419 RONALD STREET new Save Request In-Person Tour Request Virtual Tour
London,ON N5W5B8
Key Details
Property Type Single Family Home
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Square Footage 1,500 sqft
Price per Sqft $279
Subdivision East H
MLS Listing ID X12086994
Bedrooms 3
Originating Board Toronto Regional Real Estate Board
Property Sub-Type Freehold
Property Description
Attention developers, investors, flippers, and renovation enthusiasts419 Ronald Street in London presents a rare and exciting opportunity with major value already unlocked. This generous 50 x 130.33 ft lot has been successfully rezoned by the City of London for Triplex use (three legal dwelling units), with the potential for a future legal fourth unit in the basement. All the heavy lifting has been done: Architectural, Plumbing, Structural, and Mechanical drawings have been approved, permits have been issued, and the property already features three separate entrances, ideal for a multi-unit layout. City-approved plans allow for a 5+2 bedroom, 3-bathroom configuration across the triplex, offering excellent cash flow potential once complete. Whether you're looking to renovate and hold, flip for profit, or add to your portfolio, this project is primed and ready for execution. Estimates of $5,800 in cashflow expected from the 3 units making for a great investment. Located minutes from Fanshawe College, Argyle Mall, Downtown London, public transit, shopping, and with quick access to Highway 401, the location offers unbeatable connectivity and tenant demand. Property is being sold AS IS with all approved permits and plans in place to take advantage of this fully prepped development opportunity. (id:24570)
Location
State ON
Rooms
Kitchen 1.0
Extra Room 1 Lower level 3.05 m X 5.18 m Living room
Extra Room 2 Lower level 3.96 m X 3.96 m Bedroom
Extra Room 3 Lower level 1.96 m X 0.91 m Bathroom
Extra Room 4 Main level 3.78 m X 3.45 m Kitchen
Extra Room 5 Main level 1.6 m X 2.29 m Bathroom
Extra Room 6 Main level 4.88 m X 3.17 m Primary Bedroom
Interior
Heating Forced air
Cooling Central air conditioning
Exterior
Parking Features Yes
View Y/N No
Total Parking Spaces 4
Private Pool Yes
Building
Story 1.5
Sewer Sanitary sewer
Others
Ownership Freehold