75 CLEVELAND PLACE Active Save Request In-Person Tour Request Virtual Tour
London,ON N5Z4T5
Key Details
Property Type Single Family Home
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Subdivision East J
MLS Listing ID X10415327
Style Bungalow
Bedrooms 6
Originating Board Toronto Regional Real Estate Board
Property Description
Welcome to 75 Cleveland Pl, a beautifully updated and excellent investment property with an 8.76% CAP RATE! Nestled in the heart of the desirable Glen Cairn neighbourhood. This fully renovated (2021) bungalow features a spacious 3+3 bedroom, 1+1 bathroom layout, situated on a 37x111 ft lot. The property is currently tenanted and generating $4,305/month inclusive, this property is an incredible investment opportunity. Both sets of tenants are excellent and on a month-to-month basis as of November 2024, allowing for continuity. The main level offers a bright, open-concept living and dining area perfect for family gatherings, along with three well-sized bedrooms. The lower level presents a fully modernized in-law suite with a separate entrance, featuring three additional bedrooms, a full bath, and a cozy living space-an ideal setup for extended family, guests, or rental income. Located in Glen Cairn, one of London's most charming and convenient communities, this property benefits from a peaceful, tree-lined street while being just minutes away from major amenities. With proximity to Victoria Hospital, top-rated schools, shopping centers, restaurants, and quick access to the 401 & 402 highways, Glen Cairn combines suburban tranquility with urban convenience. Whether you're seeking a multi-generational living solution, a mortgage helper, or a pure investment, 75 Cleveland Pl offers endless possibilities in a fantastic neighbourhood. Don't miss out on this rare opportunity! **** EXTRAS **** 8.76% Cap Rate, closing anytime for investment purposes. (id:24570)
Location
Province ON
Rooms
Extra Room 1 Lower level 2.92 m X 3.33 m Bedroom 2
Extra Room 2 Lower level 2.59 m X 5.11 m Bedroom 3
Extra Room 3 Lower level Measurements not available Kitchen
Extra Room 4 Lower level Measurements not available Bathroom
Extra Room 5 Lower level 4.24 m X 2.13 m Bedroom
Extra Room 6 Main level Measurements not available Living room
Interior
Heating Forced air
Cooling Central air conditioning
Exterior
Garage No
Waterfront No
View Y/N No
Total Parking Spaces 5
Private Pool No
Building
Story 1
Sewer Sanitary sewer
Architectural Style Bungalow
Others
Ownership Freehold