$ 429.000

100 Mamelon Street, London

  • Bedrooms: 4
  • Bathrooms: 2
  • Type: Duplex
  • Added: 7 days ago
  • Updated: 6 days ago
  • Last Checked: 15 hours ago
A Great Investment Opportunity 100 Mamelon Street, London Located on a quiet, mature street, the first thing you'll notice is the extensive driveway with parking for 4 cars. This charming yellow brick property features a spacious main floor with a bedroom, a huge foyer, a welcoming living room, and 9-foot ceilings throughout. The main floor also offers a large eat-in kitchen with vinyl-clad windows and a 4-piece bathroom.Venturing downstairs, you'll find a finished basement complete with a third bedroom, ample storage space, and a convenient laundry room. The original white trim and baseboards add a touch of character to the home.In addition, this property includes a separate back unit with its own entrance. Inside, you'll find a walk-in kitchen with bright windows, a spacious bedroom with large windows, and a comfortable living room. The unit is complemented by a 4-piece bathroom that has been completely renovated, featuring newer floors and ceramic tiling.What sets this property apart is the fact that both units are currently owner-occupied, allowing you the flexibility to either rent them out as they are or add your own finishing touches to the front unit, which consists of 2 + 1 bedrooms. The possibilities for maximizing rental potential are endless.Whether you're an investor seeking a turnkey opportunity or someone looking to personalize and enhance the property's value, this side-by-side duplex offers incredible potential. The beauty of this investment lies in the buyer's ability to renovate both units and the freedom to determine your own rental rates.Currently priced as the best-value duplex in the area, and if not the absolute top choice, it is undoubtedly a close second. The property has one meter for utilities, with the tenants sharing the costs equally or as per the landlord's preference.Don't miss out on this rare chance to own a versatile property. Contact us today to schedule a viewing and seize this remarkable investment opportunity. (id:1945)
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Property DetailsKey information about 100 Mamelon Street

  • Cooling: Central air conditioning
  • Heating: Forced air, Natural gas
  • Stories: 1
  • Structure Type: Duplex
  • Exterior Features: Brick, Vinyl siding
  • Foundation Details: Block
  • Architectural Style: Bungalow
  • Address: 100 Mamelon Street, London
  • Property Type: Duplex
  • Units: 2
  • Current Occupancy: Owner-occupied

Interior FeaturesDiscover the interior design and amenities

  • Basement: Finished: true, Bedroom Count: 1, Storage Space: Ample, Laundry Room: Convenient, Trim: Original white trim and baseboards
  • Appliances: Refrigerator, Two stoves
  • Bedrooms Total: 4
  • Main Floor: Bedroom Count: 1, Foyer: Huge, Living Room: Welcoming, Ceiling Height: 9-foot, Kitchen: Type: Eat-in, Windows: Vinyl-clad, Bathroom: Count: 1, Type: 4-piece
  • Back Unit: Entrance: Separate, Kitchen: Type: Walk-in, Windows: Bright windows, Bedroom: Size: Spacious, Windows: Large, Living Room: Comfortable, Bathroom: Count: 1, Type: 4-piece, Renovation: Completely renovated, Flooring: Newer floors and ceramic tiling

Exterior & Lot FeaturesLearn about the exterior and lot specifics of 100 Mamelon Street

  • View: City view, View
  • Lot Features: Irregular lot size, Flat site, Paved yard
  • Water Source: Municipal water
  • Parking Total: 4
  • Building Features: Separate Electricity Meters
  • Lot Size Dimensions: 34.7 x 125 FT ; 135.34FT X 34.75 FT X123.32FT X 16.71
  • Driveway: Parking Capacity: 4, Type: Extensive
  • Property Style: Charming yellow brick

Location & CommunityUnderstand the neighborhood and community

  • Directions: Mamelon Street & Hamilton Road
  • Community Features: School Bus
  • Street: Quiet, mature street

Business & Leasing InformationCheck business and leasing options available at 100 Mamelon Street

  • Rental Strategy: Maximizing rental potential
  • Rental Rates: Buyer determines their own

Property Management & AssociationFind out management and association details

  • Rental Potential: Flexible - could be rented as is or renovated

Utilities & SystemsReview utilities and system installations

  • Sewer: Sanitary sewer
  • Utilities: Meter Count: 1, Cost Sharing: Tenants share costs equally or as per landlord's preference

Tax & Legal InformationGet tax and legal details applicable to 100 Mamelon Street

  • Tax Annual Amount: 2812.16
  • Zoning Description: R2-2

Additional FeaturesExplore extra features and benefits

  • Security Features: Smoke Detectors
  • Investment Opportunity: Turnkey or personalized enhancements
  • Market Position: Best-value duplex in the area
Room Dimensions
Type Level Dimensions
Kitchen Main level 3.61 x 3.48
Living room Main level 3.56 x 3.53
Primary Bedroom Main level 4.32 x 3.02
Bedroom Main level 2.64 x 2.49
Recreational, Games room Lower level 6.1 x 4.88
Other Lower level 2.36 x 2.06
Bedroom Lower level 4.52 x 3.1
Kitchen Main level 3.53 x 3.48
Living room Main level 3.53 x 2.69
Primary Bedroom Main level 3.05 x 2.54
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Additional Information about 100 Mamelon Street

This Duplex at 100 Mamelon Street London, ON with MLS Number x10425637 listed by JOSE NUNES - SUTTON GROUP - SELECT REALTY on London market 7 days ago at $429,000

We have found 6 Duplex that closely match the specifications of the property located at 100 Mamelon Street with distances ranging from 2 to 3 kilometers away. The prices for these similar properties vary between 529,000 and 585,000.

The current price of the property is $429,000, and the mortgage rate being used for the calculation is 4.44%, which is a rate offered by Ratehub.ca. Assuming a mortgage with a 18% down payment, the total amount borrowed would be $351,780. This would result in a monthly mortgage payment of $2,006 over a 25-year amortization period.

More Details?
JOSE NUNES
  • JOSE NUNES
  • SUTTON GROUP - SELECT REALTY
  • 519-670-6526