510-512 Quebec Street

  • Status Active
  • City London
  • Property Type Residential
  • Bedrooms 7
  • Bathrooms 4
Listing Price: $848,000
Property Details

 

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CLICK HERE for the 3D Virtual Tour of this property!

Welcome to 510-512 Quebec Street,

This home has history! Designed, built and later multiplexed by one of the families who developed the Old East Village, the character in this home is sure to impress. Stained-glass and leaded windows, built-in oak shelves and cabinets, artisanal tile, beamed ceilings, and oak pocket doors give this fourplex aristocratic charm. Antique touches throughout and sturdy hardwood floors, private patios or decks on each unit and 10 foot ceilings throughout. The units are spacious with functional yet elegant layouts done properly by professionals who lived in and owned the building from the 1890s to the 1950s. 

The currently owner-occupied unit (Apt.2) and bachelor unit (Apt.4) can be vacant upon purchase for big airbnb income potential or market rent attached under documents on the listing. The building is code-compatible, inspected and licensed by the City of London.

Snow removal is written into tenant’s leases so currently no cost to the owners. In exchange, tenants do not currently pay for their parking spots. 

Solar Panels (Installed Microfit on Roof, May 2017 with 10 year warranty and through provincial government program), yearly income for 2019 was $1320

Perfect for owner-occupy fourplex or multi-use airbnb. Income potential is massive.Private garden from the one bedroom unit, currently owner-occupied.

Coin operated dryers in basement bringing in extra cash. Solar panels which bring in electric money were installed May 2017. Current income and potential income is enticing, ask for full numbers.

Old East Village:

Very active community association, the growth of Old East Village is consistent and family friendly. Re-gentrified area, so much construction and updates to this area it’s the perfect time to get into OEV. Check out the Facebook Group here!

General Notes:

  • 4 fridges and 4 stoves included. One is a gas stove and 3 are electric.
  • The washer is currently free to use and dryer is coin operated (more income potential if buyer buys the washer)
  • No rental contracts on the property
  • Licence updated with City of London January 2020
  • Copper Plumbing
  • Copper Wiring (Previous owners were electricians)
  • Kitchen updates: All have been renovated with apt.4 the most recent (2019)
  • Bathroom Updates: All have been renovated with apt.1 the most recent (2019)
  • Windows – 45 windows of which 3 are stained glass, 5 are leaded with storms, 4 are fixed double pane, 19 are replaced vinyl sealed, 9 are refurbished, 5 are original
  • Roof – fiberglass main roof done 9 yrs ago, flat roof done 7 yrs ago
  • Approximately 3700 square feet of finished space plus storage and laundry in the basement with separate entrance

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Showing Details:

PLEASE VIEW THE 3D TOUR, NO SHOWINGS ALLOWED INSIDE THE PROPERTY DUE TO  COVID 19 UNTIL A CONDITIONAL OFFER WITH DEPOSIT IS ACCEPTED. YOU MAY WALK THE OUTSIDE AND DO DRIVE BYS OF THE PROPERTY BY BOOKING ON SHOWING TIME SO THE OWNER KNOWS YOU WILL BE WALKING OUTSIDE ONLY.

                                               

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If Interested in this property or have any questions please email me at:  keelingcandace13@gmail.com

 

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