$ 460.000

774 Lorne Avenue, London

  • Bedrooms: 3
  • Bathrooms: 2
  • Type: Duplex
  • Added: 9 days ago
  • Updated: 8 days ago
  • Last Checked: 20 hours ago
This updated 1-1/2 story detached brick home is located in the vibrant Old East Village neighborhood, offering a perfect blend of classic charm and modern upgrades. The property features two separate entrances and a freshly painted brick exterior with revitalized garage and landscaping, creating impressive curb appeal. The deep lot provides plenty of outdoor space for gardening or recreation, and a vintage lamppost in the backyard evokes the neighborhood's historic character. Since 2017, there have been numerous updates, including a new roof, and in 2020, both kitchens and the main bathroom were renovated with new appliances, pot lights, and updated plumbing and electrical systems. The main-level br includes a triple-pane window for enhanced insulation and noise reduction. In 2021, heating improvements were made with the installation of panel radiators, most windows were replaced, and smart home features like a thermostat and bathroom fan were added for convenience. By 2022, outdoor spaces were transformed with a new deck, front steps, and essential plumbing upgrades. In 2023, a new gas HWT (owned) was installed, along with a built-in closet in the main floor br. The home was completely repainted inside and out in 2024, with additional landscaping enhancements and a new front porch light. Both breaker panels were also updated. The vacant main floor unit presents an excellent opportunity for owner-occupancy with the potential for rental income, or you can bring in your own tenants. The upper unit is currently set up as a 1-br but could easily be converted into a 2-br. Located just minutes from downtown, this home offers easy access to shopping, dining, entertainment, and all the amenities that make OEV a highly desirable neighborhood. With separate spaces, individual utility meters, and a wealth of upgrades, this property offers both versatility and comfort in a dynamic, sought-after area. (id:1945)
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Property DetailsKey information about 774 Lorne Avenue

  • Cooling: Window air conditioner
  • Heating: Radiant heat, Natural gas
  • Stories: 1-1/2
  • Structure Type: Duplex
  • Exterior Features: Brick
  • Foundation Details: Brick
  • Type: Detached Brick Home
  • Year Built Updated: Roof: New (2017), Kitchens: Renovated (2020), Main Bathroom: Renovated (2020), Heating Improvements: Panel Radiators (2021), Outdoor Spaces: Transformed (2022), Gas HWT: New (2023), Interior Repainted: 2024
  • Unit Configuration: Main Floor: Vacant, potential for owner-occupancy or rental income, Upper Unit: 1-bedroom (can be converted to 2-bedroom)

Interior FeaturesDiscover the interior design and amenities

  • Basement: Unfinished, Full
  • Appliances: Washer, Refrigerator, Dishwasher, Range, Dryer, Microwave, Two stoves, Water Heater
  • Bedrooms Total: 3
  • Main Level Bedroom: Window: Triple-pane (enhanced insulation and noise reduction), Built-in Closet: Installed (2023)
  • Kitchens: Appliances: New (2020), Pot Lights: Installed (2020)
  • Bathrooms: Updated plumbing and electrical systems (2020)

Exterior & Lot FeaturesLearn about the exterior and lot specifics of 774 Lorne Avenue

  • Water Source: Municipal water
  • Parking Total: 3
  • Parking Features: Detached Garage
  • Building Features: Separate Electricity Meters
  • Lot Size Dimensions: 27.09 x 133.72 FT
  • Construction: Brick
  • Entrances: Two separate
  • Curb Appeal: Freshly painted exterior, revitalized garage, landscaping
  • Lot: Deep lot, outdoor space for gardening/recreation
  • Backyard: Vintage lamppost evoking historic character
  • Deck: New (2022)
  • Front Steps: New (2022)
  • Front Porch Light: New (2024)

Location & CommunityUnderstand the neighborhood and community

  • Directions: English St off of Dundas St, then Lorne Ave to the right
  • Neighborhood: Old East Village
  • Proximity: Minutes from downtown, shopping, dining, entertainment

Business & Leasing InformationCheck business and leasing options available at 774 Lorne Avenue

  • Rental Potential: Owner-occupancy or rental income opportunity

Utilities & SystemsReview utilities and system installations

  • Sewer: Sanitary sewer
  • Utility Meters: Separate for each unit
  • Breaker Panels: Updated
  • Heating: Panel radiators (2021)
  • Plumbing: Essential upgrades (2022)
  • Smart Home Features: Thermostat: Installed (2021), Bathroom Fan: Installed (2021)

Tax & Legal InformationGet tax and legal details applicable to 774 Lorne Avenue

  • Tax Annual Amount: 1776
  • Zoning Description: R3-2

Additional FeaturesExplore extra features and benefits

  • Landscaping Enhancements: Made (2024)
Room Dimensions
Type Level Dimensions
Foyer Main level 1.29 x 4.25
Living room Main level 4.1 x 3.52
Bedroom Main level 3.81 x 3.05
Kitchen Main level 3.85 x 3.27
Dining room Main level 3.63 x 2.18
Bedroom Second level 2.98 x 3.4
Living room Second level 4.15 x 3.5
Kitchen Second level 2.98 x 3.51
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Additional Information about 774 Lorne Avenue

This Duplex at 774 Lorne Avenue London, ON with MLS Number x10422550 listed by PATRICK LEXIMA - ONE PERCENT REALTY LTD. on London market 9 days ago at $460,000

We have found 6 Duplex that closely match the specifications of the property located at 774 Lorne Avenue with distances ranging from 2 to 3 kilometers away. The prices for these similar properties vary between 469,900 and 630,000.

The current price of the property is $460,000, 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 17% down payment, the total amount borrowed would be $381,800. This would result in a monthly mortgage payment of $2,151 over a 25-year amortization period.

More Details?
  • PATRICK LEXIMA
  • ONE PERCENT REALTY LTD.
  • 888-966-3111

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