Home with brick exterior material, street for 454 Salisbury St, London Ontario N5Y 3B2
40 days on Market

454 Salisbury St, London, Ontario N5Y 3B2

Detached
3 + 2
2
~700-1100 sqft
$599,900
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Detached
3 + 2
2
~700-1100 sqft

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Highlights

Estimated ValueNot available

Price/Sqft$701/sqft

Est. Mortgage$2,576/mo

Tax Amount (2024)$4,169/yr

Days On Market40 days


Description

INVESTORS! Youre not going to want to miss this LEGAL, LICENSED DUPLEX with a potential 6.4% CAP RATE!!!! This all-brick two unit property with separate detached garage (bonus income potential) is located in a great neighbourhood with an easy commute to Fanshawe College, downtown London, parks, schools and more. The main unit combines comfort with functionality featuring three bedrooms, a generously sized kitchen and a living room with updated laminate flooring, vinyl windows and central air conditioning. This unit is currently rented to excellent tenants at market rent. With the spacious recently renovated two-bedroom lower-level unit being vacant, you can choose your own tenant or have a family member move in as well. Shared laundry is available in the common space making it an attractive feature for prospective tenants. Additional features include the home being equipped with a modern Nest thermostat and a newer furnace. Don't forget the entertainment options with nearby craft breweries and the bustling hubs of The Factory and Clubhouse. This property is perfect for investors looking for a turnkey investment, parents of students attending Fanshawe, and home-owners looking for income potential.


Property Details

StyleBungalow
View-
Age of property51-99
SqFt~700-1100 SqFt
Lot Size5,175 SqFt(115 x 45)
Parking Spaces3
MLS ®NumberX12044473
Community NameCarling
Data SourceTRREB
Listing byCENTURY 21 FIRST CANADIAN CORP

Features

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

Main Floor

Kitchen

3.54 x 4.15

Primary

3.94 x 4.0

Br

3.02 x 3.12

Br

2.83 x 3.12


Features

Lot size: 5,175 SqFt

Parking

Garage spaces 1

Garage type Detached

Other parking spaces 2

Total parking spaces 3


Property listed by CENTURY 21 FIRST CANADIAN CORP, Brokerage
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Market Data - Carling

Geo Zone Map ThumbnailCarling

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

11 days

Compared to

2024

15 days

2023

13 days

2022

8 days

New Listings

Past 30 days

31 listings

Compared to

2024

29 listings

2023

22 listings

2022

25 listings

Units sold

Past 30 days

10 units

Compared to

2024

19 units

2023

18 units

2022

14 units

Median Sold Price

Past 30 days

$519,850

Compared to

2024

$528,000

2023

$567,250

2022

$621,250


Population and Demographics

Overview

Total population 18701
Average household income $82,796

Age (%)

20 to 34
31%
0 to 19
21%
35 to 49
19%
50 to 64
17%
65 and plus
12%

Household composition (%)

Single family
53%
Single person
36%
Multi person
10%
Multi family
0%

Mother tongue (%)

English
79%
Others
6%
Nepali
3%
Malayalam
3%
Spanish
2%
Arabic
2%
Tagalog (Pilipino, Filipino)
1%

House tenancy (%)

Renters
58%
Owners
42%

Schools and amenities

Estimated Budget