Behzad Rahdari, P. Eng.
Broker
Re/Max Hallmark Realty Ltd., Brokerage
Independently owned and operated.
9555 Yonge St , Richmond Hill, Ontario L4C 9M5
Cell: 416-301-7556Office: 905-883-4922
$524,900
Available - For Sale
Listing ID: X12605046
437 Charlotte Street , London East, N5W 4A5, Middlesex
| Fully renovated in 2024, this spacious detached bungalow with separate units offers a strong investment opportunity and excellent flexibility for multi-generational living or owner-occupied rental income. Recent updates include a new roof, North Star windows, flooring, furnace, siding, quartz countertops, new doors and trims, updated kitchens on both levels, and modern bathrooms with new vanities, making this a truly turnkey property. Configured as a legal duplex-style setup, the property has a projected income of $4,000/month in total rental income: the main unit can rent for $2,400/month plus utilities, and the lower unit it can rent for $1,600/month with heat included and hydro separate. Each unit features its own kitchen, full bathroom, separate hydro/water/gas, individual laundry, and its own fireplace. A spacious den on the upper level adds even more functional living space, while durable vinyl flooring runs throughout both levels. Outside, the property offers parking for 5 large vehicles plus an additional garage space-rare for the area. Located within walking distance to the Hard Rock Hotel, Tim Hortons, Western Fair District, and nearby amenities, this location provides strong rental appeal and convenience. Whether you are an investor seeking a cash-flowing asset with an approx. 8.15% CAP rate, or a family looking for separate living spaces, this renovated bungalow delivers long-term value, versatility, and income potential. For those looking to offset living costs, this property is also an ideal live-in investment. You can comfortably reside in one unit while renting out the other to significantly reduce monthly expenses. With current market rents, the second unit can cover a substantial portion of the mortgage, utilities, and other household bills, making this home an excellent option for first-time buyers, downsizers, or families seeking affordability without compromising space or privacy. |
| Price | $524,900 |
| Taxes: | $3193.00 |
| Occupancy: | Vacant |
| Address: | 437 Charlotte Street , London East, N5W 4A5, Middlesex |
| Directions/Cross Streets: | Charlotte St / Dundas St |
| Rooms: | 8 |
| Rooms +: | 7 |
| Bedrooms: | 2 |
| Bedrooms +: | 1 |
| Family Room: | T |
| Basement: | Full |
| Level/Floor | Room | Length(ft) | Width(ft) | Descriptions | |
| Room 1 | Main | Foyer | 8.36 | 6.56 | Vinyl Floor |
| Room 2 | Main | Family Ro | 11.81 | 14.01 | Vinyl Floor |
| Room 3 | Main | Dining Ro | 14.01 | 10.73 | Vinyl Floor |
| Room 4 | Main | Kitchen | 11.15 | 9.94 | Vinyl Floor |
| Room 5 | Main | Bedroom | 11.74 | 9.97 | Vinyl Floor |
| Room 6 | Main | Bedroom | 13.68 | 8.53 | Vinyl Floor |
| Room 7 | Main | Bathroom | 6.59 | 6.04 | Vinyl Floor |
| Room 8 | Upper | Den | 23.98 | 12.04 | Vinyl Floor |
| Room 9 | Main | Foyer | 12.56 | 6.26 | Vinyl Floor |
| Room 10 | Basement | Laundry | 13.71 | 8.56 | Vinyl Floor |
| Room 11 | Basement | Family Ro | 14.79 | 9.61 | Vinyl Floor |
| Room 12 | Basement | Kitchen | 11.97 | 8.27 | Vinyl Floor |
| Room 13 | Basement | Dining Ro | 7.12 | 10.99 | Vinyl Floor |
| Room 14 | Basement | Bedroom | 13.48 | 9.68 | Vinyl Floor |
| Room 15 | Basement | Bathroom | 4.92 | 7.41 | Vinyl Floor |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 4 | Main |
| Washroom Type 2 | 4 | Basement |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 | |
| Washroom Type 6 | 4 | Main |
| Washroom Type 7 | 4 | Basement |
| Washroom Type 8 | 0 | |
| Washroom Type 9 | 0 | |
| Washroom Type 10 | 0 |
| Total Area: | 0.00 |
| Property Type: | Detached |
| Style: | Bungalow |
| Exterior: | Brick, Vinyl Siding |
| Garage Type: | Detached |
| (Parking/)Drive: | Private |
| Drive Parking Spaces: | 4 |
| Park #1 | |
| Parking Type: | Private |
| Park #2 | |
| Parking Type: | Private |
| Pool: | None |
| Approximatly Square Footage: | 1100-1500 |
| Property Features: | Library, Park |
| CAC Included: | N |
| Water Included: | N |
| Cabel TV Included: | N |
| Common Elements Included: | N |
| Heat Included: | N |
| Parking Included: | N |
| Condo Tax Included: | N |
| Building Insurance Included: | N |
| Fireplace/Stove: | Y |
| Heat Type: | Forced Air |
| Central Air Conditioning: | None |
| Central Vac: | N |
| Laundry Level: | Syste |
| Ensuite Laundry: | F |
| Sewers: | Sewer |
| Utilities-Cable: | Y |
| Utilities-Hydro: | Y |
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| STREETCITY REALTY INC. |
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Behzad Rahdari, P. Eng.
Broker
Dir:
416-301-7556
Bus:
905-883-4922
| Book Showing | Email a Friend |
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At a Glance:
| Type: | Freehold - Detached |
| Area: | Middlesex |
| Municipality: | London East |
| Neighbourhood: | East G |
| Style: | Bungalow |
| Tax: | $3,193 |
| Beds: | 2+1 |
| Baths: | 2 |
| Fireplace: | Y |
| Pool: | None |
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