557 Ontario St
, London
, N5W 3X9
$649,900
2-Storey House for Sale. Attention investors, check out this opportunity to own a triplex in old east village! The main floor 2 bedroom unit is leased for $1500 all-inclusive and features 2 bedrooms, upper unit (1 bedroom) is owner-occupied and the basement unit (1 bedroom) is leased for $800 all-inclusive. $27,600 in gross annual income but can be increased significantly ... if you lease out the upper unit as well. This property has shared laundry in the basement, plenty of parking space, a huge insulated (25 x 30) shop/double garage with 9-foot doors and 10-foot ceilings currently being used by the owner. This move-in-ready home with many updates is available to become yours, you can live on the main floor and keep the other two units rented out or rent out the main floor as well and increase your annual income even more. Located within close proximity to bus routes, downtown, many restaurants & bars, great schools and major highways. [Read More]