Home with brick exterior material, street for 873 Lovett St, London Ontario N5Z 1N3
24 days on Market

873 Lovett St, London, Ontario N5Z 1N3

Detached
4 + 2
3
- sqft
$649,900
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Detached
4 + 2
3
- sqft

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Highlights

Estimated ValueNot available

Price/Sqft-

Est. Mortgage$2,791/mo

Tax Amount (2024)$2,313/yr

Days On Market24 days


Description

Welcome to 873 Lovett Street in London a true cash cow and a standout turnkey investment opportunity. This fully rented, all-brick triplex brings in an impressive $5,600 per month plus utilities, delivering strong, reliable cash flow. All three units are secured with fixed-term leases, giving investors peace of mind and income stability. The main floor unit is a well-maintained 2-bedroom, 1-bath, currently rented for $1,900 plus utilities. The lower-level unit offers 3 bedrooms and 1 bath, rented at $1,850 plus utilities, while the upper unit also generates $1,850 plus utilities. Located in a desirable area with easy access to transit, shopping, and other amenities, this property is a perfect addition to any serious investors portfolio.


Property Details

Style2-Storey
View-
Age of property100+
SqFt-
Lot Size4,598 SqFt(132.13 x 34.8)
Parking Spaces4
MLS ®NumberX12071095
Community NameHamilton Road
Data SourceTRREB
Listing byGOLD EMPIRE REALTY INC.

Features

Heating: Forced Air
Basement: Sep Entrance, Finished

Features

Lot size: 4,598 SqFt

Parking

Garage spaces -

Garage type -

Total parking spaces 4


Property listed by GOLD EMPIRE REALTY INC., Brokerage
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Market Data - Hamilton Road

Geo Zone Map ThumbnailHamilton Road

Buyer's Market

View Market Data

Detached house - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

21 days

Compared to

2024

13 days

2023

15 days

2022

11 days

New Listings

Past 30 days

32 listings

Compared to

2024

38 listings

2023

23 listings

2022

39 listings

Units sold

Past 30 days

8 units

Compared to

2024

13 units

2023

20 units

2022

34 units

Median Sold Price

Past 30 days

$433,500

Compared to

2024

$455,000

2023

$491,500

2022

$605,600


Population and Demographics

Overview

Total population 16968
Average household income $90,561

Age (%)

50 to 64
23%
20 to 34
22%
35 to 49
20%
0 to 19
20%
65 and plus
17%

Household composition (%)

Single family
58%
Single person
35%
Multi person
7%
Multi family
0%

Mother tongue (%)

English
85%
Others
4%
Portuguese
3%
Spanish
2%
Polish
1%
French
1%
Italian
1%

House tenancy (%)

Owners
67%
Renters
33%

Schools and amenities

Estimated Budget