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644 Lorne Avenue London, Ontario N5W 3K5

4 Bedroom 4 Bathroom 1848
Central Air Conditioning Forced Air

$899,900

COMPLETELY RENOVATED, FULLY FURNISHED 4-PLEX IN THE HEART OF OLD EAST VILLAGE! Welcome to 644 Lorne Avenue. Currently operating as an AirBnB Superhost, this 4-unit one floor building has the potential to make more than $80,000 annually! Every unit has been carefully renovated top to bottom and best of all comes fully furnished making it a turn-key opportunity that will start generating revenue right away! All four units were updated in 2014 and feature 1 bedroom, 4 piece bathrooms, kitchens with refrigerators, oven, and microwave, comfortable living spaces with flat screen TVs equipped with firesticks, ceiling fans, eating areas, luxury vinyl plank flooring throughout, safe n sound insulation between units, and WiFi controlled thermostats. There are two separate basements; one offers plenty of space for storage, the other offers a common laundry area with a gas dryer, 2-piece bath, plus 2 locked storage rooms. Additional work includes the majority of floor joists replaced, all exterior walls and attic spray foamed, updated plumbing, updated duct work, central air conditioning units replaced in 2017 and 2018, architectural roof shingles installed in 2018 and new water supply line from street to house in 2020. The exterior of this property offers peace and quiet as it is surrounded by mature trees and features one parking spot for each unit plus more along the laneway. Units 1 and 4 have their own private decks, Unit 2 has a large exclusive patio space and deck, and Unit 3 has a spacious covered patio overlooking the backyard. The backyard is a shared common area featuring green space, outdoor dining area, BBQ, and oversized detached double car garage equipped with electricity and wood stove. If you are looking for a cash flowing investment property that requires very little work in a highly desirable neighbourhood, here is your opportunity! Act quickly and be proud to add this in your portfolio. Financial information available upon request. (id:19173)

Open House

This property has open houses!

October
16
Saturday
Starts at:

2:00 pm

Ends at:

4:00 pm

Property Details

MLS® Number 40174122
Property Type Multi-family
Amenities Near By Park, Place Of Worship, Playground, Schools, Shopping
Communication Type High Speed Internet
Community Features School Bus
Features Park/reserve, Crushed Stone Driveway
Parking Space Total 6

Building

Bathroom Total 4
Bedrooms Total 4
Basement Development Partially Finished
Basement Type Partial (partially Finished)
Cooling Type Central Air Conditioning
Exterior Finish Vinyl Siding
Fire Protection Unknown
Fixture Ceiling Fans
Heating Fuel Natural Gas
Heating Type Forced Air
Stories Total 1
Size Interior 1848
Type Fourplex
Utility Water Municipal Water

Parking

Detached Garage

Land

Access Type Road Access
Acreage No
Fence Type Partially Fenced
Land Amenities Park, Place Of Worship, Playground, Schools, Shopping
Sewer Municipal Sewage System
Size Depth 150 Ft
Size Frontage 55 Ft
Size Total Text Under 1/2 Acre
Zoning Description R3-2

Utilities

Cable Available
DSL* Available
Electricity Available
Natural Gas Available
Telephone Available

https://www.realtor.ca/real-estate/23715599/644-lorne-avenue-london

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