$799,000 FOR SALE

Investment

Lot: 46.5 x 121.5 ftTotal Area: 1,895.92 ft2
2023 Taxes: $4,646.51Maintenance Fees: $1,890

12 CARTWRIGHT St
London, ON N6B 2W4 | East F | Middlesex

This hidden gem punctuates the neighbourhood in Historic Downtown Woodfield; a turnkey renovated three unit 19th century cottage charmer style home. Full of history, this newly renovated multi-generational home sits on a huge lot with one of the largest backyards on the street that features a row of fully mature lilac bushes, an outdoor living space with gas hookup, huge gardens and two driveways with space for up to six cars. Lord Roberts Public School and London Central Secondary School are within walking distance making this a perfect family home featuring three spacious bedrooms, two bathrooms, a full kitchen, kitchenette and laundry in the back. The home also features a legal two bedroom upper apartment w/ separate entrance and dedicated laneway and a one bed and one bath private front unit making it the perfect mortgage-helper or investment opportunity. The configuration would allow the main level two units to be opened up into a single oversized shared space. This property was operated as a succesful short term rental previously and would be well suited for an owner to occupy the upperor front unit and short term rent the main unit. It also presents the oppurtunity for an in demand midterm or long term rental with the flexibility to place profesionals, families or students. As Woodfield continues to develop and become a more and more souight after neighbourhood, secure your piece of history for the inevitable appreciation of the future.

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Listed By EXP Realty
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number X8381976
Last Updated Jul 15, 2024
Property Summary
Property Type Investment

More like this:
PIN 082720038
Legal Description S 1/2 LT 5 PLAN 31(E) LONDON
Occupancy Vacant
Possession Date Flexible
Taxes (2023) $4,646.51
Maintenance Fees $1,890
Assessment (2016) $318,000
Directions/Cross Streets Princes Ave; Dufferin Ave
Neighbourhood East F
Area Middlesex
Price History
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Detailed Information
Bathrooms 4
Lot 46.5 x 121.5 ft
Total Area 1,895.92 ft2
Air Conditioning Central Air
Basement Y
Chattels Y
Garage Type None
Parking Spaces 6
Heat Type Forced Air
Financial Statement Y
Net Income Before Debt $63,000
Heat Expenses $900
Insurance Expense $1,600
Management Expense $2,791
Operating Expenses $13,027
Other Expenses $1,260
Expenses Actual/Estimated Est
Area Influences Public Transit
Sewers Sewers
Water Municipal
Zoning R3-2
Seller Property Info Statement Y

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