454 Salisbury Street, London East, ON N5Y 3B2

$579,900

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Sep 14, 2025

London East, East G

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Description

INVESTORS! You're not going to want to miss this LEGAL, LICENSED DUPLEX with a potential 6.7% CAP RATE!!!! This all-brick two unit property with separate detached garage (bonus income potential) is located in a great neighbourhood with an easy commute to Fanshawe College, downtown London, parks, schools and more. The main unit combines comfort with functionality featuring three bedrooms, a generously sized kitchen and a living room with updated laminate flooring, vinyl windows and central air conditioning. This unit is currently rented to excellent tenants at market rent. With the spacious recently renovated two-bedroom lower-level unit being vacant, you can choose your own tenant or have a family member move in as well. Shared laundry is available in the common space making it an attractive feature for prospective tenants. Additional features include the home being equipped with a modern Nest thermostat and a newer furnace. Don't forget the entertainment options with nearby craft breweries and the bustling hubs of The Factory and Clubhouse. This property is perfect for investors looking for a turnkey investment, parents of students attending Fanshawe, and home-owners looking for income potential.

Overview

Property ID: X12198653

Type: Detached

Bedrooms: 5

Bathrooms: 2

Square: 900 m²

Price: $579,900

PropertyType: Residential Freehold

TransactionType: For Sale

BuildingAreaUnits: Square Feet

Cooling: Central Air

Heating: Forced Air