Home with brick exterior material, street for 1942 Duluth Cres, London East Ontario N5V 1H7
Re-listed 45 days ago

1942 Duluth Cres, London East, Ontario N5V 1H7

Detached
3 + 3
2
~< 700 sqft
$•••,•••
$559,000
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Up to
$5,590Cashback
Detached
3 + 3
2
~< 700 sqft

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Highlights

Property Estimate

Days on market45 days

Total days on market
240 days

Estimated valueNot available

Price/Sqft$399/sqft

Monthly cost

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CMA Subject Property

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+25

Properties sold*

$575K

Median sold price*

*Based on last 30 days

Description

CALLING LONDON INVESTORS: Welcome to 1942 Duluth Cres, a fully renovated investment gem (High CAP RATE) in the heart of London. This spacious bungalow features a 3+3 bedroom, 1+1 bathroom, 1+1 kitchen layout on a generous 50x136 ft lot. Completed in 2022, the modern renovation includes great finishes throughout, making this property as turnkey as they come. Generating $4,000/month in rental income, its an excellent opportunity for investors. The open-concept main floor offers a bright and inviting living space, with a contemporary eat-in kitchen that showcases upgraded cabinetry and sleek, modern appliances. Each of the three bedrooms on this level provides ample room for relaxation, and the seamless flow between the kitchen, dining, and living areas creates an ideal setting for entertaining or family gatherings. A separate side entrance leads to a fully finished in-law suite featuring 3 Bedrooms, 1 Bathroom, laundry, and kitchen. Outside, the expansive backyard offers endless possibilities for outdoor enjoyment, with plenty of space for relaxing or social gatherings. Nestled in a vibrant community, 1942 Duluth Cres provides easy access to Forest View Park, the Thames River pathway, and is only minutes from major amenities including dining, shopping, and groceries. The location is ideal, with convenient access to the 401 and proximity to the airport, making citywide travel a breeze. Don't miss this opportunity to own a beautifully modernized cash flowing investment property in one of London's most accessible and cash flowing rental neighbourhoods!


Property Details

StyleBungalow
View-
Age of property-
SqFt~< 700 SqFt
Lot Size68,459 SqFt(136.61 x 501.13)
Parking Spaces3
MLS ®NumberX12163389
Community NameArgyle
Data SourceTRREB
Listing byRARE REAL ESTATE

Features

Heating: Forced Air
Cooling: Central Air
Basement: Finished, Sep Entrance

Main Floor

Kitchen

3.48 x 3.05

Living

3.48 x 5.33

3rd Br

3.45 x 3.02

Bathroom

2.39 x 1.45

4 Pc Bath


Features

Lot size: 68,459 SqFt

Parking

Garage spaces -

Garage type -

Total parking spaces 3


Market Data - Argyle

Geo Zone Map ThumbnailArgyle

Balanced Market

View Market Data

Detached house - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

23 days

Compared to

2024

25 days

2023

11 days

2022

16 days

New Listings

Past 30 days

34 listings

Compared to

2024

33 listings

2023

49 listings

2022

40 listings

Units sold

Past 30 days

16 units

Compared to

2024

25 units

2023

27 units

2022

22 units

Median Sold Price

Past 30 days

$514,950

Compared to

2024

$575,000

2023

$553,600

2022

$547,500


Population and Demographics

Overview

Total population 24680
Average household income $92,644

Age (%)

0 to 19
22%
20 to 34
24%
35 to 49
18%
50 to 64
21%
65 and plus
15%

Household composition (%)

Single family
62%
Single person
29%
Multi person
8%
Multi family
0%

Mother tongue (%)

English
87%
Others
6%
Portuguese
2%
Spanish
2%
French
1%

House tenancy (%)

Owners
64%
Renters
36%

What’s nearby?Essentials within 5 km

Local Logic

Transportation Scores

Estimated Budget