Those looking to purchase real estate in the area can expand their options by including the selection of duplexes for sale in London Ontario. Duplexes are a favourite for investors, either by renting out both units or to live in one while a renter helps take care of a large portion of expenses. If you are in search of an investment property London Ontario buyers are finding increasingly attractive, consider adding duplexes to your list.
There are several types and styles of duplexes for sale in the London Ontario area. You should first be aware of whether a duplex was originally constructed as a two unit property, or was converted into a duplex. Many large, older London Ontario homes were converted into two unit properties to increase income and/or value. In conversions, it is important to know if, and what utilities have been separated during conversion. In some conversions, plumbing, for example, remained central to minimize construction expenses. This impacts who ultimately, is responsible for utility payments. London Ontario neighbourhoods also include both converted and original construction up/down duplexes and side by side duplexes.
Selecting the right duplex will depend on your goals for the property. If you have the intention of living in half of the duplex, you will want to choose a property in the location best for your personal needs. If your purchase is purely as an investment property London Ontario, your choice will likely be more influenced by your ROI (Return on Investment). Factors that can improve ROI include a historically well-maintained property, solid tenants with lengthy tenancy, and good cash flow. It can be valuable to determine if rents currently being charged are at market rates.
Multi-family homes for sale like duplexes can be found in many London Ontario neighbourhoods, in and around the metro. In some cases, duplexes for sale London Ontario are comparable in pricing to single-family homes of similar square footage. Like single-family homes, duplexes for sale in London Ontario can vary widely in price from the low $200,000 range to $1 million plus. First-time buyers of an investment property London Ontario should also be aware that rental properties are treated differently by both mortgage and insurance companies. This is just another reason seeking professional assistance can be valuable in finding the duplex appropriate for you and your real estate goals.
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Wonderful opportunity in Old East Village! Located on a quiet street, this yellow brick bungalow is currently being used as an owner occupied duplex. There is a lovely c...
Listing courtesy of KELLER WILLIAMS LIFESTYLES REALTY, BROKERAGE.
Income Opportunity! Here is your chance to own this legal non-conforming triplex in Manor Park. Two units in this property are fully tenanted. It contains a 2 bedroom uni...
Listing courtesy of ROYAL LEPAGE TRILAND REALTY.
Waiting for an affordable investment opportunity or a home with a great mortgage helper? 12 Fairview Court is it! Tucked away on a quiet cul-de-sac, just minutes from Lon...
Listing courtesy of SUTTON GROUP - SELECT REALTY INC., BROKERAGE.
Cash flow in this large duplex! The upper 2 bedroom unit is rented for $1425 plus hydro and the lower 3 bedroom unit is rented at $1600 plus Hydro. The lower unit will be...
Listing courtesy of THE AGENCY REAL ESTATE.
Newer, Purpose Built, Licensed, Legal Duplex in an old Historic Neighborhood in East London. Built in 1977 this turn key rental property is fully leased and a great inves...
Listing courtesy of CENTURY 21 FIRST CANADIAN CORP., BROKERAGE.
A classic century home in the heart of Old East village. The covered porch is a perfect location for enjoying a beautiful day. This is a perfect set up with separate 2 ...
Listing courtesy of SUTTON GROUP PREFERRED REALTY INC., BROKERAGE.
5 Bedroom Duplex OR 9 Bedroom Duplex, Your Call! Currently it's a 5 Bed Duplex that needs finishing, but, there are plans in place for an addition to make it into a 9 Bed...
Listing courtesy of SUTTON GROUP - SELECT REALTY INC., BROKERAGE.
Grab a coffee, make yourself comfortable and enjoy the serene panoramic ravine view, basement walkout and multi level decks. More often then not you'll be lucky enough ...
Listing courtesy of OLIVER & ASSOCIATES CORNERSTONE REAL ESTATE BROKERAGE INC..
Welcome to 32 Alma St, a beautiful character home with an upper and lower entrance with a full kitchen and bath on the top and bottom. This home is on a quiet street, nex...
Listing courtesy of STREETCITY REALTY INC., BROKERAGE.
ATTENTION ALL INVESTORS VACANT TURN KEY DUPLEX IN THE HEART OF OEV!! Here is your opportunity to expand your portfolio! Welcome to 820 Queens Ave! Located in the heart o...
Listing courtesy of THE REALTY FIRM INC., BROKERAGE.
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