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$419,000
Available - For Sale
Listing ID: X12086994
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.
Price $419,000
Taxes: $2,721
Occupancy by: Vacant
Address: 419 Ronald Stre , London, N5W 5B8, Middlesex
Directions/Cross Streets: Dundas St & Clarke Rd
Rooms: 5
Rooms +: 4
Bedrooms: 2
Bedrooms +: 1
Washrooms: 2
Family Room: T
Basement: Full
Separate Ent
  Level/Floor Room Length(ft) Width(ft) Descriptions
Room 1: Main Kitchen 12.40 11.32
Room 2: Main Bathroom 5.25 7.51
Room 3: Main Primary B 16.01 10.40
Room 4: Main Bedroom 12.17 10.40
Room 5: Main Living Ro 12.33 19.32
Room 6: Lower Living Ro 10.00 16.99
Room 7: Lower Bedroom 12.99 12.99
Room 8: Lower Bathroom 6.43 2.98
No. of Pieces Level
Washroom 1:  3 Main
Washroom 2:  3 Lower
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Washroom 6:  3 Main
Washroom 7:  3 Lower
Washroom 8:  0
Washroom 9:  0
Washroom 10:  0
Property Type: Detached
Style: 1 1/2 Storey
Exterior: Brick
Garage Type: Detached
(Parking/)Drive: Private
Drive Parking Spaces: 3
Park #1
Parking Type: Private
Park #2
Parking Type: Private
Pool: Inground
Approximatly Square Footage: 1500-2000
CAC Included: N
Water Included: N
Cabel TV Included: N
Common Elements Included: N
Heat Included: N
Parking Included: N
Condo Tax Included: N
Building Insurance Included: N
Fireplace/Stove: N
Heat Type: Forced Air
Central Air Conditioning: Central Air
Central Vac: N
Laundry Level: Syste
Ensuite Laundry: F
Sewers: Sewer
Utilities-Cable: A
Utilities-Hydro: Y
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RARE REAL ESTATE

419 Ronald Stre , London, N5W 5B8, Middlesex


 
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At a Glance:
Type: Freehold - Detached
Area: Middlesex
Municipality: London
Neighbourhood: East H
Style: 1 1/2 Storey
Lot Size: x 130.33(Feet)
Approximate Age:
Tax: $2,721
Maintenance Fee: $0
Beds: 2+1
Baths: 2
Garage: 0
Fireplace: N
Air Conditioning:
Pool: Inground
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