$ 499.900

75 Cleveland Place, London

  • Bedrooms: 6
  • Bathrooms: 2
  • Type: Residential
  • Added: 10 days ago
  • Updated: 35 minutes ago
  • Last Checked: 11 minutes ago
Welcome to 75 Cleveland Pl, a beautifully updated investment property nestled in the heart of the desirable Glen Cairn neighbourhood. This fully renovated (2021) bungalow features a spacious 3+3 bedroom, 1+1 bathroom layout, situated on a 37x111 ft lot. The property is currently tenanted and generating $4,305/month inclusive, this property is an incredible investment opportunity. Tenants are on a month-to-month basis as of November, allowing for flexibility: they can remain for continued rental income or vacate with 60 days' notice, depending on your preference. The main level offers a bright, open-concept living and dining area perfect for family gatherings, along with three well-sized bedrooms. The lower level presents a fully modernized in-law suite with a separate entrance, featuring three additional bedrooms, a full bath, and a cozy living space-an ideal setup for extended family, guests, or rental income. Located in Glen Cairn, one of London's most charming and convenient communities, this property benefits from a peaceful, tree-lined street while being just minutes away from major amenities. With proximity to Victoria Hospital, top-rated schools, shopping centers, restaurants, and quick access to the 401 & 402 highways, Glen Cairn combines suburban tranquility with urban convenience. Whether you're seeking a multi-generational living solution, a mortgage helper, or a pure investment, 75 Cleveland Pl offers endless possibilities in a fantastic neighbourhood. Don't miss out on this rare opportunity! (id:1945)
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Show More Details and Features

Property DetailsKey information about 75 Cleveland Place

  • Cooling: Central air conditioning
  • Heating: Forced air, Natural gas
  • Stories: 1
  • Structure Type: House
  • Exterior Features: Brick
  • Foundation Details: Concrete
  • Architectural Style: Bungalow
  • Address: 75 Cleveland Pl
  • Type: Bungalow
  • Renovation Year: 2021
  • Lot Size: 37x111 ft
  • Bedroom Count: 3+3
  • Bathroom Count: 1+1
  • Current Tenancy: Tenanted

Interior FeaturesDiscover the interior design and amenities

  • Basement: Finished, Separate entrance, N/A
  • Appliances: Washer, Refrigerator, Dishwasher, Stove, Dryer
  • Bedrooms Total: 6
  • Main Level: Living Area: Bright, open-concept living and dining area, Bedroom Count: 3
  • Lower Level: Entrance: Separate entrance, Bedroom Count: 3, Bathroom: Full bath, Living Space: Cozy living space

Exterior & Lot FeaturesLearn about the exterior and lot specifics of 75 Cleveland Place

  • Lot Features: Carpet Free, In-Law Suite
  • Water Source: Municipal water
  • Parking Total: 5
  • Lot Size Dimensions: 36.47 x 36.92 FT
  • Street Type: Peaceful, tree-lined street

Location & CommunityUnderstand the neighborhood and community

  • Directions: Commissioners Rd & Pond Mills Rd
  • Common Interest: Freehold
  • Neighborhood: Glen Cairn
  • Proximity: Victoria Hospital: Minutes away, Top-rated Schools: Close, Shopping Centers: Close, Restaurants: Close, Highways: Quick access to 401 & 402

Business & Leasing InformationCheck business and leasing options available at 75 Cleveland Place

  • Investment Opportunity: Incredible investment opportunity
  • Usage Options: Continue rental income or vacate

Property Management & AssociationFind out management and association details

  • Monthly Rent Income: $4,305
  • Tenant Status: Month-to-month as of November
  • Notice For Vacating: 60 days

Utilities & SystemsReview utilities and system installations

  • Sewer: Sanitary sewer
  • Utilities: Sewer, Cable

Tax & Legal InformationGet tax and legal details applicable to 75 Cleveland Place

  • Tax Annual Amount: 3493
  • Zoning Description: R1-4
  • Condition: As-is condition

Additional FeaturesExplore extra features and benefits

  • Use Cases: Multi-generational living solution, mortgage helper, investment
Room Dimensions
Type Level Dimensions
Living room Main level 0 x 0
Bedroom 2 Lower level 2.92 x 3.33
Bedroom 3 Lower level 2.59 x 5.11
Kitchen Main level 0 x 0
Bedroom Main level 0 x 0
Bedroom 2 Main level 0 x 0
Bedroom 3 Main level 0 x 0
Bathroom Main level 0 x 0
Dining room Main level 0 x 0
Kitchen Lower level 0 x 0
Bathroom Lower level 0 x 0
Bedroom Lower level 4.24 x 2.13
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Additional Information about 75 Cleveland Place

This House at 75 Cleveland Place London, ON with MLS Number x10415327 listed by NIRUN SIVANANTHAN - RARE REAL ESTATE on London market 10 days ago at $499,900

We have found 6 Houses that closely match the specifications of the property located at 75 Cleveland Place with distances ranging from 2 to 10 kilometers away. The prices for these similar properties vary between 499,900 and 698,000.

The current price of the property is $499,900, 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 19% down payment, the total amount borrowed would be $404,919. This would result in a monthly mortgage payment of $2,338 over a 25-year amortization period.

More Details?
  • NIRUN SIVANANTHAN
  • RARE REAL ESTATE
  • 416-454-6353