12 Cartwright Street, London East, ON N6B 2W4 – London East – $689,000

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Description

Nestled in Historic Downtown Woodfield (2016 Winner of Great Places in Canada Award) sits this unassuming 19th century cottage charmer style home. Full of history, this newly renovated multi-generational home sits on a huge lot with one of the largest backyards on the street that features a row of fully mature lilac bushes, an outdoor living space with gas hookup, huge gardens and two driveways with space for up to six cars, making navigating multi-family life a breeze. Lord Roberts Public School and London Central Secondary School are within walking distance making this a perfect family home featuring 3 spacious bedrooms, two bathrooms, a full kitchen, kitchenette and laundry in the back as well as a full inlaw or guest suite in the front featuring a huge front porch and the option for laundry in the basement. The home also features a legal 2 bedroom upper apartment w/ separate entrance and dedicated laneway making it the perfect mortgage-helper. Currently there is ample flexibility as the upper two bedroom unit and front main level one bedroom unit are vacant. The rear lower three bed and two bath unit with in suite laundry is currently rented to a lovely family at $1999 a month. The projected rental income for the total property is around $5000 or more if all three units were rented. This spacious lot also offers ample room to legally add an additional stand alone garden suite unit.

Property Details

• Bedrooms: 6
• Property Type: Residential Freehold
• List Price: $689,000
• Parking Spaces: 3
• Lot Size (sq ft): 0.131
• Tax Year: 2024
• Annual Taxes: $5,002