Living room with furniture, unknown for 510 Quebec St, London East Ontario N5W 3Y7
1 day on Market

510 Quebec St, London East, Ontario N5W 3Y7

Townhouse
6
5
~3000-3500 sqft
$899,900
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Townhouse
6
5
~3000-3500 sqft

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Highlights

Estimated ValueNot available

Price/Sqft$278/sqft

Est. Mortgage$3,865/mo

Tax Amount (2024)$3,508/yr

Days On Market1 day


Description

This extensively renovated 4-plex in the charming neighbourhoods of Old East Village is a must-see if you're looking to expand your investment portfolio! The current owners have done all the heavy lifting, leaving you with a multifamily full of updates, headache-free tenants and bringing in approximately $92,400 in rental income annually with additional income offered with the roof solar panel system. Unit 1 (2 bed+den, 1 bath) includes in-suite laundry, fresh paint and a new backyard deck. Unit 2 (3 bed, 1.5 bath) offers new flooring and trim throughout, updated bathrooms and kitchen (with new appliances), in-suite laundry, updated exterior doors and windows, and fresh paint. Unit 3 (1 bed + den, 1 bath) features new flooring and trim, a new kitchen with appliances, an updated bathroom, in-suite laundry, an expanded backyard patio, and a full repaint. Unit 4 is a fully furnished bachelor unit with a new bathroom and fresh paint. The updates continue outside with exterior upgrades that include new eavestroughs, new flat roof, a new back deck for Unit 1, six parking spaces, full landscaping, new walkways and eight replaced exterior doors.


Property Details

Style2 1/2 Storey
View-
Age of property100+
SqFt~3000-3500 SqFt
Lot Size5,568 SqFt(116 x 48)
Parking Spaces6
MLS ®NumberX12193718
Community NameEast London
Data SourceTRREB
Listing byBLUE FOREST REALTY INC.

Features

Heating: Forced Air
Cooling: Central Air
Fireplace
Basement: Sep Entrance, Unfinished

Features

Lot size: 5,568 SqFt

Parking

Garage spaces -

Garage type -

Total parking spaces 6


Property listed by BLUE FOREST REALTY INC., Brokerage
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Market Data - East London

Geo Zone Map ThumbnailEast London

Strong Seller's Market

View Market Data

Townhouse - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

0 day

Compared to

2024

40 days

2023

0 day

2022

0 day

New Listings

Past 30 days

9 listings

Compared to

2024

3 listings

2023

0 listing

2022

0 listing

Units sold

Past 30 days

0 unit

Compared to

2024

1 unit

2023

0 unit

2022

0 unit

Median Sold Price

Past 30 days

$0

Compared to

2024

$420,000


Population and Demographics

Overview

Total population 10542
Average household income $82,222

Age (%)

20 to 34
31%
50 to 64
22%
35 to 49
19%
0 to 19
16%
65 and plus
13%

Household composition (%)

Single person
45%
Single family
45%
Multi person
10%
Multi family
0%

Mother tongue (%)

English
87%
Others
5%
Spanish
3%
Portuguese
1%
French
1%

House tenancy (%)

Renters
55%
Owners
45%

What’s nearby?Essentials within 5 km

Local Logic

Transportation Scores

Estimated Budget