! Get more house, more land, and a finished lower-level in-law suite. Realtor’s bring your buyers (3.5% co-op included!)
2) Buy & Hold / House Hack – The home is currently set up as two 2-bedroom units. Estimated rent for each is $2,300-$2,600/month for the upper level and $1,800-$2,300 for the lower. That’s $4,100-$4,900/month combined monthly income. Live in one level and rent the other, or rent both (buyer to confirm compliance).
3) Easy Wholetail – In this market, smaller, more dated homes, without a basement apartment are selling in the $500Ks! Complete some light touch-ups and resell over $600K, giving you over $200K spread for minimal work!
4) Future Garden Suite Potential – The 104 x 247 lot is well above the size threshold that makes future density worth investigating. Not to mention the oversized detached garage with existing hydro in place! The large yard, wide frontage and extensive parking leave multiple ADU options open.
SUMMARY:
– LOCATION: London, ON (Dundas St & Veterans Memorial Pkwy)
– PURCHASE PRICE: 424,900 Or Best Offer (includes 3.5% co-op!)
– DIRECT BUYER DISCOUNTED PRICE: 399,000 Or Best Offer
– CURRENT MARKET VALUE: $630,000
– CLOSING: August 20, 2026 (Fast close for a great deal! This is an Assignment sale)
– TYPE: Detached Bungalow
– BEDS/BATHS: 2+2 beds/1+1 baths
– PARKING: Large detached garage (with power) + TONS of driveway spaces
– BASEMENT: Finished with in-law suite (separate entrance, 2 bedrooms, full bathroom and full kitchen)
– SQFT: 1,485
– LOT: 104’ x 247’ (just over half an acre; supports future garden suite investigation)
– AGE: 1959
– PROPERTY TAX: $4,627 (2025)
– POSSESSION: Vacant
– POTENTIAL RENT: Estimated $4,200-$5,200/month total ($2,100-$2,600 per 2-bedroom level)
RENOVATIONS NEEDED:
– This property is move-in / rent-ready. No significant renovations required.
– Legalize basement apartment for maximum resale value!
– Some junk and furniture removal.
– Please view the pictures and videos for ideas on what you’d like to renovate.
GOOD NEWS:
– $230K of instant equity!
– Separate basement entrance with 2 bedrooms, full bathroom and full kitchen
– 104’ x 247’ tree-lined lot with future garden suite potential, subject to approvals
– Heating system 2021, water heater 2022, windows and doors 2022, UV system 2025
– Oversized detached garage with hydro
LISTING ID: 0726-LON-F02
Please reply to this email to request an info package. (Comparable sales, MPAC info, and more…)
Thank you,
Tobias King, Georgia Godfrey, Aaron Moore
647-557-5979
www.HouseDealsGTA.ca – Wholesale Properties For Real Estate Investors
*GTA AREA PS WEBPAGE LINK: https://www.housedealsgta.ca/go/investment-properties/
*OUTSIDE GTA AREA PS WEBPAGE LINK: https://www.housedealsgta.ca/preferred-buyers/
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