Home with brick exterior material, street for 1942 Duluth Cres, London East Ontario N5V 1H7
Re-listed 12 days ago

1942 Duluth Cres, London East, Ontario N5V 1H7

Detached
3 + 3
2
~< 700 sqft
$•••,•••
$559,000
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Detached
3 + 3
2
~< 700 sqft

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Highlights

Estimated ValueNot available

Price/Sqft$399/sqft

Est. Mortgage$2,401/mo

Tax Amount (2024)$2,737/yr

Days On Market12 days

Total Days On Market207 days


Description

CALLING LONDON INVESTORS: Welcome to 1942 Duluth Cres, a fully renovated investment gem (High CAP RATE) in the heart of London. This spacious bungalow features a 3+3 bedroom, 1+1 bathroom, 1+1 kitchen layout on a generous 50x136 ft lot. Completed in 2022, the modern renovation includes great finishes throughout, making this property as turnkey as they come. Generating $4,000/month in rental income, its an excellent opportunity for investors. The open-concept main floor offers a bright and inviting living space, with a contemporary eat-in kitchen that showcases upgraded cabinetry and sleek, modern appliances. Each of the three bedrooms on this level provides ample room for relaxation, and the seamless flow between the kitchen, dining, and living areas creates an ideal setting for entertaining or family gatherings. A separate side entrance leads to a fully finished in-law suite featuring 3 Bedrooms, 1 Bathroom, laundry, and kitchen. Outside, the expansive backyard offers endless possibilities for outdoor enjoyment, with plenty of space for relaxing or social gatherings. Nestled in a vibrant community, 1942 Duluth Cres provides easy access to Forest View Park, the Thames River pathway, and is only minutes from major amenities including dining, shopping, and groceries. The location is ideal, with convenient access to the 401 and proximity to the airport, making citywide travel a breeze. Don't miss this opportunity to own a beautifully modernized cash flowing investment property in one of London's most accessible and cash flowing rental neighbourhoods!


Property Details

StyleBungalow
View-
Age of property-
SqFt~< 700 SqFt
Lot Size68,459 SqFt(136.61 x 501.13)
Parking Spaces3
MLS ®NumberX12163389
Community NameArgyle
Data SourceTRREB
Listing byRARE REAL ESTATE

Features

Heating: Forced Air
Cooling: Central Air
Basement: Finished, Sep Entrance

Main Floor

Kitchen

3.48 x 3.05

Living

3.48 x 5.33

3rd Br

3.45 x 3.02

Bathroom

2.39 x 1.45

4 Pc Bath


Features

Lot size: 68,459 SqFt

Parking

Garage spaces -

Garage type -

Total parking spaces 3


Property listed by RARE REAL ESTATE, Brokerage
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Market Data - Argyle

Geo Zone Map ThumbnailArgyle

Seller's Market

View Market Data

Detached house - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

16 days

Compared to

2024

12 days

2023

19 days

2022

13 days

New Listings

Past 30 days

46 listings

Compared to

2024

50 listings

2023

36 listings

2022

43 listings

Units sold

Past 30 days

21 units

Compared to

2024

28 units

2023

24 units

2022

30 units

Median Sold Price

Past 30 days

$501,500

Compared to

2024

$527,500

2023

$559,000

2022

$612,000


Population and Demographics

Overview

Total population 24680
Average household income $92,644

Age (%)

20 to 34
24%
0 to 19
22%
50 to 64
21%
35 to 49
18%
65 and plus
15%

Household composition (%)

Single family
62%
Single person
29%
Multi person
8%
Multi family
0%

Mother tongue (%)

English
87%
Others
6%
Portuguese
2%
Spanish
2%
French
1%

House tenancy (%)

Owners
64%
Renters
36%

What’s nearby?Essentials within 5 km

Local Logic

Transportation Scores

Estimated Budget