981 Lorne Avenue London East, Ontario N5W 3L4
$389,500
AMAZINGLY PRICED LONDON, ON DUPLEX! Superior Up-&-Down LEGAL DUPLEX (w/ TRI-PLEX potential*) in Old East Village! This well-maintained LEGAL duplex (formerly a TRI-PLEX) is ideally located in a desirable pocket of Old East Village, close to schools, playgrounds, shopping, Western Fair District, & countless other amenities. Featuring separate entrances & separate hydro meters, this property offers flexibility, privacy, & proven strong income. The spacious main unit spans two levels & offers 2 bedrooms with the potential to be used as 3 bedrooms (given the additional living space in lower level) along with an impressive 2 FULL bathrooms. This unit feels like a full house, making it perfect for owner-occupiers or families seeking space & comfort. Helping to offset your mortgage is a great upper-level tenant in the 1 bedroom/1 bathroom unit, creating an ideal live & earn opportunity! The home is in excellent overall condition, making for truly easy "landlording". Major upgrades were completed in 2013, including wiring, plumbing, furnace, & insulation (walls and attic). The roof was replaced in 2011, & renovated bathrooms, kitchen, & windows were completed in 2019. Two full sets of appliances are included. Additional highlights include loads of parking, a fully fenced yard w/ patio & handy garden shed, & a *walk-up lower level (SEPERATE ENTRANCE to LOWER) that could potentially be converted back to a triplex, unlocking even more income. This place is irrefutably loaded with value! Both units are currently rented month-to-month, offering flexibility for investors or owner-occupiers. Live in one unit with strong rental income, or rent both for maximum returns. Turn the key & go - such a good buy! Vacant possession of primary owner occupied 2-level unit available immediately if desired, or keep the owner in that unit at $2100/month + hydro. Excellent upper unit tenant on month to month terms at $1450 + hydro would be happy to stay. $42.6K per yr gross w/ minimal expenses (id:38604)
Property Details
| MLS® Number | X12955672 |
| Property Type | Multi-family |
| Community Name | East G |
| Amenities Near By | Hospital, Place Of Worship, Schools |
| Community Features | Community Centre, School Bus |
| Easement | Other |
| Equipment Type | None |
| Parking Space Total | 5 |
| Rental Equipment Type | None |
| Structure | Patio(s), Porch |
Building
| Bathroom Total | 3 |
| Bedrooms Above Ground | 3 |
| Bedrooms Below Ground | 1 |
| Bedrooms Total | 4 |
| Appliances | All, Water Heater |
| Basement Development | Finished |
| Basement Features | Walk Out |
| Basement Type | N/a, N/a (finished) |
| Exterior Finish | Brick |
| Fire Protection | Smoke Detectors |
| Foundation Type | Poured Concrete |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 2 |
| Size Interior | 1,100 - 1,500 Sqft |
| Type | Duplex |
| Utility Water | Municipal Water |
Parking
| No Garage |
Land
| Access Type | Year-round Access |
| Acreage | No |
| Land Amenities | Hospital, Place Of Worship, Schools |
| Sewer | Sanitary Sewer |
| Size Depth | 61 Ft ,3 In |
| Size Frontage | 38 Ft |
| Size Irregular | 38 X 61.3 Ft |
| Size Total Text | 38 X 61.3 Ft |
| Zoning Description | R2-2 |
Utilities
| Cable | Installed |
| Electricity | Installed |
| Wireless | Available |
| Sewer | Installed |
https://www.realtor.ca/real-estate/29556224/981-lorne-avenue-london-east-east-g-east-g
Contact Us
Contact us for more information
Mike Sloan
Salesperson
(519) 870-7650
123myproperty.com/
103-240 Waterloo Street
London, Ontario N6B 2N4
(519) 672-9880
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April 04 2026 01:32:23
London and St. Thomas Association of REALTORS®
Royal LePage Triland Realty