Home with brick exterior material, street for 419 Ronald St, London Ontario N5W 5B8
2 days on Market

419 Ronald St, London, Ontario N5W 5B8

Detached
2 + 1
2
~1500-2000 sqft
$419,000
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Detached
2 + 1
2
~1500-2000 sqft

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Highlights

Estimated ValueNot available

Price/Sqft$244/sqft

Est. Mortgage$1,799/mo

Tax Amount (2024)$2,721/yr

Days On Market2 days


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.


Property Details

Style1 1/2 Storey
View-
Age of property-
SqFt~1500-2000 SqFt
Lot Size6,516 SqFt(130.33 x 50)
Parking Spaces4
MLS ®NumberX12086994
Community NameArgyle
Data SourceTRREB
Listing byRARE REAL ESTATE

Features

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

Main Floor

Bathroom

1.6 x 2.29

Primary

4.88 x 3.17

Br

3.71 x 3.17

Living

3.76 x 5.89


Features

Lot size: 6,516 SqFt
Pool: Inground

Parking

Garage spaces 1

Garage type Detached

Other parking spaces 3

Total parking spaces 4


Property listed by RARE REAL ESTATE, Brokerage
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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%

Schools and amenities

Estimated Budget