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557 Ontario Street, London, ON, N5W 3X9

MLS® # 40599831
Investment For Sale In East London, London, Ontario
$649,000
557 Ontario Street, London, ON
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Home Insurance - TD Insurance
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Home Insurance - TD Insurance

Get a home insurance quote online for this $649,000 property in London

Provided by TD Insurance
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ACTIVE
557 Ontario Street, London, ON, N5W 3X9
$649,000

Property Information:

Welcome to a fantastic triplex investment opportunity in East London. This fully leased property is ideally located just a 10-minute drive from Western University and only 7 minutes from downtown, making it perfect for attracting quality tenants.Each unit is occupied by great tenants who maintain a clean and friendly living environment. Shared laundry facilities are conveniently located in the basement. The property also features a stand-alone oversized garage with high ceilings, presenting excellent potential to develop a fourth unit or lease it out as storage for additional income.

Inclusions: None

Building Features:

  • Floor Space: 1586 Square Feet

Property Features:

  • Bedrooms: 4
  • Acres Range: < 0.5
  • Basement: Separate Entrance, Partial, Partially Finished
  • Built in: 1920
  • Cooling: Central Air
  • Driveway Parking: Private Drive Double Wide
  • Fencing: Fence - Partial
  • Floor Space (approx): 1586 Square Feet
  • Heating: Forced Air, Natural Gas
  • Laundry Features: Shared
  • Lot Depth: 108 Feet
  • Lot Features: City Lot, Hospital, Public Transit, Shopping Nearby
  • Lot Frontage: 43.01 Feet
  • Parking Features: Detached Garage
  • Roof: Asphalt Shing
  • Water Source: Municipal
  • Zoning: R3-2
  • Sewer: Sewer (Municipal)
  • No. of Parking Spaces: 5

Courtesy of: Engel & Volkers Oakville

Data provided by: The Oakville, Milton and District Real Estate Board 125 Navy Street, Oakville, Ontario L6J 2Z5
All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations are made of any kind. Copyright© 2021 All Rights Reserved

Access to Sold Data on this website may only be used by consumers that have a bona fide interest in the purchase, sale, or lease of residential real estate.

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Sales/Price History

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Market Price Trends

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Location of 557 Ontario Street, London, ON, N5W 3X9

Climate Risk Data

About Climate Risk: Properties are at increased risk of damage from extreme weather due to climate change.
ClimateCheck provides detailed climate risk data for properties now and up to 30 years into the future.

Projected Heat Risk: Moderate

35 hot days expected in 2050

Projected Precipitation Risk: Moderate-High

14 storms expected in 2050

Projected Heat Risk: Moderate

35 hot days expected in 2050

55/100

Moderate

ClimateCheck®

Current data

This property, 557 Ontario Street , experiences 7 hot days per year at around 31 degrees Celsius.

Projected data

Severe heat risk is expected to increase in this area. In 2050, it is projected that there will be 35 hot days at 34.5 degrees Celsius.

Projected Avg. Temperature

Past
31℃
2050
34.5℃

# Hot Days Per Year

Past
7
2050
35

About Heat Risk

Heat risk is the number of extreme heat days experienced each year looking at historical conditions (1980-2005) in your area and taking the 2% of the hottest days and projecting that into the future.

Projected Precipitation Risk: Moderate-High

14 storms expected in 2050

63/100

Moderate-High

ClimateCheck®

Current data

This property, 557 Ontario Street , experiences 11 significant 2-day storms per year, with about 328.5mm of precipitation per storm.

Projected data

Severe storms are expected to increase in this area. In 2050, it is projected that there will be 14 significant 2-day storms with 404.2mm of precipitation per year.

Precipitation Per Storm

Past
328.5mm
2050
404.2mm

48-Hour Storms Per Year

Past
11
2050
14

About Storm Risk

Storm risk is the number of high wind, wet or snowy events each year. Climate check looks at historical conditions (1980-2005) in your area, on the days with the top 1% of total precipitation in a year and projected to 2050.

Climate risk data is provided for informational purposes only on Royallepage.ca.
If you have questions or feedback about this data, get help at climatecheck.com.

Environmental Risks provided by ClimateCheck®

Royal LePage does not endorse nor guarantee this information. By providing this information, Royal LePage and its agents are not providing advice or guidance on climate risks. Royal LePage strongly recommends that consumers independently investigate the property’s climate risks to their own personal satisfaction.

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Demographic Information of 557 Ontario Street, London, ON, N5W 3X9

Life Stage

Young Couples

Employment Type

Service Sector/White Collar

Average Household Income

$94,840.51

Average Number of Children

1.62

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

14.16 %

High school certificate or equivalent

25.54 %

Apprenticeship trade certificate/diploma

7.12 %

College/non-university certificate

28.56 %

University certificate (below bachelor)

0.86 %

University Degree

23.76 %

Commuter

Travel To Work

By Car

82.35 %

By Public Transit

6.45 %

By Walking

5.3 %

By Bicycle

2.06 %

By Other Methods

3.84 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

23.37 %

Houses

76.63 %

Own Vs. Rent

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